Representative Jonathan L. Jackson (D-Illinois) recently sold shares of General Dynamics Co. NYSE: GD. In a filing disclosed on January 16th, the Representative disclosed that they had sold between $15,001 and $50,000 in General Dynamics stock on December 16th. The trade occurred in the Representative's "MORGAN STANLEY TRUST ACCOUNT" account.
Representative Jonathan L. Jackson also recently made the following trade(s):
- Purchased $15,001 - $50,000 in shares of O'Reilly Automotive NASDAQ: ORLY on 12/16/2024.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 12/9/2024.
- Sold $15,001 - $50,000 in shares of TIM NYSE: TIMB on 12/9/2024.
- Purchased $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 11/27/2024.
- Sold $15,001 - $50,000 in shares of Applied Materials NASDAQ: AMAT on 11/27/2024.
- Sold $15,001 - $50,000 in shares of Regeneron Pharmaceuticals NASDAQ: REGN on 11/13/2024.
- Purchased $15,001 - $50,000 in shares of Church & Dwight NYSE: CHD on 11/13/2024.
- Sold $1,001 - $15,000 in shares of Regeneron Pharmaceuticals NASDAQ: REGN on 11/1/2024.
- Purchased $15,001 - $50,000 in shares of Salesforce NYSE: CRM on 10/28/2024.
- Sold $15,001 - $50,000 in shares of ASML NASDAQ: ASML on 10/28/2024.
General Dynamics Stock Performance
Shares of NYSE GD traded down $1.97 during midday trading on Friday, hitting $266.86. 1,543,957 shares of the stock traded hands, compared to its average volume of 1,419,689. The firm has a market capitalization of $73.38 billion, a P/E ratio of 20.32, a PEG ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. General Dynamics Co. has a one year low of $247.36 and a one year high of $316.90. The firm has a 50-day moving average of $272.86 and a two-hundred day moving average of $288.17.
General Dynamics (NYSE:GD - Get Free Report) last issued 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 the consensus estimate of $11.65 billion. During the same period in the previous year, the firm earned $3.04 EPS. The company's revenue was up 10.4% on a year-over-year basis. On average, equities analysts forecast that General Dynamics Co. will post 13.81 EPS for the current fiscal year.
General Dynamics Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, January 17th. General Dynamics's payout ratio is 43.26%.
General Dynamics announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.
Insider Activity
In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the transaction, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Stock Yards Bank & Trust Co. raised its holdings in shares of General Dynamics by 3.1% in the second quarter. Stock Yards Bank & Trust Co. now owns 4,685 shares of the aerospace company's stock worth $1,359,000 after buying an additional 140 shares during the last quarter. Axxcess Wealth Management LLC increased its position in shares of General Dynamics by 4.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 9,664 shares of the aerospace company's stock valued at $2,804,000 after acquiring an additional 391 shares during the period. Wealth Alliance raised its stake in General Dynamics by 17.4% in the 2nd quarter. Wealth Alliance now owns 1,206 shares of the aerospace company's stock worth $350,000 after acquiring an additional 179 shares during the last quarter. Argent Trust Co grew its stake in General Dynamics by 3.6% during the 2nd quarter. Argent Trust Co now owns 15,789 shares of the aerospace company's stock valued at $4,581,000 after purchasing an additional 548 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in General Dynamics by 7.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,975 shares of the aerospace company's stock valued at $2,314,000 after purchasing an additional 553 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Sanford C. Bernstein reduced their price target on shares of General Dynamics from $343.00 to $331.00 and set a "market perform" rating on the stock in a report on Thursday, October 24th. Robert W. Baird reiterated a "neutral" rating and issued a $283.00 target price (down from $345.00) on shares of General Dynamics in a research report on Tuesday. Citigroup lifted their price objective on General Dynamics from $331.00 to $354.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Susquehanna lowered their target price on General Dynamics from $330.00 to $315.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. Finally, Seaport Res Ptn cut shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $304.53.
Get Our Latest Report on General Dynamics
About Representative Jackson
Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois' 1st Congressional District. Jackson assumed office on January 3, 2023. Jackson's current term ends on January 3, 2025. Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois' 1st Congressional District. Jackson declared candidacy for the 2024 election. Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson's career experience includes working as an investment analyst and an entrepreneur.
General Dynamics Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider General Dynamics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Dynamics wasn't on the list.
While General Dynamics currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
