General Dynamics Co. (NYSE:GD) VP Christopher J. Brady Sells 5,540 Shares

General Dynamics Co. (NYSE:GD) VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now owns 20,296 shares in the company, valued at $5,701,349.36. This represents a 21.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

General Dynamics Stock Up 0.1 %

Shares of NYSE:GD opened at $282.31 on Thursday. General Dynamics Co. has a 1 year low of $243.87 and a 1 year high of $316.90. The company has a market capitalization of $77.63 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. The business has a fifty day moving average price of $299.07 and a two-hundred day moving average price of $295.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. General Dynamics’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.04 EPS. Analysts forecast that General Dynamics Co. will post 13.98 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on GD. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada lifted their price target on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Seaport Res Ptn downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Barclays lifted their price objective on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Susquehanna upped their target price on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

Institutional Investors Weigh In On General Dynamics

Several large investors have recently modified their holdings of the stock. MFA Wealth Advisors LLC lifted its stake in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the last quarter. Hara Capital LLC purchased a new position in shares of General Dynamics during the 3rd quarter valued at $26,000. New Covenant Trust Company N.A. bought a new position in shares of General Dynamics during the 1st quarter worth $29,000. American Capital Advisory LLC purchased a new stake in General Dynamics in the 2nd quarter worth about $29,000. Finally, Lowe Wealth Advisors LLC bought a new stake in General Dynamics in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

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.