General Dynamics Corp. [GD] stock prices are up 0.40% to $297.83 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GD shares have gain 1.49% over the last week, with a monthly amount drifted -0.29%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
General Dynamics Corp. [NYSE: GD] stock has seen the most recent analyst activity on August 09, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $345 from $293. Previously, Deutsche Bank downgraded its rating to Hold on July 29, 2024. On June 26, 2024, BTIG Research initiated with a Buy rating and assigned a price target of $345 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $335 on April 29, 2024. Alembic Global Advisors downgraded its rating to a Neutral but $296 remained the price target by the analyst firm on January 29, 2024. UBS started tracking with a Neutral rating for this stock on October 11, 2023, and assigned it a price target of $265. In a note dated September 28, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $271 on this stock.
The stock price of General Dynamics Corp. [GD] has been fluctuating between $214.53 and $302.75 over the past year. Currently, Wall Street analysts expect the stock to reach $301.14 within the next 12 months. General Dynamics Corp. [NYSE: GD] shares were valued at $297.83 at the most recent close of the market. An investor can expect a potential return of 1.11% based on the average GD price forecast.
Analyzing the GD fundamentals
The General Dynamics Corp. [NYSE:GD] reported sales of 44.95B for trailing twelve months, representing a surge of 17.97%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 295.24 points at the first support level, and at 292.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 300.69, and for the 2nd resistance point, it is at 303.54.
Ratios To Look Out For
It’s worth pointing out that General Dynamics Corp. [NYSE:GD]’s Current Ratio is 1.33. On the other hand, the Quick Ratio is 0.80, and the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 1.82, the price to book ratio is 3.71 and price to earnings (TTM) ratio is 23.22.
Transactions by insiders
Recent insider trading involved Kuryea Kimberly A, Senior Vice President & CFO, that happened on May 21 ’24 when 13344.0 shares were sold. Vice President, Burns Mark Lagrand completed a deal on May 17 ’24 to sell 12089.0 shares. Meanwhile, Vice President and Controller Moss William A sold 21050.0 shares on May 13 ’24.
