General Dynamics (NYSE:GD) VP Sells $6,818,971.20 in Stock

General Dynamics Corporation (NYSE:GD) VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the transaction, the vice president owned 36,644 shares in the company, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

General Dynamics Trading Up 0.8%

Shares of NYSE GD traded up $2.73 during mid-day trading on Thursday, hitting $339.14. The stock had a trading volume of 396,890 shares, compared to its average volume of 1,315,465. The firm has a market cap of $91.61 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.68 and a beta of 0.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The business has a 50 day moving average price of $340.67 and a two-hundred day moving average price of $320.11. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50.

General Dynamics (NYSE:GD) last posted its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same period in the prior year, the business posted $3.35 earnings per share. General Dynamics’s revenue for the quarter was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is presently 38.89%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of General Dynamics by 118.3% in the third quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock valued at $567,372,000 after buying an additional 901,679 shares during the period. Northern Trust Corp increased its holdings in shares of General Dynamics by 35.0% in the third quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock valued at $1,136,525,000 after purchasing an additional 863,392 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of General Dynamics by 3,306.5% during the 3rd quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock worth $297,029,000 after buying an additional 845,482 shares during the period. Ameriprise Financial Inc. grew its position in shares of General Dynamics by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after buying an additional 709,782 shares during the period. Finally, Vanguard Group Inc. raised its stake in General Dynamics by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock worth $8,265,349,000 after buying an additional 677,665 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of analyst reports. Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a research note on Monday, October 27th. JPMorgan Chase & Co. increased their price target on shares of General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Argus increased their target price on shares of General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. UBS Group boosted their price objective on General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, BNP Paribas Exane assumed coverage on shares of General Dynamics in a research report on Tuesday, November 18th. They set an “outperform” rating and a $410.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $358.25.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.