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Saturday, December 2, 2023

General Dynamics Corp. (GD) Is Not Likely To Be The Same Tomorrow

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for General Dynamics Corp. (GD) shows that investor sentiment remained same, with the stock’s consolidated last price to $240.10. The General Dynamics Corp. has recorded 24,323 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that GDIT Awarded $450 Million Financial Systems Modernization Contract by the Centers for Medicare and Medicaid Services.

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Stocks Info

The company is listed on the NYSE and operates within the Aerospace & Defense industry segment. At the end of the last regular session, the stock closed at $240.10 and fluctuated between $242.00 as its day high and $238.31 as its day low. The current market capitalization of General Dynamics Corp. is $65.52B. A total of 1.73 million shares were traded on the day, compared to an average of 1.15M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, GD has seen 11 BUY and 4 SELL insider trades, representing the acquisition of 23,480 and the disposition of 57,651 shares. Over the last 12 months, there were 79 BUYs and 39 SELLs from insiders. Insiders purchased 217,379 shares during that period but sold 171,641.

In the most recent transaction, Gallopoulos Gregory S sold 33,200 shares of GD for 238.37 per share on Oct 30. After the transaction, the Senior VP, Gen. Counsel, Sec. now owns 113,319 company shares. In a previous transaction on Aug 11, NOVAKOVIC PHEBE N sold 33,230 shares at 227.96 per share. GD shares that Chairman and CEO owns now total 778,092.

Among the insiders who sold shares, Gallopoulos Gregory S disposed of 6,500 shares on Aug 11 at a per-share price of $225.83. This resulted in the Senior VP, Gen. Counsel, Sec. holding 113,319 shares of GD after the transaction. In another insider transaction, Gilliland Marguerite Amy sold 13,500 shares at $225.46 per share on Aug 03. Company shares held by the Senior Vice President now total 44,157.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. General Dynamics Corp. pays an annual dividend of $5.26, resulting in a dividend yield of 2.19%, and it has a price to earnings (P/E) ratio of 20.07. GD’s most recent ex-dividend date was 10/5/2023 when it declared a $1.32 quarterly dividend that was paid in cash on 11/10/2023. Previously, the company paid the dividend on 8/11/2023 with an ex-dividend date of 7/6/2023. The GD stock dividend was $1.32 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for GD in the last 3 months, the mean price target is $273.11 with high estimates of $325.00 and low estimates of $235.00. In terms of 52-week highs and lows, GD has a high of $256.86 and a low of $202.35.

As of this writing, GD has an earnings estimate of $2.75 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $2.97 per share and a lower estimate of $2.66. The company reported an EPS of $2.64 in the last quarter, which was 1.90% higher than expectations of $2.59.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GD’s latest balance sheet shows that the firm has $1.60B in Cash & Short Term Investments as of fiscal 2021. There were $11.49B in debt and $13.98B in liabilities at the time. Its Book Value Per Share was $73.13, while its Total Shareholder’s Equity was $17.64B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GD is Buy with a score of 4.44.

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