Marguerite Amy Gilliland, Senior Vice President of General Dynamics (NYSE:GD), and more than 10% owner, actively traded shares of the company last week. The corporate insider purchased 27,990 shares worth $5.36 million (exercised her options) and sold 31,976 shares worth $9.18 million.
General Dynamics is a global aerospace and defense company that develops the world’s most technologically advanced business jets, wheeled combat vehicles, command and control systems, and nuclear submarines.
A Closer Look at the Insider’s Transactions
As per the Form 4 filing with the SEC, the corporate insider made multiple trades of GD shares on May 1 and May 2. It is worth noting that following the latest transactions, Gilliland owns 43,772 shares of General Dynamics directly and 787.32 shares through the 401(k) plan.
GD stock currently has a Negative Insider Confidence Signal on TipRanks based on Informative Sells worth $21.9 million undertaken in the last three months.
It is pertinent to keep an eye on the Informative trades of corporate insiders, given their knowledge of a company’s growth potential. Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Is General Dynamics Stock a Good Buy?
In the past year, GD shares have gained 36.8%. Analysts remain bullish on GD stock, as the demand for aerospace and defense offerings continues to grow. With 13 Buys and four Hold ratings, GD stock has a Strong Buy consensus rating on TipRanks. The average General Dynamics price target of $312.94 implies 8.6% upside potential from current levels.
