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The closing price of General Dynamics Corp. (NYSE: GD) was $280.47 for the day, down -0.43% from the previous closing price of $281.68. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 1.2 million shares were traded. GD stock price reached its highest trading level at $283.0 during the session, while it also had its lowest trading level at $279.55.
Ratios:
Our analysis of GD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 74.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.21. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.44. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on June 26, 2024, initiated with a Buy rating and assigned the stock a target price of $345.
On April 29, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $305 to $335.
Alembic Global Advisors Downgraded its Overweight to Neutral on January 29, 2024, while the target price for the stock was maintained at $296.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 21 ’24 when Kuryea Kimberly A sold 13,344 shares for $298.16 per share. The transaction valued at 3,978,624 led to the insider holds 79,255 shares of the business.
Burns Mark Lagrand sold 12,089 shares of GD for $3,585,477 on May 17 ’24. The Vice President now owns 64,132 shares after completing the transaction at $296.59 per share. On May 13 ’24, another insider, Moss William A, who serves as the Vice President and Controller of the company, sold 21,050 shares for $294.85 each. As a result, the insider received 6,206,520 and left with 16,624 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GD now has a Market Capitalization of 76950872064 and an Enterprise Value of 86854189056. As of this moment, General’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.85, and their Forward P/E ratio for the next fiscal year is 17.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 3.58. Its current Enterprise Value per Revenue stands at 2.014 whereas that against EBITDA is 18.132.
Stock Price History:
The Beta on a monthly basis for GD is 0.60, which has changed by 0.29141724 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, GD has reached a high of $302.75, while it has fallen to a 52-week low of $211.94. The 50-Day Moving Average of the stock is -4.42%, while the 200-Day Moving Average is calculated to be 5.31%.
Shares Statistics:
GD traded an average of 1.03M shares per day over the past three months and 1232360 shares per day over the past ten days. A total of 273.60M shares are outstanding, with a floating share count of 272.62M. Insiders hold about 0.64% of the company’s shares, while institutions hold 87.44% stake in the company. Shares short for GD as of 1718323200 were 1789338 with a Short Ratio of 1.74, compared to 1715731200 on 2015039. Therefore, it implies a Short% of Shares Outstanding of 1789338 and a Short% of Float of 0.73.
Dividends & Splits
With its trailing 12-month dividend rate of 5.38, GD has a forward annual dividend rate of 5.48. Against a Trailing Annual Dividend Yield of 0.019099688The stock’s 5-year Average Dividend Yield is 2.34. The current Payout Ratio is 43.92% for GD, which recently paid a dividend on 2024-07-05 with an ex-dividend date of 1720137600. Stock splits for the company last occurred on 2006-03-27 when the company split stock in a 2:1 ratio.
