Mark Lagrand Burns Sells 10,153 Shares of General Dynamics (NYSE:GD) Stock

General Dynamics Corporation (NYSE:GD) EVP Mark Lagrand Burns sold 10,153 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $354.95, for a total transaction of $3,603,807.35. Following the completion of the transaction, the executive vice president owned 38,975 shares in the company, valued at $13,834,176.25. This represents a 20.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

General Dynamics Trading Down 1.1%

Shares of NYSE:GD traded down $3.93 during midday trading on Friday, hitting $351.30. 984,943 shares of the stock traded hands, compared to its average volume of 1,404,931. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $356.20 and its two-hundred day moving average is $343.33. The stock has a market capitalization of $94.99 billion, a PE ratio of 22.74, a P/E/G ratio of 2.11 and a beta of 0.39. General Dynamics Corporation has a one year low of $239.20 and a one year high of $369.70.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.06. The company had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.General Dynamics’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 10th will be given a dividend of $1.59 per share. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, April 10th. General Dynamics’s dividend payout ratio is presently 38.83%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $398.00 price objective on shares of General Dynamics in a research report on Monday, January 12th. Bank of America restated a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research report on Friday, January 30th. Citigroup upped their price target on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. BNP Paribas Exane decreased their price objective on General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $376.26.

Institutional Investors Weigh In On General Dynamics

Institutional investors have recently modified their holdings of the stock. World Investment Advisors increased its holdings in shares of General Dynamics by 12.1% during the fourth quarter. World Investment Advisors now owns 23,413 shares of the aerospace company’s stock valued at $7,882,000 after acquiring an additional 2,526 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in General Dynamics in the 4th quarter worth about $124,000. Eos Management L.P. grew its position in General Dynamics by 12.9% during the 4th quarter. Eos Management L.P. now owns 5,061 shares of the aerospace company’s stock valued at $1,704,000 after purchasing an additional 580 shares during the last quarter. Meadowbrook Advisors Group LLC bought a new stake in General Dynamics during the 4th quarter valued at about $2,377,000. Finally, Advisortrust Partners LLC purchased a new position in General Dynamics in the fourth quarter worth about $334,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Company Profile

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.