General Dynamics Corp. (NYSE: GD) is 8.81% higher on its value in year-to-date trading and has touched a low of $202.35 and a high of $280.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GD stock was last observed hovering at around $279.70 in the last trading session, with the day’s gains setting it 2.85%.
Currently trading at $282.55, the stock is 3.07% and 6.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing 1.02% at the moment leaves the stock 17.93% off its SMA200. GD registered 28.48% gain for a year compared to 6-month gain of 26.79%. The firm has a 50-day simple moving average (SMA 50) of $2.05 and a 200-day simple moving average (SMA200) of $16.50.
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The stock witnessed a 5.06% loss in the last 1 month and extending the period to 3 months gives it a 11.74%, and is 2.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.14% over the week and 1.06% over the month.
General Dynamics Corp. (GD) has around 111600 employees, a market worth around $77.41B and $42.27B in sales. Current P/E ratio is 23.49 and Fwd P/E is 17.31. Profit margin for the company is 7.84%. Distance from 52-week low is 39.63% and 0.78% from its 52-week high. The company has generated returns on investments over the last 12 months (10.51%).
General Dynamics Corp. quarterly earnings per share for the current quarter are estimated at $3.22 with sales reaching $10.89B over the same period.The EPS is expected to grow by 21.75% this year, but quarterly earnings will post 10.00% year-over-year. Quarterly sales are estimated to grow 10.20% in year-over-year returns.
1,965 institutions hold shares in General Dynamics Corp. (GD), with institutional investors hold 87.25% of the company’s shares. The shares outstanding are 273.60M, and float is at 272.21M with Short Float at 0.60%. Institutions hold 86.80% of the Float.
The top institutional shareholder in the company is Longview Asset Management, LLC with over 28.29 million shares valued at $6.09 billion. The investor’s holdings represent 10.36% of the GD Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 22.29 million shares valued at $4.8 billion to account for 8.16% of the shares outstanding. The other top investors are Newport Trust Company, LLC which holds 16.44 million shares representing 6.02% and valued at over $3.54 billion, while Blackrock Inc. holds 5.71% of the shares totaling 15.58 million with a market value of $3.35 billion.
General Dynamics Corp. (GD) Insider Activity
The most recent transaction is an insider sale by NOVAKOVIC PHEBE N, the company’s Chairman and CEO. SEC filings show that NOVAKOVIC PHEBE N sold 32,355 shares of the company’s common stock on Jan 29 ’24 at a price of $264.31 per share for a total of $8.55 million. Following the sale, the insider now owns 0.77 million shares.
General Dynamics Corp. disclosed in a document filed with the SEC on Jan 26 ’24 that Roualet Mark C. (Executive Vice President) sold a total of 73,330 shares of the company’s common stock. The trade occurred on Jan 26 ’24 and was made at $264.75 per share for $19.41 million. Following the transaction, the insider now directly holds 0.15 million shares of the GD stock.
Still, SEC filings show that on Oct 30 ’23, Gallopoulos Gregory S (Senior VP, Gen. Counsel, Sec.) disposed off 33,200 shares at an average price of $238.37 for $7.91 million. The insider now directly holds 113,319 shares of General Dynamics Corp. (GD).
