John Patrick Casey Sells 4,133 Shares of General Dynamics Co. (GD) Stock

General Dynamics Co. (NYSE:GD) EVP John Patrick Casey sold 4,133 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $225.27, for a total transaction of $931,040.91. Following the sale, the executive vice president now directly owns 96,055 shares of the company’s stock, valued at $21,638,309.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Patrick Casey also recently made the following trade(s):

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  • On Wednesday, February 14th, John Patrick Casey sold 9,304 shares of General Dynamics stock. The shares were sold at an average price of $215.29, for a total transaction of $2,003,058.16.

Shares of NYSE:GD traded down $5.48 during midday trading on Friday, reaching $215.74. 1,496,133 shares of the company’s stock were exchanged, compared to its average volume of 1,672,640. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $64,891.87, a price-to-earnings ratio of 21.68, a PEG ratio of 2.31 and a beta of 0.83. General Dynamics Co. has a fifty-two week low of $185.64 and a fifty-two week high of $230.00.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.13. The firm had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.40 billion. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $1.89 EPS. equities research analysts predict that General Dynamics Co. will post 11.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Shareholders of record on Friday, April 13th will be given a $0.93 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $0.84. This represents a $3.72 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, April 12th. General Dynamics’s payout ratio is currently 33.77%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GD. Highlander Capital Management LLC grew its position in General Dynamics by 101.4% in the 4th quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock valued at $121,000 after acquiring an additional 300 shares in the last quarter. Resources Investment Advisors Inc. grew its position in shares of General Dynamics by 92.3% during the fourth quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after buying an additional 300 shares in the last quarter. We Are One Seven LLC acquired a new position in shares of General Dynamics during the fourth quarter worth about $128,000. NuWave Investment Management LLC acquired a new position in shares of General Dynamics during the fourth quarter worth about $130,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of General Dynamics during the fourth quarter worth about $134,000. 86.09% of the stock is owned by institutional investors.

GD has been the topic of several recent analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $237.00 price objective on shares of General Dynamics in a research note on Monday, January 8th. Bank of America increased their target price on General Dynamics from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Royal Bank of Canada set a $246.00 target price on General Dynamics and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $234.00 target price on the stock in a research report on Friday, January 19th. Finally, Buckingham Research reiterated a “buy” rating and set a $260.00 target price (up previously from $230.00) on shares of General Dynamics in a research report on Tuesday, January 30th. Three research 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 has an average rating of “Hold” and a consensus price target of $239.46.

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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.

Insider Buying and Selling by Quarter for General Dynamics (NYSE:GD)

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