General Dynamics Corporation (NYSE:GD – Get Free Report) CEO Phebe Novakovic sold 51,568 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
General Dynamics Stock Performance
Shares of GD stock traded up $3.64 during trading on Tuesday, reaching $386.07. 1,502,489 shares of the company’s stock were exchanged, compared to its average volume of 1,360,045. General Dynamics Corporation has a twelve month low of $306.77 and a twelve month high of $400.00. The firm’s fifty day moving average price is $361.54 and its 200-day moving average price is $353.01. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $104.45 billion, a PE ratio of 23.56, a PEG ratio of 2.22 and a beta of 0.32.
General Dynamics (NYSE:GD – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same quarter last year, the firm posted $3.74 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 16.97 EPS for the current year.
General Dynamics Dividend Announcement
Wall Street Analyst Weigh In
Several brokerages have issued reports on GD. JPMorgan Chase & Co. raised their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their target price on General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Bank of America increased their target price on General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Robert W. Baird set a $430.00 price target on General Dynamics in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $409.68.
Read Our Latest Research Report on General Dynamics
Institutional Trading of General Dynamics
Institutional investors have recently bought and sold shares of the business. Willner & Heller LLC boosted its stake in General Dynamics by 1.4% in the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock valued at $726,000 after buying an additional 28 shares in the last quarter. Meriwether Wealth & Planning LLC raised its stake in General Dynamics by 0.8% during the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after acquiring an additional 28 shares in the last quarter. Brown Miller Wealth Management LLC lifted its holdings in shares of General Dynamics by 0.3% in the fourth quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company’s stock worth $2,993,000 after acquiring an additional 29 shares during the last quarter. Steph & Co. boosted its stake in shares of General Dynamics by 65.2% in the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 30 shares in the last quarter. Finally, Klingman & Associates LLC grew its holdings in shares of General Dynamics by 3.3% during the 1st quarter. Klingman & Associates LLC now owns 949 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.
About General Dynamics
General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.
Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.
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