General Dynamics Co. (NYSE:GD) Director Leon Rudy F. De Sells 2,570 Shares

General Dynamics Co. (NYSE:GD) Director Leon Rudy F. De sold 2,570 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the sale, the director now owns 5,518 shares in the company, valued at $1,589,184. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

General Dynamics Stock Up 0.7 %

Shares of GD stock opened at $293.37 on Wednesday. General Dynamics Co. has a 1 year low of $202.35 and a 1 year high of $296.50. The stock has a market cap of $80.49 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 1.80 and a beta of 0.67. The business’s fifty day moving average is $283.23 and its 200-day moving average is $264.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter last year, the business posted $2.64 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts expect that General Dynamics Co. will post 14.55 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a dividend yield of 1.94%. General Dynamics’s dividend payout ratio (DPR) is 46.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group increased their price target on General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Argus increased their price target on General Dynamics from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Barclays increased their price target on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Susquehanna raised their target price on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. raised their target price on General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $300.53.

Hedge Funds Weigh In On General Dynamics

Several hedge funds have recently modified their holdings of the company. Lindbrook Capital LLC boosted its stake in shares of General Dynamics by 55.9% during the 3rd quarter. Lindbrook Capital LLC now owns 711 shares of the aerospace company’s stock worth $157,000 after acquiring an additional 255 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of General Dynamics by 0.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,722 shares of the aerospace company’s stock worth $11,650,000 after acquiring an additional 474 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of General Dynamics by 0.7% during the 3rd quarter. Mackenzie Financial Corp now owns 93,570 shares of the aerospace company’s stock worth $20,655,000 after acquiring an additional 683 shares in the last quarter. Cambridge Trust Co. boosted its stake in shares of General Dynamics by 4.1% during the 3rd quarter. Cambridge Trust Co. now owns 1,534 shares of the aerospace company’s stock worth $339,000 after acquiring an additional 60 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in shares of General Dynamics by 12.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 24,452 shares of the aerospace company’s stock worth $5,403,000 after acquiring an additional 2,632 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.