Vice President of $GD sells 8,150 shares in insider sale

Christopher J. Brady, the Vice President of $GD, recently sold 8,150 shares of the company for approximately $2,617,576, representing about 26.3% of their shares in this class. This transaction brings their current ownership to 22,818 shares of $GD stock. This sale is part of a series of insider trades within the company. Over the past six months, $GD insiders have made 25 trades on the open market, with all 25 being sales and no purchases.

Looking at the breakdown of insider trading activity within $GD, we see that various executives have been involved in selling shares. Phebe N. Novakovic, the Chairman, and CEO, has made seven sales, totaling 348,245 shares valued at approximately $101,864,878. Mark LaGrand Burns, the Executive Vice President, has sold 76,420 shares for an estimated $23,918,609. Marguerite Amy Gilliland, another Executive Vice President, has made three sales of 61,302 shares, amounting to roughly $18,134,783. Gregory S. Gallopoulos, the Senior Vice President, General Counsel, and Secretary, has sold 42,230 shares for around $12,000,230. William A. Moss, the Vice President, and Controller, has made two sales, selling 17,700 shares for an estimated $5,600,304. Alongside Christopher J. Brady, David Paddock, another Vice President, sold 6,170 shares for about $1,926,644. Leon Rudy F De has sold 5,490 shares for approximately $1,717,311. Peter A. Wall sold 2,270 shares valued at $710,037, and Mark Malcolm sold 1,210 shares for an estimated $386,038.

Additionally, institutional investors have shown interest in $GD stock, with 948 adding shares to their portfolios and 825 decreasing their positions. Notable moves include GAMMA INVESTING LLC removing 1,238,844 shares from their portfolio, WELLINGTON MANAGEMENT GROUP LLP removing 971,172 shares, and DEUTSCHE BANK AG removing 917,840 shares. On the other hand, AMERIPRISE FINANCIAL INC added 691,340 shares to their holdings. Congressional members have also traded $GD stock in recent months, with Senator Shelley Moore Capito, Senator John Boozman, Representative Robert Bresnahan, and Representative Julie Johnson participating in these transactions.

Analyst ratings for $GD have been positive, with seven firms issuing buy ratings and no sell recommendations. Recent ratings from Barclays, JP Morgan, Citigroup, Susquehanna, Wolfe Research, TD Cowen, and TD Securities all indicate favorable outlooks for the stock. Additionally, several analysts have provided price targets for $GD, with a median target of $343.5. Noteworthy targets set by analysts include David Strauss from Barclays with a $350.0 target price and Peter Arment from Baird with a similar target price. Other analysts from UBS, Susquehanna, JP Morgan, Citigroup, Wolfe Research, and TD Securities have also set optimistic target prices for the stock. It is important to note that this article does not constitute financial advice, and readers are encouraged to refer to Quiver Quantitative’s disclaimers for more information.