Stock Quote General Dynamics Corporation Overview

General Dynamics Corporation is a leading aerospace and defense company. It was founded in 1899 and is headquartered in Reston, Virginia.

The company has a long history of innovation and growth, with a portfolio of businesses that span the globe. General Dynamics is a Fortune 500 company, ranking #146 on the list in 2022.

General Dynamics' products and services include combat vehicles, nuclear-powered submarines, and commercial aircraft. The company's focus on innovation and customer satisfaction has earned it numerous awards and recognition in the industry.

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General Dynamics's revenue for 2023 was $42.27 billion, a 7.27% increase from the previous year. This growth is a testament to the company's strong performance in the defense industry.

The company's earnings, however, took a hit, decreasing by 2.21% to $3.32 billion. Despite this, General Dynamics's financial performance remains robust.

In terms of share price, General Dynamics has seen some fluctuations. The current share price is $269.84, with a 52-week high of $316.90 and a low of $257.26. The beta, which measures volatility, is 0.61.

Here's a breakdown of General Dynamics's revenue growth over the past few years:

In the third quarter of 2023, General Dynamics reported a more than 10% rise in revenue, driven by strength in its defense units.

General Dynamics' stock price has experienced some fluctuations over the past year, with a 52-week high of $316.90 and a 52-week low of $257.26. The current share price is $269.84.

The company's price volatility is relatively low compared to the industry and market. Its average weekly movement is 3.2%, which is less than the aerospace and defense industry average of 7.3% and the market average of 6.5%.

Here's a comparison of General Dynamics' price volatility with other stocks in the US market:

This suggests that General Dynamics' stock price has been relatively stable over the past year, with minimal fluctuations in its weekly volatility.

Let's take a closer look at the USD data for this stock. The sales per share have been steadily increasing over the years, with a notable jump from $101.67 in 2017 to $153.31 in 2023.

The P/E ratio has been relatively stable, ranging from 13.53 in 2020 to 21.60 in 2023. This suggests that investors are willing to pay a consistent multiple of earnings for this stock.

The dividend yield has fluctuated between 1.65% in 2017 and 2.03% in 2023. This indicates that the company has been consistently paying out a portion of its earnings to shareholders.

Here's a breakdown of the key USD data points:

The equity ratio has been steadily increasing, from 25.84% in 2018 to 38.86% in 2023. This suggests that the company has been reducing its debt and increasing its equity over the years.

General Dynamics' stock price has been relatively stable in the past 3 months, with a 1.39% change in the last month and a -10.58% change over the last 3 months. This is compared to the US market's average movement of 6.5%.

GD's average weekly movement is 3.2%, which is lower than the aerospace and defense industry's average movement of 7.3%. In fact, it's even lower than the 10% least volatile stocks in the US market, which have an average movement of 3.3%.

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The company's weekly volatility has been stable over the past year, with a 3% weekly movement. This suggests a relatively consistent performance in terms of stock price fluctuations.

Here's a comparison of GD's volatility with industry and market averages:

This data suggests that GD's stock price is relatively stable compared to industry and market averages.

Looking into the stock price and volatility of General Dynamics, we can see that the 52-week high is $316.90, while the 52-week low is $257.26. This gives us a sense of the stock's price range over the past year.

The current share price is $269.84, which is a 1.39% increase from the previous month. However, the stock has seen a 10.58% decrease over the past three months. This volatility suggests that investors should be cautious when considering a long-term investment in General Dynamics.

The company's beta is 0.61, indicating that its stock price is less volatile than the overall market. This could make it a more stable investment option for some investors. However, the stock's price has still seen significant fluctuations over the past year.

A look at the stock's historical performance shows that it has a 1.91% increase in value over the past year, and a 27.22% increase over the past three years. This long-term growth could be attractive to investors looking for a steady return on their investment.

Here's a summary of General Dynamics' recent financial performance:

This data provides a clear picture of the company's financial health and growth over the past few years.

Shares of Lockheed, Northrop, and other defense contractors are having a lousy day.

The precise reason is hard to say, but it's clear that defense stocks are taking a hit.

Shares of these companies are down, and it's not a good time to be invested in them.

Investors are likely feeling frustrated and unsure of what to do next.

It's a good reminder that the stock market can be unpredictable and volatile.

Broaden your view: What Are Stock Shares

Analyst forecasts for General Dynamics stock are overwhelmingly positive, with 19 analysts giving it a "Buy" rating.

The average 12-month stock price forecast is $307.31, which represents a 15.94% increase from the latest price.

This upgrade in rating is a result of General Dynamics' strong financial performance, with its backlog reaching a record in the third quarter.

Analyst forecasts can be a valuable tool for investors, and General Dynamics is a great example of this. The average rating for GD stock is "Buy" according to 19 analysts.

The analysts are optimistic about the company's future, forecasting a 12-month stock price of $307.31, which represents a 15.94% increase from the latest price. This suggests that investors may see significant growth potential in the company.

General Dynamics has indeed made significant strides in recent times, with its backlog reaching a record in the third quarter. This indicates a strong demand for the company's products and services.

General Dynamics was downgraded to Hold from a previous investment rating of Buy by Jefferies due to profit worries.

This change in rating is a significant development for investors, as it can impact their decisions about buying or selling shares of the company.

General Dynamics is a well-established company with a long history of success, but challenges in various areas can affect its financial performance and stock price.

The company's Gulfstream deliveries are facing challenges, which is another reason for the downgrade.

General Dynamics has secured a significant contract with the U.S. Navy, worth $188 million, for a contract modification. This is a testament to the company's expertise and reputation in the industry.

The company's experience and capabilities in delivering complex projects have earned it a prominent position among U.S. contractors. This is evident in its recent contract wins, including a $5.6 billion contract for the Mission Partner Environment.

General Dynamics Information Technology (GDIT) has been awarded a contract to implement the Mission Partner Environment, a cutting-edge system for securely sharing information with global mission partners. This contract is a key component of the company's efforts to provide innovative solutions to its clients.