Insider Selling: General Dynamics Co. (NYSE:GD) Director Sells $406,626.00 in Stock

General Dynamics Co. (NYSE:GD) Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now owns 3,592 shares in the company, valued at approximately $1,106,515.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $306.87 on Friday. General Dynamics Co. has a 12 month low of $214.53 and a 12 month high of $309.97. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $84.19 billion, a PE ratio of 25.03, a PEG ratio of 1.64 and a beta of 0.61. The stock’s fifty day simple moving average is $294.79 and its 200 day simple moving average is $290.97.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.70 earnings per share. On average, research analysts predict that General Dynamics Co. will post 14.52 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.85%. General Dynamics’s dividend payout ratio is currently 46.33%.

Analysts Set New Price Targets

GD has been the topic of a number of research reports. Robert W. Baird reiterated an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. BTIG Research initiated coverage on General Dynamics in a research note on Wednesday, June 26th. They issued a “buy” rating and a $345.00 target price for the company. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $293.00 to $345.00 in a research note on Friday, August 9th. Wells Fargo & Company lifted their price objective on General Dynamics from $330.00 to $334.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of General Dynamics in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $315.06.

Institutional Trading of General Dynamics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gilbert & Cook Inc. raised its holdings in General Dynamics by 5.1% during the fourth quarter. Gilbert & Cook Inc. now owns 2,509 shares of the aerospace company’s stock worth $652,000 after acquiring an additional 122 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of General Dynamics by 54.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,034 shares of the aerospace company’s stock worth $6,241,000 after purchasing an additional 8,432 shares in the last quarter. Gladstone Institutional Advisory LLC raised its stake in shares of General Dynamics by 3.7% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 4,975 shares of the aerospace company’s stock worth $1,292,000 after purchasing an additional 178 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of General Dynamics by 29.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,459 shares of the aerospace company’s stock valued at $1,418,000 after buying an additional 1,250 shares during the last quarter. Finally, Sachetta LLC bought a new position in shares of General Dynamics in the fourth quarter valued at $406,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.