General Dynamics Corp. (NYSE:GD) SVP Walter Oliver sold 64,540 shares of General Dynamics Corp. stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $92.09, for a total transaction of $5,943,488.60. Following the transaction, the senior vice president now directly owns 89,273 shares in the company, valued at approximately $8,221,151. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
GD has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of General Dynamics Corp. in a research note to investors on Monday. They now have a $97.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of General Dynamics Corp. in a research note to investors on Wednesday, November 6th. They now have a $93.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of General Dynamics Corp. from $88.00 to $92.00 in a research note to investors on Wednesday, November 6th. They now have a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $94.00.
Shares of General Dynamics Corp. (NYSE:GD) traded up 0.40% during mid-day trading on Wednesday, hitting $92.285. The stock had a trading volume of 816,116 shares. General Dynamics Corp. has a 1-year low of $64.41 and a 1-year high of $92.49. The stock has a 50-day moving average of $87.94 and a 200-day moving average of $83.9. The company’s market cap is $32.239 billion.
General Dynamics Corp. (NYSE:GD) last released its earnings data on Wednesday, October 23rd. The company reported $1.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.68 by $0.02. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts expect that General Dynamics Corp. will post $7.02 EPS for the current fiscal year.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology.
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