General Dynamics Corp. (NYSE:GD) recently saw a trading volume of 1.07 million shares, with a beta of 0.78. The stock is currently priced at $234.74 per share, representing a 6.73% increase and a market valuation of $64.09 billion. The share price is trading at a discount of -9.42% from its 52-week high of $256.86, with a 52-week low at $202.35, indicating a 13.8% increase since then.
Analysts have given General Dynamics Corp. an overweight rating, with a consensus recommendation rating of 1.64. Out of 25 analysts, 2 rate the stock as overweight, 7 rate it as a hold, 16 consider it a buy, and none rate it as underweight or sell. The estimated earnings per share for the current quarter is $2.91.
The stock has shown positive performance, with a 5.30% increase in the past five days and a 7.74% increase in the 30-day time frame. In terms of short shares, there were 2.25 million shares sold with a short interest cover period of 2.41 days.
Wall Street analysts have assigned a consensus price target of $265.60 for General Dynamics Corp., indicating an upside potential of 11.62% from its current market value. The stock’s forecast low is $227.00, while the target high is $325.00. To reach the forecast high, the stock would need to decrease by -38.45%, while it would need to decrease by 3.3% to hit the projected low.
In terms of performance compared to its peers, General Dynamics Corp. has shown lower growth with a 2.48% increase in the past 6 months, compared to the industry average of 7.60%. Analysts have lowered revenue expectations for fiscal year 2023, with a predicted -10.70% decrease in current quarter revenue, but a forecasted 22.90% growth in revenue for the next quarter. Year-over-year growth is forecasted to increase by 7.80%.
Consensus estimates from financial analysts project the company’s revenue for the current quarter to be $10.03 billion, and $12.49 billion for the quarter ending December 2023. This is compared to $9.92 billion and $10.85 billion for the same quarters in the previous year. The company is expected to see a 1.10% growth in current quarter sales and a 15.10% growth in next quarter sales.
Over the past 5 years, General Dynamics Corp. has shown an earnings growth rate of 4.98%. The 2023 estimates suggest a 3.77% increase in earnings, while the outlook for the next 5 years is at 10.80% per year.
General Dynamics Corp. is expected to release its next quarterly earnings report on October 25. The stock has an annual dividend yield of 2.24%, with an annual dividend of 5.27. It’s important to consider other aspects of the company’s operations before making any investment decision based solely on the dividend yield ratio.
Insiders hold 0.48% of General Dynamics Corp. shares, while institutional holders own 87.30% of the shares. The top institutional holder is Longview Asset Management, LLC, holding 10.36% of the shares. Vanguard Group Inc holds the second-largest percentage with 8.16% of outstanding shares. Among mutual funds, the top two holders are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund.
Definitions:
– Beta: A measure of a stock’s volatility in relation to the market.
– Market Valuation: The total dollar value of a company’s outstanding shares.
– EPS: Earnings per share, calculated by dividing a company’s earnings by its number of outstanding shares.
– Short Interest: The number of shares that have been sold short and not yet repurchased.
– Upside Potential: The potential increase in a stock’s price based on analyst price targets.
– Revenue: The total amount of money a company generates from its operations.
– Earnings Growth Rate: The rate at which a company’s earnings have grown over a specific period.
– Dividend Yield: The ratio of a company’s annual dividend to its current stock price.
– Institutional Holders: Organizations such as investment firms, mutual funds, and pension funds that hold a large number of shares in a company.
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