General Dynamics (NYSE:GD) Stock: Insider Robert Steel Sells 7,440 Shares

Key Points

• Insider sale: General Dynamics director Robert Steel sold 7,440 shares for approximately $2.57 million, reducing his stake by 70.62% to 3,096 shares.
• Strong quarterly results: The aerospace and defense company reported quarterly EPS of $4.24, exceeding estimates of $3.96, while revenue rose 8.1% year over year to $14.09 billion.
• Positive analyst outlook and dividend: Analysts give GD a consensus “Moderate Buy” rating with a $410.84 price target. The company declared a quarterly dividend of $1.59, equivalent to a 1.9% yield.

General Dynamics Corporation (NYSE:GD - Get Free Report) Director Robert Steel sold 7,440 shares of the company's stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the completion of the sale, the director owned 3,096 shares of the company's stock, valued at approximately $1,071,370.80. This trade represents a 70.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

General Dynamics Stock Performance

GD stock traded up $0.54 during trading on Friday, hitting $336.82. The company had a trading volume of 1,456,994 shares, compared to its average volume of 1,290,740. The firm has a 50-day moving average price of $374.06 and a 200-day moving average price of $357.17. General Dynamics Corporation has a 1-year low of $306.77 and a 1-year high of $400.00. The firm has a market cap of $91.13 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.98 and a beta of 0.32. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion for the quarter, compared to analysts' expectations of $13.52 billion. During the same period in the previous year, the company posted $3.74 EPS. General Dynamics's revenue was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, analysts expect that General Dynamics Corporation will post 16.99 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be issued a $1.59 dividend. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. General Dynamics's dividend payout ratio is currently 38.80%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GD. Oxford Financial Group LTD. LLC lifted its holdings in General Dynamics by 1.9% in the second quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company's stock valued at $505,000 after buying an additional 26 shares during the period. Willner & Heller LLC grew its holdings in shares of General Dynamics by 1.4% in the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company's stock valued at $726,000 after buying an additional 28 shares during the period. Meriwether Wealth & Planning LLC grew its stake in General Dynamics by 0.8% in the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company's stock valued at $1,220,000 after acquiring an additional 28 shares during the period. Capital Advisors Inc. OK increased its holdings in shares of General Dynamics by 0.6% in the second quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company's stock worth $1,612,000 after acquiring an additional 29 shares in the last quarter. Finally, Klingman & Associates LLC grew its position in shares of General Dynamics by 3.3% in the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company's stock valued at $326,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings raised General Dynamics from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 1st. Wall Street Zen cut shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Royal Bank Of Canada increased their price target on shares of General Dynamics from $385.00 to $410.00 and gave the company a "sector perform" rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $384.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. Finally, TD Cowen increased their target price on General Dynamics from $390.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $410.84.

About General Dynamics

General Dynamics Corporation NYSE: GD is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.

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