General Dynamics Corp. (NYSE: GD) on Tuesday, plunged -1.20% from the previous trading day, before settling in for the closing price of $307.55. Within the past 52 weeks, GD’s price has moved between $214.53 and $309.97.
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During the last 5-year period, the sales growth of Industrials Sector giant was 3.25%. The company achieved an average annual earnings per share of 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) Insider Activity
Observing investor behavior towards Aerospace & Defense industry stocks is more important than anything else. The insider ownership of General Dynamics Corp. is 0.63%, while institutional ownership is 86.30%. The most recent insider transaction that took place on Sep 16 ’24, was worth 406,626. Before that another transaction happened on May 21 ’24, when Company’s Senior Vice President & CFO sold 13,344 for $298.16, making the entire transaction worth $3,978,624. This insider now owns 79,255 shares in total.
General Dynamics Corp. (GD) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.77 earnings per share (EPS) for the period topping the consensus outlook (set at 2.66) by 0.11. 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
General Dynamics Corp. (GD) is currently performing well based on its current performance indicators. A quick ratio of 0.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.86. Likewise, its price to free cash flow for the trailing twelve months is 38.62.
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 0.93 million, which is a drop from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 79.96%. Additionally, its Average True Range was 5.31.
During the past 100 days, General Dynamics Corp.’s (GD) raw stochastic average was set at 81.56%, which indicates a significant increase from 68.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.36% in the past 14 days, which was higher than the 15.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $293.12, while its 200-day Moving Average is $280.79. However, in the short run, General Dynamics Corp.’s stock first resistance to watch stands at $305.51. Second resistance stands at $307.17. The third major resistance level sits at $308.63. If the price goes on to break the first support level at $302.38, it is likely to go to the next support level at $300.91. Should the price break the second support level, the third support level stands at $299.25.
General Dynamics Corp. (NYSE: GD) Key Stats
Market capitalization of the company is 83.49 billion based on 274,364K outstanding shares. Right now, sales total 42,272 M and income totals 3,315 M. The company made 11,976 M in profit during its latest quarter, and 905,000 K in sales during its previous quarter.
