A share price of General Dynamics Corp. [GD] is currently trading at $294.92, down -1.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GD shares have gain 1.35% over the last week, with a monthly amount glided 0.87%, and 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.
General Dynamics Corp. experienced fluctuations in its stock price throughout the past year between $214.53 and $302.75. 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 $294.92 at the most recent close of the market. An investor can expect a potential return of 2.11% based on the average GD price forecast.
Analyzing the GD fundamentals
Trailing Twelve Months sales for General Dynamics Corp. [NYSE:GD] were 44.95B which represents 17.97% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.43.
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 291.85 points at the first support level, and at 288.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 299.49, and for the 2nd resistance point, it is at 304.05.
Ratios To Look Out For
To put it in perspective, the Current Ratio for General Dynamics Corp. [NYSE:GD] is 1.33. As well, the Quick Ratio is 0.80, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 3.68 and price to earnings (TTM) ratio is 22.99.
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.
