Citigroup raised the price target for the General Dynamics Corporation (NYSE:GD) stock to “a Buy”. The rating was released on December 08, 2022, according to finviz. The research report from Wolfe Research has initiated the stock to Outperform, with a price target set at $265. The stock was initiated by RBC Capital Mkts, who disclosed in a research note on August 30, 2022, to Outperform and set the price objective to $275. In their research brief published February 04, 2022, Morgan Stanley analysts upgraded the General Dynamics Corporation stock from Underweight to Equal-Weight with a price target of $215.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of General Dynamics Corporation (NYSE:GD) raised 1.29% to close Tuesday’s market session at $235.45, higher as compared to yesterday’s close. The stock price fluctuated between $230.489 and $235.72 throughout the trading session with the volume trading being 1441783 shares, which represented a significant variation when compared to the three months average volume of 1.02 million shares. The firm’s stock price fluctuated -2.36% within the last five trades and -5.81% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 7.61% in the last 6 months and -2.95% was subtracted to its value over the previous 3 months. GD stock is trading at a margin of -3.48%, -4.62% and 0.69% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, GD deals in the Industrials domain. The stock is trading -8.34 percent below its 52-week high and 17.35 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 7.86. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does General Dynamics Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 10.70 percent and the profit margin is 8.60 percent, and the company has reported a gross margin of 16.90 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $64.30 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for General Dynamics Corporation (NYSE:GD) is 19.61. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 16.93. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.66 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.65, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.50 percent of General Dynamics Corporation shares are owned by insiders, and 86.70 percent are held by financial institutions. Roualet Mark C., the Executive Vice President at General Dynamics Corporation (GD) has sold 23,600 shares of firm on Aug 15 at a price of $240.96 against the total amount of $5.69 million. In another inside trade, NOVAKOVIC PHEBE N, Chairman and CEO of General Dynamics Corporation (NYSE:GD) sold 71,461 shares of the firm on Aug 09 for a total worth of $16.23 million at a price of $227.05. An inside trade which took place on Aug 01, Senior VP, Gen. Counsel, Sec. of General Dynamics Corporation Gallopoulos Gregory S sold 11,126 shares of firm against total price of $2.53 million at the cost of $227.68 per share.