#4 - General Dynamics (NYSE:GD)
General Dynamics Corporation (NYSE: GD) offers world-class products through its portfolio of aerospace, marine systems, combat systems, and technologies. In October 2023 alone, the company received three contracts from the U.S. Navy totaling more than $1.63 billion.
In the company's October 2023 earnings report, General Dynamics reported a record backlog of $95.6 billion. This will fuel further growth for the company while allowing it to continue paying down its debt.
GD stock has a forward P/E ratio of around 19.3x, which is in line with the sector average. Investors are also likely to benefit from the projections for earnings growth of over 18%. That growth may not be fully priced into the stock, which is expected to grow by over 8%.
And investors also get access to a Dividend Aristocrat. General Dynamics has increased its dividend for 32 consecutive years. The dividend yield is currently 2.16% and pays $5.28 per share annually.
About General Dynamics
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.
More about General Dynamics- Current Price
- $276.14
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 13 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $298.59 (8.1% Upside)
