Rep. Jonathan L. Jackson Sells Off Shares of General Dynamics Co. (NYSE:GD)

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 Down 0.7 %

NYSE:GD traded down $1.97 on Friday, hitting $266.86. The stock had a trading volume of 1,543,957 shares, compared to its average volume of 1,419,689. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. General Dynamics Co. has a 52 week low of $247.36 and a 52 week high of $316.90. The business's fifty day moving average is $272.86 and its 200 day moving average is $288.19. The company has a market cap of $73.38 billion, a PE ratio of 20.32, a P/E/G ratio of 1.38 and a beta of 0.61.

General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts' consensus estimates of $3.48 by ($0.13). The business had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 EPS. On average, equities research analysts expect that General Dynamics Co. will post 13.81 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 dividend on an annualized basis and a yield of 2.13%. General Dynamics's payout ratio is currently 43.26%.

General Dynamics announced that its board has authorized a stock repurchase plan on Wednesday, December 4th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a research note on Thursday, January 2nd. Susquehanna dropped their price target on shares of General Dynamics from $330.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Wolfe Research lowered shares of General Dynamics from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, December 11th. Jefferies Financial Group restated a "hold" rating and issued a $300.00 target price (down previously from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. Finally, Royal Bank of Canada downgraded General Dynamics from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $330.00 to $290.00 in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $304.53.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Coston McIsaac & Partners increased its position in shares of General Dynamics by 22.8% during the third quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company's stock valued at $53,000 after buying an additional 33 shares during the period. Global X Japan Co. Ltd. grew its stake in General Dynamics by 2.3% during the third quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company's stock valued at $448,000 after acquiring an additional 33 shares in the last quarter. Grove Bank & Trust increased its holdings in General Dynamics by 10.6% during the 3rd quarter. Grove Bank & Trust now owns 354 shares of the aerospace company's stock worth $107,000 after acquiring an additional 34 shares during the period. Trueblood Wealth Management LLC lifted its stake in General Dynamics by 1.6% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company's stock worth $672,000 after purchasing an additional 34 shares in the last quarter. Finally, Jeppson Wealth Management LLC boosted its holdings in General Dynamics by 3.8% in the 3rd quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company's stock valued at $289,000 after purchasing an additional 35 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Christopher J. Brady sold 5,540 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares of the company's stock, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company's stock.

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

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.