General Dynamics Corp (NYSE: GD) is 8.72% 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 $282.02 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $282.31, the stock is -3.87% and -5.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 0.10% at the moment leaves the stock -3.17% off its SMA200. GD registered 15.13% gain for a year compared to 6-month gain of -4.65%. The firm has a 50-day simple moving average (SMA 50) of $299.0664 and a 200-day simple moving average (SMA200) of $291.56284.
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The stock witnessed a -6.44% loss in the last 1 month and extending the period to 3 months gives it a -5.21%, and is 0.81% 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 1.47% over the week and 1.93% over the month.
General Dynamics Corp (GD) has around 111600 employees, a market worth around $77.71B and $46.05B in sales. Current P/E ratio is 21.50 and Fwd P/E is 17.55. Profit margin for the company is 7.90%. Distance from 52-week low is 15.76% and -10.92% from its 52-week high. The company has generated returns on investments over the last 12 months (11.44%).
The EPS is expected to grow by 15.81% this year
2110.0 institutions hold shares in General Dynamics Corp (GD), with institutional investors hold 89.58% of the company’s shares. The shares outstanding are 273.60M, and float is at 273.23M with Short Float at 1.06%. Institutions hold 89.13% 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 Brady Christopher J, the company’s Vice President. SEC filings show that Brady Christopher J sold 5,540 shares of the company’s common stock on Nov 22 ’24 at a price of $280.91 per share for a total of $1.56 million. Following the sale, the insider now owns 20296.0 shares.
Still, SEC filings show that on Sep 16 ’24, Wall Peter A (Director) disposed off 1,320 shares at an average price of $308.05 for $0.41 million. The insider now directly holds 3,592 shares of General Dynamics Corp (GD).
