Insider Selling: General Dynamics Co. (NYSE:GD) VP Sells 5,540 Shares of Stock

General Dynamics Co. (NYSE:GD) VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the transaction, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

General Dynamics Trading Up 0.2 %

GD traded up $0.56 during trading hours on Tuesday, reaching $281.91. 409,539 shares of the company’s stock traded hands, compared to its average volume of 1,111,142. The firm has a 50-day moving average price of $299.91 and a 200 day moving average price of $295.92. General Dynamics Co. has a 52-week low of $243.87 and a 52-week high of $316.90. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $77.52 billion, a PE ratio of 21.42, a PEG ratio of 1.70 and a beta of 0.61.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the firm earned $3.04 EPS. General Dynamics’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that General Dynamics Co. will post 13.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GD shares. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft decreased their target price on General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. TD Cowen raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein decreased their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Finally, Susquehanna lifted their target price on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $323.69.

Institutional Investors Weigh In On General Dynamics

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC raised its position in General Dynamics by 605.5% during the 3rd quarter. Tidal Investments LLC now owns 79,568 shares of the aerospace company’s stock valued at $24,045,000 after purchasing an additional 68,290 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of General Dynamics by 138.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 3,699 shares of the aerospace company’s stock worth $1,118,000 after acquiring an additional 2,149 shares in the last quarter. Arvest Bank Trust Division bought a new position in shares of General Dynamics in the 3rd quarter worth $20,667,000. World Investment Advisors LLC bought a new position in shares of General Dynamics in the 3rd quarter worth $3,892,000. Finally, Sanctuary Advisors LLC raised its position in shares of General Dynamics by 12.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 95,811 shares of the aerospace company’s stock worth $27,000,000 after acquiring an additional 10,909 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

General Dynamics Company Profile

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.