Market Momentum: General Dynamics Corp (GD) Registers a -1.76 Decrease, Closing at 280.96

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General Dynamics Corp (NYSE: GD) closed the day trading at $280.96 down -1.76% from the previous closing price of $286.00. In other words, the price has decreased by -$1.76 from its previous closing price. On the day, 1.69 million shares were traded. GD stock price reached its highest trading level at $287.99 during the session, while it also had its lowest trading level at $279.61.

Ratios:

For a better understanding of GD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 36.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.84. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.32. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.38.

On October 01, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $334 to $317.

Morgan Stanley Upgraded its Equal-Weight to Overweight on August 09, 2024, whereas the target price for the stock was revised from $293 to $345.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 16 ’24 when Wall Peter A sold 1,320 shares for $308.05 per share. The transaction valued at 406,626 led to the insider holds 3,592 shares of the business.

Wall Peter A bought 1,320 shares of GD for $406,626 on Sep 16 ’24. On May 21 ’24, another insider, Kuryea Kimberly A, who serves as the Senior Vice President & CFO of the company, sold 13,344 shares for $298.16 each. As a result, the insider received 3,978,624 and left with 79,255 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 77255286784 and an Enterprise Value of 87580876800. As of this moment, General’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.39, and their Forward P/E ratio for the next fiscal year is 17.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 3.36. Its current Enterprise Value per Revenue stands at 1.902 whereas that against EBITDA is 16.21.

Stock Price History:

Over the past 52 weeks, GD has reached a high of $316.90, while it has fallen to a 52-week low of $243.87. The 50-Day Moving Average of the stock is -6.87%, while the 200-Day Moving Average is calculated to be -3.51%.

Shares Statistics:

Over the past 3-months, GD traded about 1.19M shares per day on average, while over the past 10 days, GD traded about 1197380 shares per day. A total of 273.60M shares are outstanding, with a floating share count of 273.23M. Insiders hold about 0.63% of the company’s shares, while institutions hold 89.10% stake in the company. Shares short for GD as of 1730332800 were 3084087 with a Short Ratio of 2.59, compared to 1727654400 on 3677915. Therefore, it implies a Short% of Shares Outstanding of 3084087 and a Short% of Float of 1.26.

Dividends & Splits

GD’s forward annual dividend rate is 5.58, up from 5.58 a year ago. Against a Trailing Annual Dividend Yield of 0.019510489The stock’s 5-year Average Dividend Yield is 2.32.

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