General Dynamics Corporation (NYSE:GD - Get Free Report) CEO Phebe N. Novakovic sold 178,821 shares of General Dynamics stock in a transaction on Friday, June 13th. The stock was sold at an average price of $283.13, for a total transaction of $50,629,589.73. Following the transaction, the chief executive officer now directly owns 769,607 shares in the company, valued at approximately $217,898,829.91. This represents a 18.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
General Dynamics Stock Performance
Shares of General Dynamics stock traded down $0.07 on Friday, hitting $278.46. The stock had a trading volume of 1,518,679 shares, compared to its average volume of 1,390,783. The stock has a market cap of $74.74 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.87 and a beta of 0.46. The company has a quick ratio of 0.82, a current ratio of 1.34 and a debt-to-equity ratio of 0.33. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $316.90. The business's 50 day moving average is $275.58 and its two-hundred day moving average is $266.58.
General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.23. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. During the same period in the previous year, the company posted $2.88 EPS. The firm's quarterly revenue was up 13.9% on a year-over-year basis. Analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.
General Dynamics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a $1.50 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $6.00 annualized dividend and a dividend yield of 2.15%. General Dynamics's dividend payout ratio (DPR) is presently 41.61%.
Wall Street Analysts Forecast Growth
GD has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Susquehanna increased their price target on General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research report on Wednesday, April 2nd. William Blair lowered General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Argus set a $295.00 price objective on General Dynamics in a research note on Tuesday, May 6th. Finally, UBS Group raised their target price on shares of General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $293.00.
Check Out Our Latest Report on GD
Hedge Funds Weigh In On General Dynamics
A number of hedge funds have recently bought and sold shares of the business. Rialto Wealth Management LLC increased its holdings in shares of General Dynamics by 213.8% during the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after purchasing an additional 62 shares during the period. Whipplewood Advisors LLC acquired a new stake in General Dynamics during the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in General Dynamics during the 4th quarter worth $26,000. Inlight Wealth Management LLC acquired a new position in General Dynamics in the 1st quarter valued at $26,000. Finally, Copia Wealth Management bought a new stake in shares of General Dynamics during the 4th quarter valued at $27,000. 86.14% of the stock is owned by institutional investors.
About General Dynamics
(
Get Free Report)
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.
Read More
Before you consider General Dynamics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Dynamics wasn't on the list.
While General Dynamics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
