General Dynamics Corporation (NYSE:GD) Director Lester L. Lyles sold 2,551 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $196.01, for a total transaction of $500,021.51. Following the completion of the sale, the director now directly owns 7,336 shares of the company’s stock, valued at $1,437,929.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

General Dynamics Corporation (GD) traded up 0.32% during midday trading on Friday, hitting $202.67. 1,391,515 shares of the stock traded hands. General Dynamics Corporation has a 52-week low of $132.68 and a 52-week high of $205.07. The stock has a 50-day moving average of $197.98 and a 200 day moving average of $187.08. The firm has a market cap of $61.16 billion, a PE ratio of 20.33 and a beta of 0.70.

General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 26th. The aerospace company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.16. The firm had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.70 billion. General Dynamics Corporation had a return on equity of 28.22% and a net margin of 9.66%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $2.08 EPS. Equities analysts forecast that General Dynamics Corporation will post $9.81 EPS for the current year.

Insider Buying and Selling by Quarter for General Dynamics Corporation (NYSE:GD)

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Friday, July 7th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, July 5th. General Dynamics Corporation’s dividend payout ratio is presently 34.60%.

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Several equities analysts recently weighed in on the stock. Vetr raised shares of General Dynamics Corporation from a “sell” rating to a “hold” rating and set a $183.78 target price for the company in a research note on Tuesday, March 21st. Citigroup Inc. cut shares of General Dynamics Corporation from a “buy” rating to a “neutral” rating and set a $202.00 target price for the company. in a research note on Wednesday, March 1st. ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus raised their target price on shares of General Dynamics Corporation from $173.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of General Dynamics Corporation in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $198.98.

A number of hedge funds have recently bought and sold shares of GD. First Eagle Investment Management LLC boosted its stake in General Dynamics Corporation by 96.4% in the third quarter. First Eagle Investment Management LLC now owns 1,780,485 shares of the aerospace company’s stock worth $276,260,000 after buying an additional 873,795 shares in the last quarter. Ngam Advisors L.P. boosted its stake in General Dynamics Corporation by 58.5% in the third quarter. Ngam Advisors L.P. now owns 130,071 shares of the aerospace company’s stock worth $20,182,000 after buying an additional 48,007 shares in the last quarter. United Asset Strategies Inc. boosted its stake in General Dynamics Corporation by 3.5% in the third quarter. United Asset Strategies Inc. now owns 34,418 shares of the aerospace company’s stock worth $5,340,000 after buying an additional 1,151 shares in the last quarter. Redwood Investments LLC boosted its stake in General Dynamics Corporation by 22.5% in the third quarter. Redwood Investments LLC now owns 133,336 shares of the aerospace company’s stock worth $20,688,000 after buying an additional 24,520 shares in the last quarter. Finally, Buffington Mohr McNeal boosted its stake in General Dynamics Corporation by 38.3% in the third quarter. Buffington Mohr McNeal now owns 7,220 shares of the aerospace company’s stock worth $1,120,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 87.21% of the company’s stock.

General Dynamics Corporation Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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