General Dynamics Co. (NYSE:GD) insider S. Daniel Johnson sold 3,933 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $228.79, for a total transaction of $899,831.07. Following the sale, the insider now owns 66,363 shares in the company, valued at $15,183,190.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
General Dynamics Co. (GD) opened at $221.69 on Thursday. General Dynamics Co. has a 52 week low of $183.72 and a 52 week high of $230.00. The company has a market cap of $66,320.12, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 2.37 and a beta of 0.83. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 0.35.
General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.40 billion. During the same period last year, the company posted $1.89 EPS. The business’s revenue was up 8.1% on a year-over-year basis. sell-side analysts anticipate that General Dynamics Co. will post 11.09 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the business. Highlander Capital Management LLC boosted its stake in shares of General Dynamics by 101.4% during the 4th quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock worth $121,000 after purchasing an additional 300 shares during the period. Resources Investment Advisors Inc. boosted its stake in shares of General Dynamics by 92.3% during the 4th quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after purchasing an additional 300 shares during the period. We Are One Seven LLC purchased a new position in shares of General Dynamics during the 4th quarter worth about $128,000. NuWave Investment Management LLC purchased a new position in shares of General Dynamics during the 4th quarter worth about $130,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in shares of General Dynamics during the 4th quarter worth about $134,000. 93.41% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the stock. Bank of America raised their price objective on shares of General Dynamics from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $237.00 target price (up from $218.00) on shares of General Dynamics in a research note on Thursday, January 25th. Zacks Investment Research cut shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Monday. Buckingham Research reaffirmed a “buy” rating and set a $260.00 target price (up from $230.00) on shares of General Dynamics in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada raised their target price on shares of General Dynamics to $267.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. General Dynamics currently has a consensus rating of “Hold” and a consensus price target of $235.88.
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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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