With 1.43 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.24 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $283.6 whereas the lowest price it dropped to was $279.9201. The 52-week range on GD shows that it touched its highest point at $316.90 and its lowest point at $243.87 during that stretch. It currently has a 1-year price target of $333.80. With its current market cap of 78.01 billion, GD has annualized dividend of $5.58 while the current yield stands at 1.98%. Beta for the stock currently stands at 0.60.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GD was down-trending over the past week, with a drop of -2.15%, but this was down by -6.46% over a month. Three-month performance dropped to -3.16% while six-month performance fell -5.94%. The stock gained 13.94% in the past year, while it has gained 8.53% so far this year. A look at the trailing 12-month EPS for GD yields 13.13 with Next year EPS estimates of 16.08. For the next quarter, that number is 4.43. This implies an EPS growth rate of 15.81% for this year and 15.55% for next year. EPS is expected to grow by 13.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.46%.
Float and Shares Shorts:
At present, 273.60 million GD shares are outstanding with a float of 273.23 million shares on hand for trading. On 2024-10-31, short shares totaled 3.08 million, which was 111.99999999999999 higher than short shares on 1727654400. In addition to Ms. Phebe N. Novakovic as the firm’s Chairperson & CEO, Mr. Jason W. Aiken CPA serves as its Executive VP of Technologies.
Institutional Ownership:
Through their ownership of 0.89155996 of GD’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-29, GD reported revenue of $11671000000.0 and operating income of $1181000000.0. The EBITDA in the recently reported quarter was $1399000000.0 and diluted EPS was $3.35.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GD since 14 analysts follow the stock currently. There are 11 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GD analysts setting a high price target of 365.0 and a low target of 283.0, the average target price over the next 12 months is 330.1438. Based on these targets, GD could surge 29.52% to reach the target high and rise by 0.42% to reach the target low. Reaching the average price target will result in a growth of 17.15% from current levels.
Analysts have provided yearly estimates in a range of $13.98967 being high and $13.74074 being low. For GD, this leads to a yearly average estimate of $13.91997. The surprise factor in the prior quarter was $3.33. Based on analyst estimates, the high estimate for the next quarter is $3.8 and the low estimate is $3.36. The average estimate for the next quarter is thus $3.52.
