General Dynamics Co. (NYSE:GD) VP Gregory S. Gallopoulos Sells 13,567 Shares

General Dynamics Co. (NYSE:GD) VP Gregory S. Gallopoulos sold 13,567 shares of General Dynamics stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the transaction, the vice president now directly owns 103,345 shares in the company, valued at approximately $29,816,065.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

General Dynamics Stock Down 0.2 %

Shares of NYSE:GD opened at $286.53 on Thursday. The company’s fifty day moving average is $281.88 and its 200-day moving average is $262.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. General Dynamics Co. has a 52 week low of $202.35 and a 52 week high of $296.50. The company has a market capitalization of $78.61 billion, a PE ratio of 23.37, a P/E/G ratio of 1.79 and a beta of 0.68.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the prior year, the firm earned $2.64 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s payout ratio is currently 46.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and lifted their price target for the company from $305.00 to $335.00 in a research report on Monday. Barclays boosted their target price on shares of General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. The Goldman Sachs Group lifted their price target on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Wells Fargo & Company lifted their price target on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Alembic Global Advisors downgraded shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target on the stock. in a research note on Monday, January 29th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and a consensus price target of $297.06.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hunter Associates Investment Management LLC bought a new stake in General Dynamics during the 1st quarter worth about $223,000. Rockline Wealth Management LLC raised its holdings in General Dynamics by 1.8% during the 1st quarter. Rockline Wealth Management LLC now owns 14,931 shares of the aerospace company’s stock worth $4,218,000 after purchasing an additional 257 shares during the last quarter. Main Street Research LLC raised its holdings in General Dynamics by 5.7% during the 1st quarter. Main Street Research LLC now owns 94,460 shares of the aerospace company’s stock worth $26,684,000 after purchasing an additional 5,067 shares during the last quarter. Schulhoff & Co. Inc. raised its holdings in General Dynamics by 1.8% during the 1st quarter. Schulhoff & Co. Inc. now owns 11,463 shares of the aerospace company’s stock worth $3,238,000 after purchasing an additional 199 shares during the last quarter. Finally, Fortem Financial Group LLC raised its holdings in General Dynamics by 7.4% during the 1st quarter. Fortem Financial Group LLC now owns 4,861 shares of the aerospace company’s stock worth $1,373,000 after purchasing an additional 337 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

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.