General Dynamics (NYSE:GD) EVP Mark Lagrand Burns Sells 36,230 Shares

Key Points

  • EVP Mark Lagrand Burns sold 36,230 General Dynamics shares on May 11 at an average price of $343.49, totaling about $12.4 million. After the sale, he still held 38,975 shares, and the transaction cut his ownership by roughly 48%.
  • General Dynamics recently beat Wall Street’s quarterly expectations, posting $4.10 EPS on revenue of $13.48 billion versus estimates of $3.67 EPS and $12.70 billion in revenue. Revenue rose 10.3% year over year, and the company remains on track for strong full-year earnings expectations.
  • The company raised its quarterly dividend to $1.59 per share from $1.50, bringing the annualized payout to $6.36 and a yield of about 1.9%. Meanwhile, analysts maintain a Moderate Buy consensus, though some recently trimmed price targets.

General Dynamics Corporation (NYSE:GD - Get Free Report) EVP Mark Lagrand Burns sold 36,230 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $343.49, for a total value of $12,444,642.70. Following the sale, the executive vice president owned 38,975 shares of the company's stock, valued at approximately $13,387,522.75. The trade was a 48.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Mark Lagrand Burns also recently made the following trade(s):

  • On Tuesday, May 12th, Mark Lagrand Burns sold 36,480 shares of General Dynamics stock. The shares were sold at an average price of $345.29, for a total value of $12,596,179.20.
  • On Wednesday, March 11th, Mark Lagrand Burns sold 10,153 shares of General Dynamics stock. The shares were sold at an average price of $354.95, for a total value of $3,603,807.35.

General Dynamics Price Performance

Shares of NYSE GD opened at $341.31 on Thursday. General Dynamics Corporation has a fifty-two week low of $267.39 and a fifty-two week high of $369.70. The stock has a market cap of $92.30 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 2.15 and a beta of 0.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.38. The firm's 50-day simple moving average is $344.70 and its 200 day simple moving average is $346.83.




General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.67 by $0.43. The firm had revenue of $13.48 billion for the quarter, compared to analysts' expectations of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The company's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.66 EPS. As a group, research analysts anticipate that General Dynamics Corporation will post 16.62 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 10th were issued a $1.59 dividend. This is a boost from General Dynamics's previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Friday, April 10th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. General Dynamics's payout ratio is presently 40.03%.

Trending Headlines about General Dynamics

Here are the key news stories impacting General Dynamics this week:

  • Positive Sentiment: General Dynamics Information Technology (GDIT) announced a new partnership with NightDragon to accelerate U.S. government adoption of emerging AI and cybersecurity technologies, which could support future federal contract growth and reinforce the company’s positioning in secure-tech markets. Article Title
  • Neutral Sentiment: Two separate filings showed EVP Mark Lagrand Burns sold a combined 72,710 shares on May 11 and May 12 at prices around $343 to $345 per share. Insider selling can weigh on sentiment, but the trades do not necessarily indicate a change in the company’s fundamentals. Article Title
  • Negative Sentiment: Market commentary around the GDIT-NightDragon deal noted that General Dynamics shares fell after the announcement, suggesting investors may be treating the news as incremental rather than a near-term catalyst. Article Title

Institutional Trading of General Dynamics

Institutional investors have recently added to or reduced their stakes in the business. Dunhill Financial LLC boosted its position in General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company's stock valued at $25,000 after buying an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in General Dynamics during the third quarter valued at about $25,000. Whipplewood Advisors LLC boosted its position in General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock valued at $25,000 after buying an additional 69 shares during the period. Dagco Inc. purchased a new stake in General Dynamics during the fourth quarter valued at about $25,000. Finally, Burkett Financial Services LLC boosted its position in General Dynamics by 650.0% during the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company's stock valued at $26,000 after buying an additional 65 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GD shares. The Goldman Sachs Group lowered their price target on shares of General Dynamics from $327.00 to $313.00 and set a "sell" rating on the stock in a report on Monday, May 4th. Citigroup lowered their target price on shares of General Dynamics from $389.00 to $380.00 and set a "neutral" rating on the stock in a report on Wednesday, April 1st. JPMorgan Chase & Co. increased their target price on General Dynamics from $385.00 to $400.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Jefferies Financial Group reduced their target price on General Dynamics from $385.00 to $380.00 and set a "hold" rating for the company in a report on Tuesday, April 7th. Finally, Bank of America reaffirmed a "buy" rating and set a $400.00 target price on shares of General Dynamics in a report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, General Dynamics presently has an average rating of "Moderate Buy" and a consensus target price of $388.20.

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About General Dynamics

(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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