General Dynamics (NYSE:GD) Director Mark Malcolm Sells 3,220 Shares

Key Points

• General Dynamics Director Mark Malcolm sold 3,220 shares of stock at an average price of $329.45, resulting in a total value of approximately $1.06 million, and decreasing his ownership by 24.02%.
• The company announced a $1.50 quarterly dividend payable on November 14th, reflecting an annualized dividend of $6.00 and a dividend yield of 1.8%.
• General Dynamics reported strong earnings for the last quarter with $3.74 earnings per share, surpassing estimates significantly and indicating a year-over-year revenue increase of 8.9%.

General Dynamics Corporation (NYSE:GD - Get Free Report) Director Mark Malcolm sold 3,220 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the transaction, the director owned 10,186 shares of the company's stock, valued at $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mark Malcolm also recently made the following trade(s):

• On Friday, August 22nd, Mark Malcolm sold 1,210 shares of General Dynamics stock. The shares were sold at an average price of $319.04, for a total value of $386,038.40.

General Dynamics Stock Up 0.5%

GD stock traded up $1.69 during mid-day trading on Tuesday, reaching $328.67. The company had a trading volume of 487,082 shares, compared to its average volume of 1,374,184. 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 fifty-two week low of $239.20 and a fifty-two week high of $330.18. The company has a market capitalization of $88.41 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 2.00 and a beta of 0.50. The firm has a fifty day simple moving average of $314.39 and a 200 day simple moving average of $287.97.

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

General Dynamics Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rialto Wealth Management LLC raised its position in shares of General Dynamics by 213.8% during the 1st 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. Inlight Wealth Management LLC bought a new position in General Dynamics in the 1st quarter worth approximately $26,000. Copia Wealth Management bought a new position in General Dynamics in the 4th quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC bought a new position in General Dynamics in the 1st quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new position in General Dynamics in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

GD has been the subject of several research reports. Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the stock a "hold" rating in a report on Wednesday, July 9th. 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. Susquehanna boosted their price target on General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a report on Thursday, July 24th. Robert W. Baird upped their target price on General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Citigroup upped their target price on General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a research note 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. According to data from MarketBeat, General Dynamics presently has a consensus rating of "Hold" and an average target price of $315.78.

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.

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