In yesterday’s Wall Street session, General Dynamics Corporation (NYSE:GD) shares traded at $217.18, up 1.16% from the previous session.
25 analysts cover General Dynamics Corporation (NYSE:GD), according to research data. The consensus rating among analysts is ‘Overweight’. GD stock price is now 2.56% away from the 50-day moving average and -5.39% away from the 200-day moving average. The market capitalization of the company currently stands at $59.62B.
The stock has received a hold rating from 6 analysts and a buy rating from 16.
In other news, Malcolm Mark, Director bought 4,700 shares of the company’s stock on May 02. The stock was bought for $1,008,011 at an average price of $214.47. Upon completion of the transaction, the Director now directly owns 4,700 shares in the company, valued at $1.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 27, Vice President Burns Mark Lagrand sold 27,600 shares of the business’s stock. A total of $6,263,323 was realized by selling the stock at an average price of $226.93. This leaves the insider owning 56,909 shares of the company worth $12.36 million. Insiders disposed of 684,281 shares of company stock worth roughly $148.61 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GD stock. A new stake in General Dynamics Corporation shares was purchased by SANDERS CAPITAL, LLC during the first quarter worth $599,994,000. THOMASVILLE NATIONAL BANK invested $13,433,000 in shares of GD during the first quarter. In the first quarter, EASTERLY INVESTMENT PARTNERS LLC acquired a new stake in General Dynamics Corporation valued at approximately $8,269,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in GD for approximately $7,261,000. MARKS GROUP WEALTH MANAGEMENT, INC purchased a new stake in GD valued at around $5,520,000 in the second quarter. In total, there are 1,883 active investors with 86.70% ownership of the company’s stock.
On Tuesday morning General Dynamics Corporation (NYSE: GD) stock kicked off with the opening price of $214.92. During the past 12 months, General Dynamics Corporation has had a low of $202.35 and a high of $256.86. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 1.40, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $69.64B, which is based on a 17.77 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 0.82. The fifty day moving average price for GD is $211.78 and a two-hundred day moving average price translates $229.49 for the stock.
The latest earnings results from General Dynamics Corporation (NYSE: GD) was released for Apr, 2023. According to the Aerospace & Defense Company, earnings per share came in at $2.64, beating analysts’ expectations of $2.59 by 0.05. This compares to $2.61 EPS in the same period last year. The net profit margin was 8.50% and return on equity was 18.70% for GD. The company reported revenue of $9.88 billion for the quarter, compared to $9.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.21 percent. For the current quarter, analysts expect GD to generate $9.46B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/11/2023. Investors who held shares on 07/07/2023 were paid a $1.32 dividend. On an annualized basis, this represents a $5.28 dividend and a 2.43% percent yield. There was an ex-dividend date of 07/06/2023 for this dividend. In terms of dividend payout ratio, GD is presently at 30.60%.
General Dynamics Corporation(GD) Company Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as builds crude oil and product tankers, and container and cargo ships; provides maintenance, modernization, and lifecycle support services for navy ships; offers and program management, planning, engineering, and design support services for submarine construction programs. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, Stryker wheeled combat vehicles, piranha vehicles, weapons systems, munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, armored vehicles, and armaments; and offers modernization programs, engineering, support, and sustainment services. The Technologies segment provides information technology solutions and mission support services; mobile communication, computers, and command-and-control mission systems; intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers; cloud computing, artificial intelligence; machine learning; big data analytics; development, security, and operations; and unmanned undersea vehicle manufacturing and assembly services. The company was founded in 1899 and is headquartered in Reston, Virginia.
