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NYSE:GD

General Dynamics (GD) Stock Price, News & Analysis

General Dynamics logo
$263.64 +3.36 (+1.29%)
(As of 12/20/2024 05:45 PM ET)

About General Dynamics Stock (NYSE:GD)

Key Stats

Today's Range
$257.80
$267.44
50-Day Range
$260.28
$313.97
52-Week Range
$247.36
$316.90
Volume
3.52 million shs
Average Volume
1.17 million shs
Market Capitalization
$72.49 billion
P/E Ratio
20.08
Dividend Yield
2.15%
Price Target
$314.88
Consensus Rating
Hold

Company Overview

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. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as builds crude oil and product tankers, and container and cargo ships; provides maintenance, modernization, and lifecycle support services for navy ships; offers and program management, planning, engineering, and design support services for submarine construction programs. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, Stryker wheeled combat vehicles, piranha vehicles, weapons systems, munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, armored vehicles, and armaments; and offers modernization programs, engineering, support, and sustainment services. The Technologies segment provides information technology solutions and mission support services; mobile communication, computers, and command-and-control mission systems; intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers; cloud computing, artificial intelligence; machine learning; big data analytics; development, security, and operations; and unmanned undersea vehicle manufacturing and assembly services. The company was founded in 1899 and is headquartered in Reston, Virginia.

General Dynamics Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

GD MarketRank™: 

General Dynamics scored higher than 96% of companies evaluated by MarketBeat, and ranked 7th out of 54 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    General Dynamics has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 8 buy ratings, 9 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    General Dynamics has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about General Dynamics' stock forecast and price target.
  • Earnings Growth

    Earnings for General Dynamics are expected to grow by 15.93% in the coming year, from $13.87 to $16.08 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of General Dynamics is 20.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.36.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of General Dynamics is 20.08, which means that it is trading at a less expensive P/E ratio than the Aerospace sector average P/E ratio of about 36.91.

  • Price to Earnings Growth Ratio

    General Dynamics has a PEG Ratio of 1.63. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    General Dynamics has a P/B Ratio of 3.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.21% of the float of General Dynamics has been sold short.
  • Short Interest Ratio / Days to Cover

    General Dynamics has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in General Dynamics has recently increased by 13.75%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    General Dynamics pays a meaningful dividend of 2.17%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    General Dynamics has been increasing its dividend for 33 years.

  • Dividend Coverage

    The dividend payout ratio of General Dynamics is 43.26%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, General Dynamics will have a dividend payout ratio of 35.32% next year. This indicates that General Dynamics will be able to sustain or increase its dividend.

  • Read more about General Dynamics' dividend.
  • Percentage of Shares Shorted

    1.21% of the float of General Dynamics has been sold short.
  • Short Interest Ratio / Days to Cover

    General Dynamics has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in General Dynamics has recently increased by 13.75%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    General Dynamics has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 26 news articles for General Dynamics this week, compared to 16 articles on an average week.
  • Search Interest

    Only 21 people have searched for GD on MarketBeat in the last 30 days. This is a decrease of -16% compared to the previous 30 days.
  • MarketBeat Follows

    25 people have added General Dynamics to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, General Dynamics insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,556,241.00 in company stock.

  • Percentage Held by Insiders

    Only 1.52% of the stock of General Dynamics is held by insiders.

  • Percentage Held by Institutions

    86.14% of the stock of General Dynamics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about General Dynamics' insider trading history.
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GD Stock News Headlines

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Morgan Stanley Sticks to Its Buy Rating for General Dynamics (GD)
General Dynamics awarded $235.48M Navy contract modification
See More Headlines

GD Stock Analysis - Frequently Asked Questions

General Dynamics' stock was trading at $259.67 on January 1st, 2024. Since then, GD stock has increased by 1.5% and is now trading at $263.64.
View the best growth stocks for 2024 here
.

General Dynamics Co. (NYSE:GD) issued its quarterly earnings data on Wednesday, October, 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by $0.13. The company's revenue for the quarter was up 10.4% compared to the same quarter last year.
Read the conference call transcript
.

General Dynamics' board authorized a share repurchase program on Wednesday, December 4th 2024, which permits the company to repurchase 10,000,000 shares, according to EventVestor. This permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

General Dynamics subsidiaries include CSRA, Bluefin Robotics Corporation, Applied Physical Sciences, Open Kernel Labs, Gayston Corporation - Defense Operations, Fidelis Cybersecurity, Earl Industries - Ship Repair and Coatings Division, and others.

General Dynamics' top institutional investors include Wellington Management Group LLP (5.17%), State Street Corp (3.98%), Massachusetts Financial Services Co. MA (2.85%) and Geode Capital Management LLC (2.02%). Insiders that own company stock include Phebe N Novakovic, Mark C Roualet, Gregory S Gallopoulos, Kimberly A Kuryea, Mark Lagrand Burns, Marguerite Amy Gilliland, Christopher J Brady, William A Moss, Leon Rudy F De, Mark Malcolm and Peter A Wall.
View institutional ownership trends
.

Shares of GD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that General Dynamics investors own include NVIDIA (NVDA), Chevron (CVX), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Bristol-Myers Squibb (BMY) and Exxon Mobil (XOM).

Company Calendar

Ex-Dividend for 11/15 Dividend
10/11/2024
Last Earnings
10/23/2024
Dividend Payable
11/15/2024
Today
12/21/2024
Fiscal Year End
12/31/2024
Ex-Dividend for 2/7 Dividend
1/17/2025
Dividend Payable
2/07/2025

Industry, Sector and Symbol

Sector
Aerospace
Industry
Ship & boat building & repairing
Sub-Industry
Aerospace & Defense
CUSIP
36955010
Employees
111,600
Year Founded
1952

Price Target and Rating

Average Stock Price Target
$314.88
High Stock Price Target
$354.00
Low Stock Price Target
$245.00
Potential Upside/Downside
+19.4%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
19 Analysts

Profitability

Net Income
$3.32 billion
Pretax Margin
9.55%

Debt

Sales & Book Value

Annual Sales
$46.05 billion
Cash Flow
$15.14 per share
Book Value
$77.74 per share

Miscellaneous

Free Float
270,789,000
Market Cap
$72.49 billion
Optionable
Optionable
Beta
0.59

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This page (NYSE:GD) was last updated on 12/21/2024 by MarketBeat.com Staff
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