Insider Selling: General Dynamics Co. (NYSE:GD) Director Sells 1,320 Shares of Stock

General Dynamics Co. (NYSE:GD - Get Free Report) Director Peter A. Wall sold 1,320 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares of the company's stock, valued at $1,106,515.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

General Dynamics Stock Down 0.5 %

Shares of NYSE:GD traded down $1.45 during trading on Wednesday, reaching $302.40. The stock had a trading volume of 1,155,773 shares, compared to its average volume of 1,064,739. The firm's 50-day simple moving average is $293.92 and its 200 day simple moving average is $290.64. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. General Dynamics Co. has a one year low of $214.53 and a one year high of $309.97. The company has a market capitalization of $82.97 billion, a P/E ratio of 24.67, a PEG ratio of 1.64 and a beta of 0.61.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts' consensus estimates of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the firm earned $2.70 EPS. The company's revenue for the quarter was up 18.0% compared to the same quarter last year. As a group, research analysts expect that General Dynamics Co. will post 14.52 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be issued a $1.42 dividend. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.88%. General Dynamics's dividend payout ratio is presently 46.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of General Dynamics in a report on Monday, July 29th. Wells Fargo & Company upped their price target on General Dynamics from $330.00 to $334.00 and gave the company an "overweight" rating in a research report on Thursday, July 25th. Robert W. Baird reissued an "outperform" rating and issued a $345.00 price objective on shares of General Dynamics in a research report on Tuesday, July 2nd. Morgan Stanley upgraded shares of General Dynamics from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Finally, Barclays increased their price target on General Dynamics from $310.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, General Dynamics presently has an average rating of "Moderate Buy" and a consensus target price of $315.06.

Hedge Funds Weigh In On General Dynamics

Institutional investors and hedge funds have recently bought and sold shares of the company. Modera Wealth Management LLC grew its holdings in General Dynamics by 0.4% during the 2nd quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company's stock worth $2,356,000 after acquiring an additional 35 shares in the last quarter. Rathbones Group PLC boosted its holdings in shares of General Dynamics by 1.8% in the second quarter. Rathbones Group PLC now owns 2,022 shares of the aerospace company's stock valued at $587,000 after acquiring an additional 35 shares in the last quarter. Legend Financial Advisors Inc. raised its stake in shares of General Dynamics by 46.8% during the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company's stock worth $32,000 after buying an additional 36 shares in the last quarter. Diversified Trust Co lifted its holdings in General Dynamics by 2.5% in the first quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company's stock valued at $425,000 after acquiring an additional 36 shares during the period. Finally, Fulton Bank N.A. lifted its stake in shares of General Dynamics by 1.1% in the first quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company's stock valued at $932,000 after purchasing an additional 37 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.