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

General Dynamics Co. (NYSE:GD) VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the sale, the vice president now owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

General Dynamics Stock Performance

NYSE:GD opened at $282.31 on Thursday. The stock’s 50-day moving average is $299.07 and its 200-day moving average is $295.72. The stock has a market cap of $77.63 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61. General Dynamics Co. has a 1-year low of $243.87 and a 1-year high of $316.90. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32.

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

Analyst Ratings Changes

Several brokerages have weighed in on GD. TD Cowen raised General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Sanford C. Bernstein decreased their target price on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a report on Friday, November 1st. Citigroup increased their price target on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company upped their target price on General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average price target of $323.69.

Institutional Investors Weigh In On General Dynamics

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MFA Wealth Advisors LLC boosted its position in General Dynamics by 241.7% during the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares during the last quarter. Hara Capital LLC acquired a new position in shares of General Dynamics in the 3rd quarter valued at about $26,000. New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics during the 1st quarter valued at about $29,000. American Capital Advisory LLC acquired a new stake in General Dynamics during the second quarter worth approximately $29,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in General Dynamics during the third quarter worth approximately $30,000. Institutional investors and hedge funds 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.