General Dynamics Corp. (NYSE:GD) Director John Keane sold 5,550 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $86.28, for a total value of $478,854.00. Following the completion of the sale, the director now directly owns 6,299 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on GD shares. Analysts at Zacks reiterated a “neutral” rating on shares of General Dynamics Corp. (NYSE:GD) in a research note to investors on Friday, September 6th. They now have a $89.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of General Dynamics Corp. (NYSE:GD) from $84.00 to $100.00 in a research note to investors on Friday, August 16th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of General Dynamics Corp. (NYSE:GD) from $87.00 to $100.00 in a research note to investors on Monday, August 12th. They now have an “overweight” rating on the stock.
One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $92.29.
General Dynamics Corp. (NYSE:GD) traded up 1.30% on Monday, hitting $88.259. 422,598 shares of the company’s stock traded hands. General Dynamics Corp. has a 1-year low of $61.70 and a 1-year high of $87.85. The stock has a 50-day moving average of $85.3 and a 200-day moving average of $77.2. The company’s market cap is $30.989 billion.
General Dynamics Corp. (NYSE:GD) last announced its earnings results on Wednesday, July 24th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.19. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.73 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that General Dynamics Corp. will post $6.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, October 11th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Wednesday, October 9th.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology.