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

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that General Dynamics CEO to speak at Cowen conference.

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Stocks Info

General Dynamics Corp. is listed on the NYSE in the Industrials sector while operating in the Aerospace & Defense industry. At the end of the last regular session, the stock closed at $265.52 and fluctuated between $267.07 as its day high and $262.50 as its day low. The current market capitalization of General Dynamics Corp. is $72.65B. A total of 1.03 million shares were traded on the day, compared to an average of 1.15M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, GD has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 15 and the disposition of 0 shares. Over the last 12 months, there were 70 BUYs and 41 SELLs from insiders. Insiders purchased 221,745 shares during that period but sold 185,414.

In the most recent transaction, NOVAKOVIC PHEBE N sold 32,355 shares of GD for 264.31 per share on Jan 29. After the transaction, the Chairman and CEO now owns 773,977 company shares. In a previous transaction on Jan 26, Roualet Mark C. sold 73,330 shares at 264.75 per share. GD shares that Executive Vice President owns now total 149,205.

Among the insiders who sold shares, Gallopoulos Gregory S disposed of 33,200 shares on Oct 30 at a per-share price of $238.37. This resulted in the Senior VP, Gen. Counsel, Sec. holding 113,319 shares of GD after the transaction. In another insider transaction, NOVAKOVIC PHEBE N sold 33,230 shares at $227.96 per share on Aug 11. Company shares held by the Chairman and CEO now total 778,092.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. General Dynamics Corp. pays an annual dividend of $5.58, resulting in a dividend yield of 2.10%, and it has a price to earnings (P/E) ratio of 22.08. GD’s most recent ex-dividend date was 1/18/2024 when it declared a $1.32 quarterly dividend that was paid in cash on 2/9/2024. Previously, the company paid the dividend on 11/10/2023 with an ex-dividend date of 10/5/2023. The GD stock dividend was $1.32 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GD in the last 3 months, the mean price target is $293.97 with high estimates of $345.00 and low estimates of $253.00. In terms of 52-week highs and lows, GD has a high of $269.50 and a low of $202.35.

As of this writing, GD has an earnings estimate of $3.23 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $3.66 per share and a lower estimate of $2.81. The company reported an EPS of $2.77 in the last quarter, which was 4.10% higher than expectations of $2.66.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $13.18B in debt and $13.98B in liabilities at the time. Its Book Value Per Share was $77.85, while its Total Shareholder’s Equity was $17.64B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.47.

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