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The price of General Dynamics Corp. (NYSE: GD) closed at $290.98 in the last session, up 2.22% from day before closing price of $284.67. In other words, the price has increased by $2.22 from its previous closing price. On the day, 1.79 million shares were traded. GD stock price reached its highest trading level at $296.19 during the session, while it also had its lowest trading level at $287.31.
Ratios:
We take a closer look at GD’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 58.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.93. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.40.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 79954903040 and an Enterprise Value of 87725432832. As of this moment, General’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.68, and their Forward P/E ratio for the next fiscal year is 17.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.56. 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 3.63. Its current Enterprise Value per Revenue stands at 1.952 whereas that against EBITDA is 18.062.
Stock Price History:
The Beta on a monthly basis for GD is 0.60, which has changed by 0.30695295 over the last 52 weeks, in comparison to a change of 0.17829525 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 $213.47. The 50-Day Moving Average of the stock is -0.66%, while the 200-Day Moving Average is calculated to be 7.52%.
Shares Statistics:
According to the various share statistics, GD traded on average about 1.02M shares per day over the past 3-months and 1315950 shares per day over the past 10 days. A total of 273.60M shares are outstanding, with a floating share count of 272.63M. Insiders hold about 0.63% of the company’s shares, while institutions hold 87.59% stake in the company. Shares short for GD as of 1721001600 were 1709782 with a Short Ratio of 1.68, compared to 1718323200 on 1789338. Therefore, it implies a Short% of Shares Outstanding of 1709782 and a Short% of Float of 0.69999998.
Dividends & Splits
The forward annual dividend rate for GD is 5.48, which was 5.48 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.01925036The 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.
