On September 16, 2024, Peter Wall, Director at General Dynamics Corp (GD, Financial), sold 1,320 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 3,592 shares of General Dynamics Corp.
General Dynamics Corp, a global aerospace and defense company, provides a broad portfolio of products and services in business aviation, ship construction and repair, land combat vehicles, weapons systems, and munitions. The company also delivers information technology, mission support, and intelligence and reconnaissance products and services.
Over the past year, Peter Wall has engaged in multiple transactions involving the company's stock, selling a total of 1,320 shares and purchasing none. This recent sale aligns with a broader trend observed within the company, where there have been 12 insider sells and no insider buys over the past year.
Shares of General Dynamics Corp were priced at $308.05 on the day of the sale. The company's market cap stands at approximately $83.32 billion. The price-earnings ratio is currently 23.65, which is below the industry median of 32.795, indicating a potentially lower valuation relative to its peers.
The stock's valuation can also be assessed through the GF Value, which is set at $275.16, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.12. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and stock valuation. The consistent pattern of insider sales over the past year could suggest various strategic financial decisions at the individual or corporate level.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
