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Malcolm Mark sells General Dynamics (GD) shares for $1m

Published 16/09/2025, 19:16
Malcolm Mark sells General Dynamics (GD) shares for $1m
GD
0.75%

Director Malcolm Mark of General Dynamics CORP (NYSE:GD) sold 3,220 shares of common stock on September 12, 2025, for a total of $1,060,829. The sales prices ranged from $329.38 to $329.53, with the stock trading near its 52-week high of $330.18. According to InvestingPro data, General Dynamics maintains a market capitalization of $88.44 billion and trades at a P/E ratio of 22.07.

On the same day, Mark also exercised options to acquire 3,220 shares of General Dynamics stock at a price of $135.85, for a total value of $437,437. These options became exercisable in two tranches, the first half on March 2, 2018, and the remaining half on March 2, 2019. InvestingPro analysis reveals the stock demonstrates notably low volatility with a beta of 0.51. Discover 10+ additional exclusive insights and detailed valuation metrics with an InvestingPro subscription.

Following these transactions, Mark directly owns 10,186 shares of General Dynamics.

In other recent news, General Dynamics has secured multiple contracts with the U.S. Department of Defense. The company was awarded a significant $322.6 million contract modification for submarine support services through its Electric Boat division. Additionally, General Dynamics Mission Systems received a $91.2 million contract for submarine tethered expendable buoy systems and a $35 million contract modification for the Littoral Combat Ship program. These contracts involve various engineering, technical, and production services.

In financial developments, TD Cowen maintained its Buy rating for General Dynamics, keeping the price target at $340. The firm highlighted the stable delivery timeline for Gulfstream aircraft. Furthermore, General Dynamics announced a quarterly dividend of $1.50 per share, payable on November 14, 2025, to shareholders of record as of October 10, 2025. These recent developments reflect General Dynamics’ ongoing engagements and financial activities.

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