General Dynamics Co. (NYSE:GD) insider S. Daniel Johnson sold 3,933 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $228.79, for a total transaction of $899,831.07. Following the completion of the sale, the insider now directly owns 66,363 shares of the company’s stock, valued at $15,183,190.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
General Dynamics Co. (NYSE GD) traded down $5.31 during trading hours on Monday, reaching $224.64. 1,216,784 shares of the company traded hands, compared to its average volume of 1,761,822. The firm has a market cap of $66,560.00, a PE ratio of 22.45, a P/E/G ratio of 2.44 and a beta of 0.83. General Dynamics Co. has a 1 year low of $183.72 and a 1 year high of $230.00. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35.
General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.13. The firm had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 EPS. research analysts forecast that General Dynamics Co. will post 11.09 EPS for the current fiscal year.
Several analysts have commented on GD shares. Royal Bank of Canada set a $239.00 target price on shares of General Dynamics and gave the stock a “buy” rating in a research report on Wednesday, November 15th. ValuEngine downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Jefferies Group boosted their price objective on shares of General Dynamics to $247.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. They noted that the move was a valuation call. Finally, Buckingham Research restated a “buy” rating and issued a $260.00 price objective (up from $230.00) on shares of General Dynamics in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $235.88.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in General Dynamics by 0.4% during the 4th quarter. BlackRock Inc. now owns 16,670,214 shares of the aerospace company’s stock valued at $3,391,556,000 after purchasing an additional 60,034 shares during the last quarter. Janus Henderson Group PLC increased its holdings in General Dynamics by 6.1% in the 3rd quarter. Janus Henderson Group PLC now owns 5,302,868 shares of the aerospace company’s stock valued at $1,090,164,000 after buying an additional 304,175 shares during the period. Geode Capital Management LLC increased its holdings in General Dynamics by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 3,115,765 shares of the aerospace company’s stock valued at $632,676,000 after buying an additional 57,738 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in General Dynamics by 2,097.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock valued at $353,351,000 after buying an additional 1,633,700 shares during the period. Finally, Bank of Montreal Can increased its holdings in General Dynamics by 15.0% in the 4th quarter. Bank of Montreal Can now owns 1,557,931 shares of the aerospace company’s stock valued at $316,962,000 after buying an additional 202,628 shares during the period. Hedge funds and other institutional investors own 93.41% of the company’s stock.
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General Dynamics Company Profile
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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