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General Dynamics Corp (GD) Stock Could Soon Reward Patient Investors

General Dynamics Corp (NYSE: GD) is -0.05% lower on its value in year-to-date trading and has touched a low of $247.36 and a high of $316.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GD stock was last observed hovering at around $261.01 in the last trading session, with the day’s gains setting it 2.36%.

Currently trading at $263.37, the stock is -0.83% and -6.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 0.90% at the moment leaves the stock -9.46% off its SMA200. GD registered 2.66% gain for a year compared to 6-month loss of -6.50%. The firm has a 50-day simple moving average (SMA 50) of $282.3128 and a 200-day simple moving average (SMA200) of $290.89575.

The stock witnessed a -5.06% gain in the last 1 month and extending the period to 3 months gives it a -12.10%, and is -1.28% 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 1.49% over the week and 1.76% over the month.

General Dynamics Corp (GD) has around 111600 employees, a market worth around $73.07B and $46.05B in sales. Current P/E ratio is 20.05 and Fwd P/E is 16.51. Profit margin for the company is 7.90%. Distance from 52-week low is 6.47% and -16.89% 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 14.73% this year.

General Dynamics Corp (GD) Top Institutional Holders

2105.0 institutions hold shares in General Dynamics Corp (GD), with institutional investors hold 89.57% of the company’s shares. The shares outstanding are 274.97M, and float is at 273.24M with Short Float at 1.28%. Institutions hold 89.12% 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).

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