Insider Selling: General Dynamics (NYSE:GD) Director Sells 7,440 Shares of Stock

General Dynamics Corporation (NYSE:GD) Director Robert Steel sold 7,440 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total value of $2,574,612.00. Following the completion of the sale, the director owned 3,096 shares in the company, valued at $1,071,370.80. The trade was a 70.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

General Dynamics Stock Up 0.2%

NYSE:GD traded up $0.54 on Friday, hitting $336.82. 1,456,994 shares of the company’s stock were exchanged, compared to its average volume of 1,290,740. The company has a market cap of $91.13 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.98 and a beta of 0.32. The firm has a 50-day moving average price of $374.06 and a 200-day moving average price of $357.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics Corporation has a 52 week low of $306.77 and a 52 week high of $400.00.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The firm had revenue of $14.09 billion during the quarter, compared to analysts’ expectations of $13.52 billion. During the same quarter last year, the company posted $3.74 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, analysts expect that General Dynamics Corporation will post 16.99 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. General Dynamics’s dividend payout ratio (DPR) is 38.80%.

Institutional Investors Weigh In On General Dynamics

A number of hedge funds have recently added to or reduced their stakes in GD. QRG Capital Management Inc. increased its position in General Dynamics by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 66,370 shares of the aerospace company’s stock valued at $23,511,000 after buying an additional 2,962 shares in the last quarter. State Street Corp increased its stake in General Dynamics by 3.3% during the 2nd quarter. State Street Corp now owns 11,811,099 shares of the aerospace company’s stock valued at $4,183,964,000 after purchasing an additional 374,682 shares in the last quarter. Wellington Altus USA Inc. raised its holdings in shares of General Dynamics by 77.8% in the 2nd quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 35 shares during the last quarter. Talon Private Wealth LLC lifted its position in General Dynamics by 8.0% in the 2nd quarter. Talon Private Wealth LLC now owns 8,138 shares of the aerospace company’s stock valued at $2,883,000 after acquiring an additional 603 shares in the last quarter. Finally, Core Capital Management & Research inc. purchased a new stake in shares of General Dynamics in the second quarter worth approximately $314,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GD has been the topic of a number of analyst reports. Morgan Stanley increased their target price on shares of General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Citigroup lifted their price objective on shares of General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Robert W. Baird set a $430.00 price target on General Dynamics in a report on Thursday, July 30th. Weiss Ratings raised shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada upped their price target on shares of General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $410.84.

General Dynamics Company Profile

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.