General Dynamics (NYSE:GD) Director Mark Malcolm Sells 5,480 Shares of Stock

General Dynamics Corporation (NYSE:GD) Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares in the company, valued at $3,884,695. The trade was a 33.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

General Dynamics Stock Down 1.8%

Shares of NYSE GD opened at $343.54 on Tuesday. The firm’s 50 day moving average price is $341.10 and its 200 day moving average price is $347.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The firm has a market cap of $92.90 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 2.17 and a beta of 0.34. General Dynamics Corporation has a 1 year low of $278.23 and a 1 year high of $369.70.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.43. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The company had revenue of $13.48 billion for the quarter, compared to analyst estimates of $12.70 billion. During the same quarter in the prior year, the company posted $3.66 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 16.62 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, July 2nd. General Dynamics’s dividend payout ratio (DPR) is presently 40.03%.

Analyst Ratings Changes

A number of research analysts have recently commented on GD shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $385.00 price objective on shares of General Dynamics in a research note on Thursday, April 30th. Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and boosted their target price for the company from $380.00 to $400.00 in a report on Thursday, June 11th. BNP Paribas Exane dropped their price target on shares of General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of General Dynamics from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Finally, Morgan Stanley upped their price objective on General Dynamics from $410.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $388.40.

Institutional Investors Weigh In On General Dynamics

Several institutional investors have recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after purchasing an additional 417 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of General Dynamics by 140.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after buying an additional 2,011 shares during the period. Sivia Capital Partners LLC acquired a new position in General Dynamics during the 2nd quarter worth approximately $240,000. Flow Traders U.S. LLC purchased a new position in General Dynamics in the 2nd quarter worth approximately $352,000. Finally, Jump Financial LLC acquired a new stake in General Dynamics in the second quarter valued at approximately $1,284,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.