A major move is in the offing as General Dynamics Corp. (GD) market cap hits 80.29 billion

A new trading day began on Tuesday, with General Dynamics Corp. (NYSE: GD) stock price up 0.34% from the previous day of trading, before settling in for the closing price of $291.20. GD’s price has ranged from $214.53 to $302.75 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 3.25%. Meanwhile, its annual earnings per share averaged 20.81%. With a float of $273.04 million, this company’s outstanding shares have now reached $273.60 million.

Considering the fact that the conglomerate employs 111600 people, you should pay attention to its efficiency factor.

General Dynamics Corp. (GD) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Aerospace & Defense Industry. The insider ownership of General Dynamics Corp. is 0.63%, while institutional ownership is 87.89%. The most recent insider transaction that took place on May 21 ’24, was worth 3,978,624. In this transaction Senior Vice President & CFO of this company sold 13,344 shares at a rate of $298.16, taking the stock ownership to the 79,255 shares. Before that another transaction happened on May 17 ’24, when Company’s Vice President sold 12,089 for $296.59, making the entire transaction worth $3,585,477. This insider now owns 64,132 shares in total.

General Dynamics Corp. (GD) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 20.81% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.40% during the next five years compared to 1.46% growth over the previous five years of trading.

General Dynamics Corp. (NYSE: GD) Trading Performance Indicators

Here are General Dynamics Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.79. Likewise, its price to free cash flow for the trailing twelve months is 37.14.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 12.83, a number that is poised to hit 3.73 in the next quarter and is forecasted to reach 16.46 in one year’s time.

Technical Analysis of General Dynamics Corp. (GD)

Compared to the last year’s volume of 1.07 million, its volume of 0.94 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 53.23%. Additionally, its Average True Range was 5.60.

During the past 100 days, General Dynamics Corp.’s (GD) raw stochastic average was set at 62.90%, which indicates a significant increase from 53.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.41% in the past 14 days, which was higher than the 16.72% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $291.28, while its 200-day Moving Average is $274.41. Nevertheless, the first resistance level for the watch stands at $293.49 in the near term. At $294.77, the stock is likely to face the second major resistance level. The third major resistance level sits at $296.75. If the price goes on to break the first support level at $290.22, it is likely to go to the next support level at $288.24. Should the price break the second support level, the third support level stands at $286.96.

General Dynamics Corp. (NYSE: GD) Key Stats

With a market capitalization of 80.29 billion, the company has a total of 274,364K Shares Outstanding. Currently, annual sales are 42,272 M while annual income is 3,315 M. The company’s previous quarter sales were 11,976 M while its latest quarter income was 905,000 K.