General Dynamics (NYSE:GD) VP Sells $5,600,280.00 in Stock

Key Points

• William A. Moss, Vice President of General Dynamics Corporation, sold 17,700 shares of stock at an average price of $316.40, reducing their ownership by 51.56%.
• The company announced a quarterly dividend of $1.50 per share, with a total annualized dividend of $6.00, representing a yield of 1.9%.
• General Dynamics reported $3.74 earnings per share for its last quarter, exceeding analyst expectations, with revenue increasing by 8.9% year-over-year.

General Dynamics Corporation (NYSE:GD - Get Free Report) VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the transaction, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

General Dynamics Price Performance

Shares of NYSE GD traded down $1.1580 during mid-day trading on Thursday, reaching $316.3220. The company had a trading volume of 717,450 shares, compared to its average volume of 1,052,458. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The stock has a market cap of $85.09 billion, a PE ratio of 21.23, a P/E/G ratio of 1.95 and a beta of 0.48. The company has a 50-day moving average price of $301.82 and a two-hundred day moving average price of $278.78. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $322.50.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. General Dynamics's payout ratio is currently 40.27%.

Institutional Trading of General Dynamics

A number of institutional investors and hedge funds have recently made changes to their positions in GD. Brighton Jones LLC lifted its position in shares of General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock worth $760,000 after buying an additional 417 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of General Dynamics in the fourth quarter worth about $209,000. GeoWealth Management LLC lifted its position in shares of General Dynamics by 17.8% in the fourth quarter. GeoWealth Management LLC now owns 1,720 shares of the aerospace company's stock worth $453,000 after buying an additional 260 shares during the last quarter. Forum Financial Management LP lifted its position in shares of General Dynamics by 6.6% in the fourth quarter. Forum Financial Management LP now owns 2,177 shares of the aerospace company's stock worth $574,000 after buying an additional 135 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of General Dynamics by 4.9% during the 4th quarter. First Trust Advisors LP now owns 861,800 shares of the aerospace company's stock worth $227,076,000 after purchasing an additional 40,567 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GD. UBS Group lifted their price target on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Barclays lifted their price target on General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. TD Cowen lifted their price target on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Cowen reiterated a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. Finally, Wolfe Research upgraded General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price target on the stock in a report on Thursday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $315.78.

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.