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 firm’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 completion of the transaction, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

General Dynamics Stock Performance

NYSE GD opened at $282.01 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $299.47 and its two-hundred day moving average price is $295.82. General Dynamics Co. has a 1 year low of $243.87 and a 1 year high of $316.90. The firm has a market capitalization of $77.54 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61.

General Dynamics (NYSE:GD) last issued its quarterly earnings data 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 during 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 revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.04 earnings per share. As a group, research analysts anticipate that General Dynamics Co. will post 13.98 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Citigroup raised their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Royal Bank of Canada lifted their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.69.

Hedge Funds Weigh In On General Dynamics

Several institutional investors and hedge funds have recently modified their holdings of GD. Silvercrest Asset Management Group LLC grew its stake in shares of General Dynamics by 10.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,466 shares of the aerospace company’s stock valued at $2,109,000 after acquiring an additional 679 shares in the last quarter. Waverly Advisors LLC grew its stake in General Dynamics by 6.8% during the first quarter. Waverly Advisors LLC now owns 3,606 shares of the aerospace company’s stock worth $1,019,000 after buying an additional 231 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in General Dynamics by 15.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 8,443 shares of the aerospace company’s stock worth $2,385,000 after buying an additional 1,140 shares in the last quarter. California State Teachers Retirement System grew its stake in General Dynamics by 0.5% during the first quarter. California State Teachers Retirement System now owns 378,884 shares of the aerospace company’s stock worth $107,031,000 after buying an additional 1,704 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in General Dynamics by 7.8% during the first quarter. Tidal Investments LLC now owns 4,704 shares of the aerospace company’s stock worth $1,329,000 after buying an additional 340 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.