General Dynamics Co. (NYSE:GD) insider S. Daniel Johnson sold 3,933 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $228.79, for a total value of $899,831.07. Following the transaction, the insider now directly owns 66,363 shares of the company’s stock, valued at $15,183,190.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
General Dynamics stock opened at $223.75 on Thursday. 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 Co. has a twelve month low of $183.72 and a twelve month high of $230.00. The company has a market capitalization of $66,922.90, a PE ratio of 22.65, a PEG ratio of 2.39 and a beta of 0.83.
General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The business had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.40 billion. During the same quarter last year, the firm earned $1.89 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities research analysts anticipate that General Dynamics Co. will post 11.09 earnings per share for the current year.
GD has been the subject of several recent analyst reports. ValuEngine upgraded General Dynamics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $234.00 price objective for the company in a research note on Friday, January 19th. Jefferies Group reiterated a “buy” rating and issued a $237.00 price objective on shares of General Dynamics in a research note on Monday, January 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $220.00 price objective on shares of General Dynamics in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada boosted their price objective on General Dynamics to $267.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $235.88.
Hedge funds and other institutional investors have recently modified their holdings of the business. Highlander Capital Management LLC grew its position in shares of General Dynamics by 101.4% in the 4th quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock worth $121,000 after acquiring an additional 300 shares in the last quarter. Resources Investment Advisors Inc. lifted its holdings in shares of General Dynamics by 92.3% in 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 last quarter. We Are One Seven LLC bought a new stake in shares of General Dynamics in the 4th quarter worth approximately $128,000. NuWave Investment Management LLC bought a new stake in shares of General Dynamics in the 4th quarter worth approximately $130,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of General Dynamics in the 4th quarter worth approximately $134,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “S. Daniel Johnson Sells 3,933 Shares of General Dynamics Co. (GD) Stock” was first published by BBNS and is owned by of BBNS. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://baseballnewssource.com/2018/03/22/general-dynamics-co-gd-insider-s-daniel-johnson-sells-3933-shares/2034629.html.
About General Dynamics
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.
Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.