General Dynamics Corporation (NYSE:GD - Get Free Report) EVP Marguerite Amy Gilliland sold 43,180 shares of General Dynamics stock in a transaction on Friday, July 31st. The shares were sold at an average price of $378.04, for a total transaction of $16,323,767.20. Following the completion of the sale, the executive vice president directly owned 44,767 shares of the company's stock, valued at approximately $16,923,716.68. The trade was a 49.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
General Dynamics Stock Performance
Shares of GD stock opened at $386.07 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $362.36 and a two-hundred day simple moving average of $353.15. General Dynamics Corporation has a 12 month low of $306.77 and a 12 month high of $400.00. The firm has a market capitalization of $104.45 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 2.21 and a beta of 0.33.
General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, beating analysts' consensus estimates of $3.96 by $0.28. The firm had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.
General Dynamics Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 2nd will be given a $1.59 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $6.36 annualized dividend and a yield of 1.6%. General Dynamics's dividend payout ratio (DPR) is presently 38.80%.
Analyst Ratings Changes
Several analysts have recently commented on GD shares. JPMorgan Chase & Co. increased their price objective on General Dynamics from $385.00 to $400.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $384.00 target price on shares of General Dynamics in a research report on Thursday, July 30th. Bank of America increased their price target on General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a research report on Monday, July 6th. Morgan Stanley raised their price objective on General Dynamics from $435.00 to $465.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Finally, Wall Street Zen downgraded shares of General Dynamics from a "strong-buy" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, General Dynamics has a consensus rating of "Moderate Buy" and an average price target of $409.68.
Check Out Our Latest Stock Analysis on GD
Hedge Funds Weigh In On General Dynamics
A number of hedge funds and other institutional investors have recently modified their holdings of GD. Whipplewood Advisors LLC increased its position in shares of 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 acquiring an additional 69 shares during the last quarter. Steph & Co. boosted its position in General Dynamics by 65.2% in the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company's stock worth $26,000 after purchasing an additional 30 shares during the last quarter. Scarborough Advisors LLC bought a new position in General Dynamics in the 1st quarter valued at $29,000. Wilkerson Advisory Group LLC increased its position in shares of General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. Finally, Center for Financial Planning Inc. increased its position in shares of General Dynamics by 220.7% during the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.
General Dynamics Company Profile
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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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