General Dynamics Corp (NYSE: GD) is 10.91% higher on its value in year-to-date trading and has touched a low of $243.87 and a high of $316.90 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 $292.42 in the last trading session, with the day’s loss setting it -4.43%.
Currently trading at $287.99, the stock is -4.77% and -4.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.0 million and changing -1.51% at the moment leaves the stock -1.04% off its SMA200. GD registered 17.18% gain for a year compared to 6-month gain of -3.69%. The firm has a 50-day simple moving average (SMA 50) of $302.4338 and a 200-day simple moving average (SMA200) of $291.00754.
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The stock witnessed a -6.57% loss in the last 1 month and extending the period to 3 months gives it a -2.57%, and is -6.94% down 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 3.15% over the week and 1.92% over the month.
General Dynamics Corp (GD) has around 111600 employees, a market worth around $77.99B and $46.05B in sales. Current P/E ratio is 21.93 and Fwd P/E is 17.90. Profit margin for the company is 7.90%. Distance from 52-week low is 18.09% and -9.12% from its 52-week high. The company has generated returns on investments over the last 12 months (11.44%).
with sales reaching $13.49B over the same period.The EPS is expected to grow by 15.81% this year, but quarterly earnings will post 13.24% year-over-year. Quarterly sales are estimated to grow 15.62% in year-over-year returns.
General Dynamics Corp (GD) Top Institutional Holders
2106.0 institutions hold shares in General Dynamics Corp (GD), with institutional investors hold 89.63% of the company’s shares. The shares outstanding are 273.60M, and float is at 273.23M with Short Float at 1.13%. Institutions hold 89.18% of the Float.
The top institutional shareholder in the company is LONGVIEW ASSET MANAGEMENT, LLC with over 28.1 million shares valued at $8.15 billion. The investor’s holdings represent 10.2735% of the GD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 22.13 million shares valued at $6.42 billion to account for 8.093 of the shares outstanding. The other top investors are NEWPORT TRUST CO which holds 15.46 million shares representing 5.6538% and valued at over $4.49 billion, while BLACKROCK INC. holds 5.4424 of the shares totaling 14.88 million with a market value of $4.32 billion.
General Dynamics Corp (GD) Insider Activity
The most recent transaction is an insider sale by Wall Peter A, the company’s Director. SEC filings show that Wall Peter A sold 1,320 shares of the company’s common stock on Sep 16 ’24 at a price of $308.05 per share for a total of $0.41 million. Following the sale, the insider now owns 3592.0 shares.
Still, SEC filings show that on May 21 ’24, Kuryea Kimberly A (Senior Vice President & CFO) disposed off 13,344 shares at an average price of $298.16 for $3.98 million. The insider now directly holds 79,255 shares of General Dynamics Corp (GD).
