About General Dynamics Corporation (NYSE:GD)
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair. It operates through four business groups: Aerospace, Combat Systems, Information Systems and Technology, and Marine Systems. Its Aerospace group offers aircraft design; cockpit and cabin systems, and product service and support. Its Combat Systems group offers combat vehicles, weapons systems and munitions. The Information Systems and Technology group provides technologies, products and services in support of various programs. The Marine Systems group is a designer and builder of nuclear-powered submarines, surface combatants and auxiliary and combat-logistics ships.
Industry, Sector and Symbol:
- Sector: Aerospace
- Industry: Aerospace & Defense
- Sub-Industry: Aerospace & Defense
- Symbol: NYSE:GD
- CUSIP: 36955010
- Web: www.generaldynamics.com
- Market Cap: $64.04 billion
- Outstanding Shares: 299,462,000
- 50 Day Moving Avg: $206.12
- 200 Day Moving Avg: $199.72
- 52 Week Range: $148.76 - $214.81
Sales & Book Value:
- Trailing P/E Ratio: 21.13
- Foreward P/E Ratio: 20.29
- P/E Growth: 2.56
- Annual Revenue: $31.22 billion
- Price / Sales: 2.05
- Book Value: $36.53 per share
- Price / Book: 5.85
- Annual Dividend: $3.36
- Dividend Yield: 1.6%
- EBITDA: $4.89 billion
- Net Margins: 9.63%
- Return on Equity: 28.17%
- Return on Assets: 9.31%
- Debt-to-Equity Ratio: 0.27%
- Current Ratio: 1.27%
- Quick Ratio: 0.84%
- Average Volume: 1.07 million shs.
- Beta: 0.72
- Short Ratio: 2.4
Frequently Asked Questions for General Dynamics Corporation (NYSE:GD)
What is General Dynamics Corporation's stock symbol?
General Dynamics Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "GD."
How often does General Dynamics Corporation pay dividends? What is the dividend yield for General Dynamics Corporation?
General Dynamics Corporation declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Friday, October 6th will be given a dividend of $0.84 per share on Friday, November 10th. This represents a $3.36 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 5th. View General Dynamics Corporation's Dividend History.
How will General Dynamics Corporation's stock buyback program work?
General Dynamics Corporation declared that its board has initiated a stock buyback plan on Sunday, April 9th 2017, which authorizes the company to repurchase 10,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.
How were General Dynamics Corporation's earnings last quarter?
General Dynamics Corporation (NYSE:GD) released its quarterly earnings data on Wednesday, July, 26th. The company reported $2.45 EPS for the quarter, beating the Zacks' consensus estimate of $2.43 by $0.02. The firm earned $7.68 billion during the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The company's revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 earnings per share. View General Dynamics Corporation's Earnings History.
When will General Dynamics Corporation make its next earnings announcement?
Where is General Dynamics Corporation's stock going? Where will General Dynamics Corporation's stock price be in 2017?
12 analysts have issued 1 year price objectives for General Dynamics Corporation's stock. Their forecasts range from $176.00 to $230.00. On average, they expect General Dynamics Corporation's stock price to reach $210.25 in the next twelve months. View Analyst Ratings for General Dynamics Corporation.
What are analysts saying about General Dynamics Corporation stock?
Here are some recent quotes from research analysts about General Dynamics Corporation stock:
- 1. According to Zacks Investment Research, "Being one of the only two contractors in the world equipped to build nuclear-powered submarines, General Dynamics’ diverse portfolio of products and services along with its wide customer base provides it with an opportunity to generate solid revenues from different sources. Moreover, the recently approved fiscal 2018 defense policy bill, which includes provision to spend $6 billion in Navy shipbuilding, will surely boost the company's growth trajectory. Also its Gulfstream business continues to grow on the back of solid jet sales. However, the company operates in a highly competitive market and has to rely on other companies to provide materials, components and subsystems for its products. Moreover, the company has been witnessing declining backlogs in recent times.Also it has underperformed its broader industry in past one year." (10/16/2017)
- 2. Stifel Nicolaus analysts commented, "good" in the quarter with "increasing velocity" in 2H16/early 2017 and that backlogs remain solid. Analyst Joseph DeNardi commented, "General Dynamics (GD) posted better than expected EPS results of $2.62, above our $2.60 estimate and consensus' $2.54 estimate. Earnings benefited from a lower effective tax rate of 26.2% that added $0.12 to EPS relative to our 29.5% estimate. Revenue results beat our estimate, driven by stronger than expected growth across all four segments, but was still below consensus estimate, which anticipated stronger growth in the Combat System segment than what was realized. Management issued better than expected initial guidance for 2017, driven by continued growth in GD's Combat System and IS&T segments. GD continues to execute very well and will certainly benefit if an improvement in GDP drives a recovery in the business jet market. We balance the upside that would come from such an improvement with the downside should it not, and, in the end, believe more attractive risk-reward profiles exist elsewhere in the industry. As a result, we maintain our Hold rating." (1/30/2017)
Who are some of General Dynamics Corporation's key competitors?
Some companies that are related to General Dynamics Corporation include United Technologies Corporation (UTX), Lockheed Martin Corporation (LMT), Raytheon Company (RTN), Northrop Grumman Corporation (NOC), Precision Castparts Corp. (PCP), Rockwell Collins (COL), BAE Systems plc (BA), Rolls-Royce Holding PLC (RR), L-3 Communications Holdings (LLL), Huntington Ingalls Industries (HII), Orbital ATK (OA), Elbit Systems (ESLT), BWX Technologies (BWXT), Hexcel Corporation (HXL), Moog (MOG.A), Cobham plc (COB), Esterline Technologies Corporation (ESL) and Mercury Systems (MRCY).
Who are General Dynamics Corporation's key executives?
General Dynamics Corporation's management team includes the folowing people:
- Phebe N. Novakovic, Chairman of the Board, Chief Executive Officer
- Jason W. Aiken CPA, Senior Vice President, Chief Financial Officer
- M. Amy Gilliland, President - General Dynamics Information Technology
- John P. Casey, Executive Vice President - Marine Systems
- S. Daniel Johnson, Executive Vice President - Information Systems and Technology
- Mark C. Roualet, Executive Vice President - Combat Systems
- Gregory S. Gallopoulos, Senior Vice President, General Counsel, Secretary
- Kimberly A. Kuryea, Senior Vice President - Human Resources and Administration
- Robert W. Helm, Senior Vice President - Planning and Development
- William A. Moss, Vice President, Controller
Who owns General Dynamics Corporation stock?
General Dynamics Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include
LONGVIEW ASSET MANAGEMENT, LLC
(11.13%), APG Asset Management N.V. (0.13%), State Treasurer State of Michigan (0.08%), Robeco Institutional Asset Management B.V. (0.05%), Locust Wood Capital Advisers LLC (0.04%) and Barometer Capital Management Inc. (0.03%). Company insiders that own General Dynamics Corporation stock include Christopher Marzilli, Gregory S Gallopoulos, John Patrick Casey, Kimberly A Kuryea, Lester L Lyles, Mark C Roualet, Mark Lagrand Burns, Mary T Barra, Robert W Helm, S Daniel Johnson and William P Fricks. View Institutional Ownership Trends for General Dynamics Corporation.
Who sold General Dynamics Corporation stock? Who is selling General Dynamics Corporation stock?
General Dynamics Corporation's stock was sold by a variety of institutional investors in the last quarter, including Locust Wood Capital Advisers LLC, Barometer Capital Management Inc., Robeco Institutional Asset Management B.V., State Treasurer State of Michigan, Meeder Asset Management Inc., Narwhal Capital Management, Edge Wealth Management LLC and LS Investment Advisors LLC. Company insiders that have sold General Dynamics Corporation stock in the last year include Christopher Marzilli, Gregory S Gallopoulos, John Patrick Casey, Lester L Lyles, Mark Lagrand Burns, Mary T Barra, S Daniel Johnson and William P Fricks. View Insider Buying and Selling for General Dynamics Corporation.
Who bought General Dynamics Corporation stock? Who is buying General Dynamics Corporation stock?
General Dynamics Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Verde Servicos Internacionais S.A., Shell Asset Management Co., Carnick & Kubik Group LLC, APG Asset Management N.V., Quantitative Systematic Strategies LLC, Park National Corp OH, Wealth Enhancement Advisory Services LLC and Oakbrook Investments LLC. View Insider Buying and Selling for General Dynamics Corporation.
How do I buy General Dynamics Corporation stock?
Shares of General Dynamics Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is General Dynamics Corporation's stock price today?
MarketBeat Community Rating for General Dynamics Corporation (NYSE GD)MarketBeat's community ratings are surveys of what our community members think about General Dynamics Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of General Dynamics Corporation stock can currently be purchased for approximately $213.86.
Consensus Ratings for General Dynamics Corporation (NYSE:GD) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 3 Hold Ratings, 8 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.58)|
|Consensus Price Target: ||$210.25 (1.69% downside)|Consensus Price Target History for General Dynamics Corporation (NYSE:GD)
Analysts' Ratings History for General Dynamics Corporation (NYSE:GD)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/19/2017||Cowen and Company||Reiterated Rating||Buy||$230.00||N/A|
|10/9/2017||Citigroup Inc.||Reiterated Rating||Neutral||$210.00 -> $215.00||N/A|
|10/2/2017||Deutsche Bank AG||Reiterated Rating||Hold||$200.00 -> $210.00||Low|
|8/11/2017||Jefferies Group LLC||Reiterated Rating||Buy||Low|
|8/8/2017||Morgan Stanley||Initiated Coverage||Underweight -> Underweight||$185.00||Low|
|7/12/2017||Berenberg Bank||Initiated Coverage||Buy -> Buy||$230.00||Low|
|6/2/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$220.00||Low|
|5/10/2017||Sanford C. Bernstein||Reiterated Rating||Outperform -> Mkt Perform||Low|
|5/1/2017||Barclays PLC||Reiterated Rating||Overweight||$200.00 -> $210.00||Low|
|4/27/2017||Stifel Nicolaus||Boost Price Target||Hold||$173.00 -> $200.00||Low|
|1/20/2017||Robert W. Baird||Reiterated Rating||Outperform||$215.00||N/A|
|12/1/2016||S&P Equity Research||Upgrade||Buy||N/A|
|10/28/2016||Vertical Research||Initiated Coverage||Buy||$176.00||N/A|
|8/2/2016||Argus||Boost Price Target||Buy||$160.00 -> $165.00||N/A|
|5/2/2016||Goldman Sachs Group, Inc. (The)||Lower Price Target||Neutral||$151.00 -> $147.00||N/A|
|3/28/2016||Oppenheimer Holdings, Inc.||Boost Price Target||Market Perform -> Outperform||$137.00||N/A|
|3/28/2016||J P Morgan Chase & Co||Boost Price Target||Outperform||$108.00 -> $114.00||N/A|
|3/28/2016||Credit Suisse Group||Boost Price Target||Outperform||$136.00 -> $137.00||N/A|
|12/21/2015||Drexel Hamilton||Upgrade||Hold -> Buy||$153.00||N/A|
|10/29/2015||Sterne Agee CRT||Boost Price Target||Buy||$175.00||N/A|
|10/29/2015||Wolfe Research||Reiterated Rating||Outperform||$173.00 -> $170.00||N/A|
Earnings History for General Dynamics Corporation (NYSE:GD)Earnings History by Quarter for General Dynamics Corporation (NYSE GD)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$2.43||$2.45||$7.76 billion||$7.68 billion||View||N/A|
|4/26/2017||Q1 2017||$2.32||$2.48||$7.70 billion||$7.44 billion||View||N/A|
|1/27/2017||Q416||$2.54||$2.62||$8.29 billion||$8.20 billion||View||N/A|
|10/26/2016||Q316||$2.38||$2.48||$7.91 billion||$7.73 billion||View||Listen|
|7/27/2016||Q216||$2.31||$2.44||$7.88 billion||$7.66 billion||View||Listen|
|4/27/2016||Q116||$2.16||$2.34||$7.69 billion||$7.70 billion||View||Listen|
|1/27/2016||Q415||$2.38||$2.40||$8.24 billion||$7.80 billion||View||Listen|
|10/28/2015||Q315||$2.13||$2.28||$7.83 billion||$7.99 billion||View||Listen|
|7/29/2015||Q215||$2.03||$2.27||$7.68 billion||$7.90 billion||View||Listen|
|4/29/2015||Q115||$1.94||$2.14||$7.43 billion||$7.78 billion||View||Listen|
|1/28/2015||Q414||$2.10||$2.19||$8.03 billion||$8.40 billion||View||Listen|
|10/22/2014||Q314||$1.91||$2.05||$7.92 billion||$7.75 billion||View||Listen|
|7/23/2014||Q214||$1.77||$1.88||$7.53 billion||$7.83 billion||View||Listen|
|4/23/2014||Q114||$1.64||$1.71||$7.20 billion||$7.40 billion||View||Listen|
|1/22/2014||Q413||$1.76||$1.76||$8.01 billion||$8.08 billion||View||Listen|
|10/23/2013||Q313||$1.68||$1.70||$7.76 billion||$7.93 billion||View||Listen|
|7/24/2013||Q2 2013||$1.62||$1.81||$7.73 billion||$7.92 billion||View||Listen|
|4/24/2013||Q1 2013||$1.53||$1.62||$7.58 billion||$7.58 billion||View||Listen|
|1/23/2013||Q4 2012||$1.89||$1.39||$8.80 billion||$8.10 billion||View||Listen|
Earnings Estimates for General Dynamics Corporation (NYSE:GD)
2017 EPS Consensus Estimate: $9.54
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for General Dynamics Corporation (NYSE:GD)
|Dividend Growth:||20.90% (3 Year Average)|
|Payout Ratio:||34.57% (Trailing 12 Months of Earnings) |
34.25% (Based on This Year's Estimates)
31.88% (Based on Next Year's Estimates)
|Track Record:||19 Years of Consecutive Dividend Growth|
Dividend History by Quarter for General Dynamics Corporation (NYSE GD)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for General Dynamics Corporation (NYSE:GD)
Insider Ownership Percentage: 6.70%Insider Trades by Quarter for General Dynamics Corporation (NYSE:GD)
Institutional Ownership Percentage: 86.17%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/30/2017||Christopher Marzilli||VP||Sell||43,890||$201.37||$8,838,129.30|| |
|5/19/2017||Lester L Lyles||Director||Sell||2,551||$196.01||$500,021.51|| |
|3/29/2017||Mark Lagrand Burns||VP||Sell||19,075||$187.89||$3,584,001.75|| |
|3/24/2017||Mary T Barra||Director||Sell||9,860||$188.07||$1,854,370.20|| |
|3/2/2017||William P Fricks||Director||Sell||10,146||$191.19||$1,939,813.74|| |
|2/21/2017||S. Daniel Johnson||Insider||Sell||5,219||$189.31||$988,008.89|| |
|1/31/2017||Gregory S Gallopoulos||VP||Sell||39,860||$179.99||$7,174,401.40|| |
|12/5/2016||John Patrick Casey||Insider||Sell||69,895||$178.51||$12,476,956.45|| |
|9/12/2016||Robert W Helm||Insider||Sell||87,790||$150.91||$13,248,388.90|| |
|9/8/2016||Robert W Helm||Insider||Sell||149,910||$152.43||$22,850,781.30|| |
|9/6/2016||Kimberly A Kuryea||VP||Sell||4,117||$154.56||$636,323.52|| |
|8/11/2016||Mark C Roualet||Insider||Sell||40,780||$151.26||$6,168,382.80|| |
|8/4/2016||John Patrick Casey||Insider||Sell||57,490||$146.96||$8,448,730.40|| |
|8/3/2016||S. Daniel Johnson||Insider||Sell||33,650||$147.91||$4,977,171.50|| |
|7/29/2016||Gregory S Gallopoulos||VP||Sell||39,000||$146.58||$5,716,620.00|| |
|2/18/2016||Gregory S Gallopoulos||VP||Sell||60,890||$134.47||$8,187,878.30|| |
|11/2/2015||Christopher Marzilli||VP||Sell||40,550||$147.92||$5,998,156.00|| |
|8/18/2015||Marguerite Amy Gilliland||SVP||Sell||4,826||$152.35||$735,241.10|| |
|5/26/2015||Larry R Flynn||VP||Sell||57,340||$138.05||$7,915,787.00|| |
|3/2/2015||Lester L Lyles||Director||Sell||5,410||$139.86||$756,642.60|| |
|2/11/2015||John M Keane||Director||Sell||5,410||$137.22||$742,360.20|| |
|12/24/2014||Nicholas D Chabraja||Director||Sell||16,487||$141.62||$2,334,888.94|| |
|12/4/2014||William P Fricks||Director||Sell||5,410||$144.91||$783,963.10|| |
|11/24/2014||Larry R Flynn||VP||Sell||11,317||$144.97||$1,640,625.49|| |
|11/5/2014||S. Daniel Johnson||VP||Sell||27,954||$140.60||$3,930,332.40|| |
|10/31/2014||Kimberly A Kuryea||VP||Sell||5,635||$139.86||$788,111.10|| |
|10/28/2014||Christopher Marzilli||VP||Sell||17,000||$136.04||$2,312,680.00|| |
|10/28/2014||Nicholas D Chabraja||Director||Sell||22,500||$135.31||$3,044,475.00|| |
|10/27/2014||Joseph T Lombardo||EVP||Sell||99,180||$132.94||$13,184,989.20|| |
|10/24/2014||David K Heebner||EVP||Sell||48,260||$131.51||$6,346,672.60|| |
|9/12/2014||Jeffrey S Geiger||VP||Sell||23,940||$125.96||$3,015,482.40|| |
|8/20/2014||David K Heebner||EVP||Sell||47,500||$123.26||$5,854,850.00|| |
|6/19/2014||Nicholas D Chabraja||Director||Sell||50,000||$120.01||$6,000,500.00|| |
|6/10/2014||Robert W Helm||SVP||Sell||30,385||$120.48||$3,660,784.80|| |
|6/9/2014||Nicholas D Chabraja||Director||Sell||5,410||$120.88||$653,960.80|| |
|6/9/2014||Phebe N Novakovic||CEO||Sell||71,538||$120.68||$8,633,205.84|| |
|5/29/2014||Gary L Whited||VP||Sell||12,252||$117.53||$1,439,977.56|| |
|5/6/2014||Gregory Gallopoulos||VP||Sell||34,056||$111.48||$3,796,562.88|| |
|5/5/2014||David Heebner||EVP||Sell||101,550||$111.60||$11,332,980.00|| |
|3/19/2014||Nicholas Chabraja||Director||Sell||50,000||$109.41||$5,470,500.00|| |
|3/11/2014||Paul Kaminski||Director||Sell||5,740||$109.38||$627,841.20|| |
|2/20/2014||Kimberly Kuryea||VP||Sell||7,676||$107.54||$825,477.04|| |
|2/19/2014||Mark Roualet||EVP||Sell||32,502||$107.05||$3,479,339.10|| |
|2/18/2014||S. Daniel Johnson||VP||Sell||78,480||$106.59||$8,365,183.20|| |
|1/30/2014||Gregory Gallopoulos||VP||Sell||34,178||$99.50||$3,400,711.00|| |
|1/27/2014||Robert Walmsley||Director||Sell||4,456||$98.29||$437,980.24|| |
|1/24/2014||David Heebner||EVP||Sell||6,538||$99.75||$652,165.50|| |
|1/24/2014||John Keane||Director||Sell||5,550||$99.10||$550,005.00|| |
|12/20/2013||Nicholas Chabraja||Director||Sell||11,825||$93.65||$1,107,411.25|| |
|12/6/2013||Lester Lyles||Director||Sell||15,100||$90.17||$1,361,567.00|| |
|11/26/2013||Walter Oliver||SVP||Sell||64,540||$92.09||$5,943,488.60|| |
|9/12/2013||Joseph Lombardo||EVP||Sell||84,061||$86.82||$7,298,176.02|| |
|9/12/2013||Nicholas Chabraja||Director||Sell||25,000||$86.57||$2,164,250.00|| |
|9/11/2013||David Heebner||EVP||Sell||95,190||$86.36||$8,220,608.40|| |
|9/11/2013||John Keane||Director||Sell||5,550||$86.28||$478,854.00|| |
|8/22/2013||William Fricks||Director||Sell||6,786||$84.18||$571,245.48|| |
|8/6/2013||Kevin Poitras||VP||Sell||9,678||$87.41||$845,953.98|| |
|7/31/2013||Nicholas D Chabraja||Director||Sell||51,574||$85.85||$4,427,627.90|| |
|7/30/2013||Paul G Kaminski||Director||Sell||12,910||$85.25||$1,100,577.50|| |
|5/31/2013||Redd Hugh||CFO||Sell||112,106||$78.07||$8,752,115.42|| |
|5/30/2013||Phebe N Novakovic||CEO||Sell||65,649||$78.50||$5,153,446.50|| |
|5/7/2013||Robert Walmsley||Director||Sell||3,739||$75.20||$281,172.80|| |
|2/1/2013||William A Osborn||Director||Buy||5,000||$66.48||$332,400.00|| |
Headline Trends for General Dynamics Corporation (NYSE:GD)
Latest Headlines for General Dynamics Corporation (NYSE:GD)
Loading headlines, please wait.
General Dynamics Corporation (GD) Chart for Sunday, October, 22, 2017