Rep. Jonathan L. Jackson Sells General Dynamics Shares

Recently, Representative Jonathan L. Jackson, a Democrat from Illinois, sold shares of General Dynamics Co. (NYSE: GD). In a filing revealed on January 16, 2024, it was stated that he sold between $15,001 and $50,000 worth of General Dynamics stock on December 16, 2023. This transaction took place from the "MORGAN STANLEY TRUST ACCOUNT".

The sales included various trades by the Representative. Notably, he also purchased shares from other companies, such as O'Reilly Automotive (NASDAQ: ORLY) and Meta Platforms (NASDAQ: META), along with selling stocks from TIM (NYSE: TIMB) and Regeneron Pharmaceuticals (NASDAQ: REGN).

General Dynamics Stock Performance

On the trading day following these disclosures, General Dynamics stock saw a decrease of $1.97, bringing the share price down to $266.86. The total trading volume was 1,543,957 shares, compared to an average volume of 1,419,689 shares. General Dynamics has a market capitalization of $73.38 billion and a P/E ratio of 20.32. Over the past year, the stock reached a low of $247.36 and a high of $316.90, with a 50-day moving average of $273.71.

Recent Earnings and Dividend Announcement

General Dynamics reported its earnings on October 23, revealing earnings per share (EPS) of $3.35 for the quarter. This fell short of analysts' expectations of $3.48 by $0.13. Revenue for the quarter was reported at $11.67 billion, slightly above the anticipated $11.65 billion, representing a 10.4% increase in revenue year-over-year. Moreover, the company announced a quarterly dividend of $1.42 per share, set to be distributed on February 7, 2024, to shareholders on record as of January 17, 2024.

Institutional Trading and Analyst Ratings

Recent trading activity in General Dynamics has been influenced by institutional investors. For instance, Fifth Third Wealth Advisors LLC increased its stake in General Dynamics by 67.6% in the third quarter. Analysts' ratings vary, with several firms adjusting their price targets and outlooks for the stock. Susquehanna and Goldman Sachs have both recently altered their ratings and price targets for General Dynamics, reflecting the mixed sentiments among analysts regarding the company's future performance.

About Representative Jonathan L. Jackson

Representative Jonathan L. Jackson is serving Illinois' 1st Congressional District and took office on January 3, 2023. He holds an MBA from Northwestern University and has experience as an investment analyst and entrepreneur. He is also seeking re-election for another term.

Overview of General Dynamics Corporation

General Dynamics Corporation is a major player in the aerospace and defense sector, operating in multiple segments including Aerospace, Marine Systems, Combat Systems, and Technologies. This diversification helps the company maintain a strong presence and adaptability in the defense industry.

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