General Dynamics (NYSE:GD) VP Christopher Brady Sells 8,150 Shares of Stock

General Dynamics Corporation (NYSE:GD) VP Christopher Brady sold 8,150 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

General Dynamics Price Performance

GD opened at $325.50 on Thursday. The company’s 50 day simple moving average is $305.13 and its 200 day simple moving average is $280.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $325.82. The stock has a market capitalization of $87.55 billion, a PE ratio of 21.85, a P/E/G ratio of 1.98 and a beta of 0.48.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $12.13 billion. During the same period last year, the company earned $3.26 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

Analyst Ratings Changes

GD has been the topic of several research analyst reports. Susquehanna raised their target price on shares of General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. UBS Group increased their target price on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Cowen reissued a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the stock a “market perform” rating in a report on Monday, July 14th. Finally, Wolfe Research raised shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a research report on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $315.78.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. State Street Corp grew its position in shares of General Dynamics by 1.1% in the 2nd quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock worth $3,249,220,000 after acquiring an additional 119,664 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of General Dynamics by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after purchasing an additional 256,687 shares during the period. Ameriprise Financial Inc. raised its position in shares of General Dynamics by 25.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock worth $1,003,444,000 after purchasing an additional 691,340 shares during the period. Royal Bank of Canada raised its position in shares of General Dynamics by 5.2% during the 4th quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company’s stock worth $773,355,000 after purchasing an additional 145,978 shares during the period. Finally, Northern Trust Corp raised its position in shares of General Dynamics by 4.2% during the 4th quarter. Northern Trust Corp now owns 2,606,137 shares of the aerospace company’s stock worth $686,691,000 after purchasing an additional 103,870 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

About General Dynamics

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.