General Dynamics Corporation (NYSE:GD - Get Free Report) VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the completion of the sale, the vice president directly owned 7,936 shares of the company's stock, valued at $2,767,997.44. The trade was a 35.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
General Dynamics Price Performance
Shares of NYSE:GD opened at $342.50 on Wednesday. The company has a market cap of $92.61 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.08 and a beta of 0.41. The business has a fifty day simple moving average of $350.89 and a 200-day simple moving average of $338.83. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $369.70. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27.
General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The firm had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. During the same period last year, the company earned $4.15 EPS. The firm's quarterly revenue was up 7.8% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.
General Dynamics Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 16th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics's dividend payout ratio is 38.83%.
Hedge Funds Weigh In On General Dynamics
A number of institutional investors and hedge funds have recently bought and sold shares of GD. Dunhill Financial LLC grew its holdings in General Dynamics by 620.0% during the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 62 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of General Dynamics during the third quarter valued at about $25,000. Dagco Inc. purchased a new stake in shares of General Dynamics during the fourth quarter worth about $25,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of General Dynamics in the third quarter worth about $26,000. Finally, Burkett Financial Services LLC grew its stake in General Dynamics by 650.0% during the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.
Wall Street Analysts Forecast Growth
GD has been the subject of a number of research analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of General Dynamics in a report on Thursday, January 22nd. TD Cowen upped their price target on General Dynamics from $370.00 to $390.00 and gave the stock a "buy" rating in a research note on Wednesday, January 14th. Susquehanna restated a "positive" rating and issued a $420.00 price objective on shares of General Dynamics in a report on Thursday, January 15th. Citigroup boosted their target price on General Dynamics from $371.00 to $389.00 and gave the stock a "neutral" rating in a report on Tuesday, January 13th. Finally, Morgan Stanley lifted their price target on shares of General Dynamics from $408.00 to $410.00 and gave the company an "overweight" rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $375.47.
Check Out Our Latest Research Report on General Dynamics
General Dynamics Company Profile
(
Get Free Report)
General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.
Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.
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