A new trading day began on Monday, with General Dynamics Corp. (NYSE: GD) stock price up 3.00% from the previous day of trading, before settling in for the closing price of $292.78. GD’s price has ranged from $214.53 to $302.75 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant 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.
Let’s determine the extent of company efficiency that accounts for 111600 employees. In terms of profitability, gross margin is 15.67%, operating margin of 10.09%, and the pretax margin is 9.51%.
General Dynamics Corp. (GD) Breakdown of a Key Holders of the stock
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 87.25%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 2.77 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.67 per share during the current fiscal year.
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 14.43% 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 1.84. Likewise, its price to free cash flow for the trailing twelve months is 38.33.
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)
Looking closely at General Dynamics Corp. (NYSE: GD), its last 5-days average volume was 1.34 million, which is a jump from its year-to-date volume of 1.07 million. As of the previous 9 days, the stock’s Stochastic %D was 60.59%. Additionally, its Average True Range was 5.16.
During the past 100 days, General Dynamics Corp.’s (GD) raw stochastic average was set at 94.65%, which indicates a significant increase from 88.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.07% in the past 14 days, which was higher than the 16.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $290.96, while its 200-day Moving Average is $279.09. However, in the short run, General Dynamics Corp.’s stock first resistance to watch stands at $304.54. Second resistance stands at $307.51. The third major resistance level sits at $311.93. If the price goes on to break the first support level at $297.15, it is likely to go to the next support level at $292.73. Now, if the price goes above the second support level, the third support stands at $289.76.
General Dynamics Corp. (NYSE: GD) Key Stats
With a market capitalization of 82.86 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.
