General Dynamics Co. (NYSE:GD) insider S. Daniel Johnson sold 3,933 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $228.79, for a total transaction of $899,831.07. Following the completion of the sale, the insider now directly owns 66,363 shares in the company, valued at approximately $15,183,190.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

General Dynamics Co. (NYSE:GD) opened at $223.35 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40. The firm has a market cap of $66,320.00, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 2.44 and a beta of 0.83. General Dynamics Co. has a one year low of $183.72 and a one year high of $230.00.

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General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.13. The company had revenue of $8.28 billion for 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%. General Dynamics’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 earnings per share. equities analysts expect that General Dynamics Co. will post 11.09 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Shareholders of record on Friday, April 13th will be paid a dividend of $0.93 per share. The ex-dividend date is Thursday, April 12th. This represents a $3.72 dividend on an annualized basis and a yield of 1.67%. This is an increase from General Dynamics’s previous quarterly dividend of $0.84. General Dynamics’s dividend payout ratio (DPR) is currently 33.63%.

A number of large investors have recently bought and sold shares of the business. Bessemer Group Inc. increased its position in shares of General Dynamics by 1,547.5% in the third quarter. Bessemer Group Inc. now owns 27,909 shares of the aerospace company’s stock worth $5,738,000 after acquiring an additional 26,215 shares in the last quarter. Breton Hill Capital Ltd. increased its position in shares of General Dynamics by 24.1% in the third quarter. Breton Hill Capital Ltd. now owns 1,663 shares of the aerospace company’s stock worth $342,000 after acquiring an additional 323 shares in the last quarter. HL Financial Services LLC increased its position in shares of General Dynamics by 6.7% in the third quarter. HL Financial Services LLC now owns 7,039 shares of the aerospace company’s stock worth $1,447,000 after acquiring an additional 440 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in shares of General Dynamics by 33.4% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 24,946 shares of the aerospace company’s stock worth $5,131,000 after acquiring an additional 6,240 shares in the last quarter. Finally, YHB Investment Advisors Inc. increased its position in shares of General Dynamics by 82.9% in the third quarter. YHB Investment Advisors Inc. now owns 6,273 shares of the aerospace company’s stock worth $1,290,000 after acquiring an additional 2,844 shares in the last quarter. 93.41% of the stock is currently owned by institutional investors.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine raised shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Cowen reaffirmed an “outperform” rating and issued a $253.00 price target (up previously from $230.00) on shares of General Dynamics in a report on Monday, February 26th. Morgan Stanley upped their price objective on shares of General Dynamics from $209.00 to $225.00 and gave the company an “underweight” rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada upped their price objective on shares of General Dynamics to $267.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $235.88.

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About General Dynamics

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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