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NYSE:GD

General Dynamics (GD) Stock Price, News & Analysis

$302.40
-1.45 (-0.48%)
(As of 09/18/2024 ET)

About General Dynamics Stock (NYSE:GD)

Key Stats

Today's Range
$301.65
$306.90
50-Day Range
$283.99
$307.56
52-Week Range
$214.53
$309.97
Volume
1.16 million shs
Average Volume
1.06 million shs
Market Capitalization
$82.97 billion
P/E Ratio
24.67
Dividend Yield
1.88%
Price Target
$315.06
Consensus Rating
Moderate Buy

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

Overall MarketRank™: 87th Percentile

General Dynamics scored higher than 87% of companies evaluated by MarketBeat, and ranked 10th out of 44 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 Moderate Buy. The company's average rating score is 2.67, and is based on 12 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    General Dynamics has been the subject of 7 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 12.81% in the coming year, from $14.52 to $16.38 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of General Dynamics is 24.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.17.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of General Dynamics is 24.67, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 23.33.

  • Price to Earnings Growth Ratio

    General Dynamics has a PEG Ratio of 1.64. 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 3.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about General Dynamics' valuation and earnings.
  • Percentage of Shares Shorted

    0.85% 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 2.1, 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 21.47%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    General Dynamics pays a meaningful dividend of 1.89%, 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 46.33%. 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 34.68% 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

    0.85% 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 2.1, 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 21.47%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    General Dynamics has a news sentiment score of 1.09. 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 0.57 average news sentiment score of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 20 news articles for General Dynamics this week, compared to 14 articles on an average week.
  • Search Interest

    Only 12 people have searched for GD on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.
  • MarketBeat Follows

    Only 13 people have added General Dynamics to their MarketBeat watchlist in the last 30 days. This is a decrease of -28% 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 $406,626.00 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.

GD Stock News Headlines

The Scranton Army Ammunition Plant is seen before a tour of the manufacturing process for 155 mm M7…
Pennsylvania ammo plant boosts production of key artillery shell in Ukraine's fight against Russia
A Pennsylvania ammunition plant that makes a key artillery shell in Ukraine’s fight against Russia has managed to boost production by 50% to meet surging demand, with more capacity set to come on line
War on Elon Escalates…
Elon Musk, the guy slated to become the world’s first trillionaire by 2027, has publicly called for the adoption of this technology for decades. By doing so he has put himself in the crosshairs of an ideological war with the global elites. And yet, while this new technology threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
General Dynamics director Wall sells shares worth over $400k
See More Headlines

GD Stock Analysis - Frequently Asked Questions

General Dynamics' stock was trading at $259.67 at the start of the year. Since then, GD stock has increased by 16.5% and is now trading at $302.40.
View the best growth stocks for 2024 here
.

General Dynamics Co. (NYSE:GD) issued its earnings results on Wednesday, July, 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing analysts' consensus estimates of $3.30 by $0.04. The company's quarterly revenue was up 18.0% compared to the same quarter last year.
Read the conference call transcript
.

The following companies are subsidiaries of General Dynamics: CSRA, Bluefin Robotics Corporation, Applied Physical Sciences, Open Kernel Labs, Gayston Corporation - Defense Operations, Fidelis Cybersecurity, Earl Industries - Ship Repair and Coatings Division, and more.

Top institutional shareholders of General Dynamics include Longview Asset Management LLC (10.24%), Newport Trust Company LLC (5.64%), Massachusetts Financial Services Co. MA (2.78%) and Ameriprise Financial Inc. (0.76%). Insiders that own company stock include Phebe N Novakovic, Mark C Roualet, Gregory S Gallopoulos, Kimberly A Kuryea, Mark Lagrand Burns, Marguerite Amy Gilliland, 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 AT&T (T), Johnson & Johnson (JNJ), Walt Disney (DIS), Intel (INTC), AbbVie (ABBV), NVIDIA (NVDA) and Home Depot (HD).

Company Calendar

Ex-Dividend for 8/9 Dividend
7/05/2024
Last Earnings
7/24/2024
Dividend Payable
8/09/2024
Today
9/18/2024
Ex-Dividend for 11/15 Dividend
10/11/2024
Next Earnings (Estimated)
10/23/2024
Dividend Payable
11/15/2024
Fiscal Year End
12/31/2024

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
$315.06
High Stock Price Target
$345.00
Low Stock Price Target
$258.00
Potential Upside/Downside
+4.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
18 Analysts

Profitability

Net Income
$3.32 billion
Pretax Margin
9.51%

Debt

Sales & Book Value

Annual Sales
$44.95 billion
Cash Flow
$15.39 per share
Book Value
$77.74 per share

Miscellaneous

Free Float
270,194,000
Market Cap
$82.97 billion
Optionable
Optionable
Beta
0.61

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Should I Buy General Dynamics Stock? GD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 8, 2024. Please send any questions or comments about these General Dynamics pros and cons to contact@marketbeat.com.

General Dynamics
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in General Dynamics Co.:

  • General Dynamics Co. has a strong track record of consistent dividend payments, with a current dividend yield of 1.93%. This can provide investors with a steady income stream.
  • Recent insider selling activity, such as CFO Kimberly A. Kuryea selling shares at an average price of $298.16, may indicate confidence in the company's future performance.
  • Analysts have given General Dynamics Co. a consensus rating of "Moderate Buy" with a target price of $315.06, suggesting potential for stock price appreciation.
  • General Dynamics Co. operates in the aerospace and defense sector, which is known for its stability and resilience even during economic downturns.
  • Despite a slight trading dip, General Dynamics Co. has a market capitalization of $81.10 billion, indicating its position as a significant player in the industry.

General Dynamics
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in General Dynamics Co. for these reasons:

  • General Dynamics Co. recently reported earnings that missed analysts' consensus estimates, which could lead to short-term volatility in the stock price.
  • The company's price-to-earnings ratio of 24.19 and P/E/G ratio of 1.68 may indicate that the stock is currently trading at a premium valuation.
  • While the company has a strong dividend payout ratio of 46.33%, investors should be cautious of potential changes in dividend policy based on future financial performance.
  • General Dynamics Co. has a beta of 0.60, suggesting lower volatility compared to the market, which may limit potential returns during bullish market conditions.
  • The company's debt-to-equity ratio of 0.33 should be monitored closely as higher debt levels can impact financial flexibility and future growth prospects.

This page (NYSE:GD) was last updated on 9/18/2024 by MarketBeat.com Staff
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