Rep. Jonathan L. Jackson Sells General Dynamics Co. Shares

Representative Jonathan L. Jackson, a Democrat from Illinois, has recently sold shares of General Dynamics Co. (NYSE: GD). According to a filing made public on January 16th, Representative Jackson disclosed that he sold a portion of his General Dynamics stock worth between $15,001 and $50,000 on December 16th. This transaction was executed through the account labeled "MORGAN STANLEY TRUST ACCOUNT."

In addition to the General Dynamics sale, Representative Jackson has also engaged in several other transactions recently:

• On December 16, 2024, he purchased shares of O'Reilly Automotive (NASDAQ: ORLY) valued between $15,001 - $50,000.
• On December 9, 2024, he bought between $1,001 - $15,000 in shares of Meta Platforms (NASDAQ: META) and sold shares of TIM (NYSE: TIMB) valued between $15,001 - $50,000.
• On November 27, 2024, he bought shares of Amazon.com (NASDAQ: AMZN) valued between $15,001 - $50,000, and sold shares of Applied Materials (NASDAQ: AMAT) worth between $15,001 - $50,000.
• Earlier, on November 13, 2024, he sold shares of Regeneron Pharmaceuticals (NASDAQ: REGN) valued between $15,001 - $50,000 while purchasing shares of Church & Dwight (NYSE: CHD) also in the same range.
• Representative Jackson made multiple other trades including buying and selling Regeneron Pharmaceuticals on November 1, 2024, and shares of Salesforce (NYSE: CRM) on October 28, 2024.

General Dynamics Price Overview

As of the last trading session, General Dynamics' stock decreased by $1.97, bringing it down to $266.86. During trading, about 1,543,957 shares changed hands, which is higher than the average volume of 1,419,689 shares. The company has a market capitalization of approximately $73.38 billion. Its current ratio stands at 1.32, while the quick ratio is at 0.80, indicating a solid liquidity position. General Dynamics has seen a price-to-earnings (P/E) ratio of 20.32 and a beta value of 0.61, suggesting relatively lower volatility as compared to the market.

Over the past year, General Dynamics' stock has fluctuated between a low of $247.36 and a high of $316.90. The 50-day moving average is recorded at $273.71, while the 200-day moving average is at $288.32.

Earnings Report and Dividend Announcement

General Dynamics released its earnings results on October 23rd, reporting earnings per share (EPS) of $3.35, slightly missing analysts' expectations of $3.48. The company's revenue stood at $11.67 billion for that quarter, surpassing analyst predictions of $11.65 billion. In the previous year, the same quarter recorded an EPS of $3.04, indicating a year-over-year EPS increase.

The company also announced a quarterly dividend that shareholders can expect to receive on February 7th, amounting to $1.42 per share. This results in an annual dividend of $5.68, yielding approximately 2.13% for investors.

Share Repurchase Program

Furthermore, General Dynamics' Board of Directors has authorized a stock buyback program allowing the company to repurchase up to 10 million shares. Such initiatives often indicate that management believes that the company's shares are undervalued.

Institutional Investor Activity

Recent changes in ownership among institutional investors have been noted, with several firms increasing their stakes. For example, Fifth Third Wealth Advisors significantly raised its position in General Dynamics by 67.6%. Another firm, Olstein Capital Management, also increased its share purchases by 36.4%.

Analyst Ratings

General Dynamics has received mixed ratings from analysts recently. Some firms have adjusted their price targets downward, while others maintain a hold rating. Analysts' recommendations for the stock suggest an average target price of about $304.53.

Representative Jonathan L. Jackson Background

Jonathan L. Jackson has represented Illinois' 1st Congressional District in the U.S. House since January 3, 2023. His current term is set to end on January 3, 2025. Jackson is an investor and entrepreneur by background, having completed his M.B.A. degree from Northwestern University. He is actively campaigning for re-election in 2024.

About General Dynamics Corporation

General Dynamics is a leading aerospace and defense company with operations across multiple segments, including Aerospace, Marine Systems, Combat Systems, and Technologies. It primarily focuses on business jets, aircraft management services, and various defense technologies.

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