General Dynamics Corp (NYSE: GD) is -2.49% lower on its value in year-to-date trading and has touched a low of $247.01 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 $251.45 in the last trading session, with the day’s gains setting it 5.48%.
Currently trading at $256.93, the stock is -2.55% and -4.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.21 million and changing 2.18% at the moment leaves the stock -11.08% off its SMA200. GD registered -2.96% loss for a year compared to 6-month loss of -12.31%. The firm has a 50-day simple moving average (SMA 50) of $269.7966 and a 200-day simple moving average (SMA200) of $289.0944.
The stock witnessed a -3.46% gain in the last 1 month and extending the period to 3 months gives it a -15.46%, and is -4.33% 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 2.72% over the week and 1.94% over the month.
General Dynamics Corp (GD) has around 111600 employees, a market worth around $70.65B and $47.72B in sales. Current P/E ratio is 18.84 and Fwd P/E is 15.10. Profit margin for the company is 7.93%. Distance from 52-week low is 4.02% and -18.92% from its 52-week high. The company has generated returns on investments over the last 12 months (12.90%).
with sales reaching $11.84B over the same period.The EPS is expected to grow by 12.77% this year, but quarterly earnings will post 5.40% year-over-year. Quarterly sales are estimated to grow 10.37% in year-over-year returns.
2088.0 institutions hold shares in General Dynamics Corp (GD), with institutional investors hold 89.62% of the company’s shares. The shares outstanding are 274.97M, and float is at 273.24M with Short Float at 1.06%. Institutions hold 89.17% 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).
