General Dynamics (NYSE:GD) EVP Mark Lagrand Burns Sells 36,230 Shares

General Dynamics Corporation (NYSE:GD) EVP Mark Lagrand Burns sold 36,230 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $343.49, for a total value of $12,444,642.70. Following the transaction, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,387,522.75. This trade represents a 48.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mark Lagrand Burns also recently made the following trade(s):

• On Tuesday, May 12th, Mark Lagrand Burns sold 36,480 shares of General Dynamics stock. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20.
• On Wednesday, March 11th, Mark Lagrand Burns sold 10,153 shares of General Dynamics stock. The stock was sold at an average price of $354.95, for a total value of $3,603,807.35.

General Dynamics Price Performance

Shares of NYSE GD opened at $341.31 on Thursday. The business’s 50 day moving average price is $344.70 and its two-hundred day moving average price is $346.83. The company has a market cap of $92.30 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.15 and a beta of 0.34. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. General Dynamics Corporation has a twelve month low of $267.39 and a twelve month high of $369.70.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.43. The firm had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $12.70 billion. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.66 earnings per share. On average, analysts predict that General Dynamics Corporation will post 16.62 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 10th were issued a dividend of $1.59 per share. This is a boost from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, April 10th. General Dynamics’s dividend payout ratio is presently 40.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded General Dynamics from a “buy” rating to a “strong-buy” rating in a report on Sunday. DA Davidson reduced their price objective on General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. BNP Paribas Exane reduced their price objective on General Dynamics from $430.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Bank of America restated a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a report on Friday, January 30th. Finally, Wells Fargo & Company initiated coverage on General Dynamics in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $388.20.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Dunhill Financial LLC increased its holdings in General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in General Dynamics in the third quarter valued at $25,000. Dagco Inc. acquired a new stake in General Dynamics in the fourth quarter valued at $25,000. Whipplewood Advisors LLC increased its holdings in General Dynamics by 1,725.0% in the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 69 shares during the period. Finally, Burkett Financial Services LLC increased its holdings in General Dynamics by 650.0% in the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Key Stories Impacting General Dynamics

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: General Dynamics Information Technology (GDIT) announced a new partnership with NightDragon to accelerate U.S. government adoption of emerging AI and cybersecurity technologies, which could support future federal contract growth and reinforce the company’s positioning in secure-tech markets. Article Title
• Neutral Sentiment: Two separate filings showed EVP Mark Lagrand Burns sold a combined 72,710 shares on May 11 and May 12 at prices around $343 to $345 per share. Insider selling can weigh on sentiment, but the trades do not necessarily indicate a change in the company’s fundamentals. Article Title
• Negative Sentiment: Market commentary around the GDIT-NightDragon deal noted that General Dynamics shares fell after the announcement, suggesting investors may be treating the news as incremental rather than a near-term catalyst. Article Title

About General Dynamics

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.