Investors purchased shares of General Dynamics Co. (NYSE:GD) on weakness during trading hours on Wednesday following insider selling activity. $72.71 million flowed into the stock on the tick-up and $41.42 million flowed out of the stock on the tick-down, for a money net flow of $31.29 million into the stock. Of all stocks tracked, General Dynamics had the 27th highest net in-flow for the day. General Dynamics traded down ($0.87) for the day and closed at $193.84Specifically, insider John Patrick Casey sold 22,500 shares of General Dynamics stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $193.28, for a total value of $4,348,800.00. Following the completion of the sale, the insider now directly owns 118,555 shares in the company, valued at $22,914,310.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider S. Daniel Johnson sold 77,810 shares of General Dynamics stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $199.85, for a total value of $15,550,328.50. Following the completion of the sale, the insider now owns 99,333 shares of the company’s stock, valued at $19,851,700.05. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Several analysts recently weighed in on the company. Cowen restated a “buy” rating and issued a $253.00 price objective on shares of General Dynamics in a report on Monday. Zacks Investment Research downgraded General Dynamics from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Drexel Hamilton restated a “buy” rating and issued a $230.00 price objective on shares of General Dynamics in a report on Thursday, August 16th. UBS Group assumed coverage on General Dynamics in a report on Wednesday, August 15th. They issued a “neutral” rating and a $210.00 price objective for the company. Finally, Bank of America set a $275.00 price objective on General Dynamics and gave the company a “buy” rating in a report on Tuesday, July 31st. Three analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $241.12.

The firm has a market capitalization of $60.81 billion, a P/E ratio of 19.28, a PEG ratio of 1.64 and a beta of 0.77. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 25th. The aerospace company reported $2.82 EPS for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.33. The business had revenue of $9.19 billion during the quarter, compared to the consensus estimate of $9.09 billion. General Dynamics had a net margin of 9.16% and a return on equity of 27.06%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 earnings per share. Equities analysts expect that General Dynamics Co. will post 11.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 5th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $3.72 dividend on an annualized basis and a yield of 1.95%. General Dynamics’s dividend payout ratio is presently 37.39%.

Institutional investors have recently made changes to their positions in the business. Adirondack Trust Co. increased its holdings in shares of General Dynamics by 20.0% during the second quarter. Adirondack Trust Co. now owns 1,600 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 267 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of General Dynamics by 1.0% during the third quarter. Pittenger & Anderson Inc. now owns 26,283 shares of the aerospace company’s stock valued at $5,381,000 after acquiring an additional 267 shares in the last quarter. Bigelow Investment Advisors LLC increased its holdings in shares of General Dynamics by 6.0% during the second quarter. Bigelow Investment Advisors LLC now owns 4,751 shares of the aerospace company’s stock valued at $886,000 after acquiring an additional 268 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of General Dynamics by 1.0% during the second quarter. Oppenheimer & Co. Inc. now owns 27,116 shares of the aerospace company’s stock valued at $5,054,000 after acquiring an additional 275 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. increased its holdings in shares of General Dynamics by 15.0% during the third quarter. Westbourne Investment Advisors Inc. now owns 2,110 shares of the aerospace company’s stock valued at $432,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

About General Dynamics (NYSE:GD)

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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