General Dynamics Co. (GD) Insider Sells $2,003,058.16 in Stock

General Dynamics Co. (NYSE:GD) insider John Patrick Casey sold 9,304 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $215.29, for a total transaction of $2,003,058.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of General Dynamics Co. (NYSE:GD) opened at $224.19 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 0.99. The company has a market cap of $66,570.00, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 2.39 and a beta of 0.85. General Dynamics Co. has a 1 year low of $183.72 and a 1 year high of $229.54.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.13. The company had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share. sell-side analysts predict that General Dynamics Co. will post 11.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 19th were given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics’s dividend payout ratio is 33.63%.

A number of research analysts recently commented on GD shares. Stifel Nicolaus boosted their price objective on shares of General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Royal Bank of Canada set a $239.00 price objective on shares of General Dynamics and gave the company a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research downgraded shares of General Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Jefferies Group reaffirmed a “buy” rating and set a $237.00 price objective on shares of General Dynamics in a research report on Monday, January 8th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $238.00 price objective (up from $216.00) on shares of General Dynamics in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. General Dynamics presently has a consensus rating of “Hold” and a consensus target price of $232.09.

A number of hedge funds have recently bought and sold shares of the business. Americafirst Capital Management LLC bought a new stake in shares of General Dynamics during the 2nd quarter worth $1,160,000. Ameritas Investment Partners Inc. boosted its holdings in shares of General Dynamics by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 26,946 shares of the aerospace company’s stock worth $5,337,000 after buying an additional 391 shares during the period. Piedmont Investment Advisors LLC boosted its holdings in shares of General Dynamics by 7.1% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 55,592 shares of the aerospace company’s stock worth $11,013,000 after buying an additional 3,688 shares during the period. National Asset Management Inc. boosted its holdings in shares of General Dynamics by 10.2% during the 2nd quarter. National Asset Management Inc. now owns 4,370 shares of the aerospace company’s stock worth $867,000 after buying an additional 406 shares during the period. Finally, Verition Fund Management LLC boosted its holdings in shares of General Dynamics by 96.4% during the 2nd quarter. Verition Fund Management LLC now owns 2,746 shares of the aerospace company’s stock worth $544,000 after buying an additional 1,348 shares during the period. 87.03% of the stock is owned by institutional investors.

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General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Insider Buying and Selling by Quarter for General Dynamics (NYSE:GD)

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