About General Dynamics (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
Industry Aerospace & Defense
Sub-IndustryAerospace & Defense
Trailing P/E Ratio20.4895729890765
Forward P/E Ratio21.05
Sales & Book Value
Annual Sales$31.35 billion
Price / Sales1.96
Cash Flow$11.31 per share
Price / Cash18.24
Book Value$36.04 per share
Price / Book5.73
Net Income$2.96 billion
Return on Equity27.98%
Return on Assets9.15%
General Dynamics (NYSE:GD) Frequently Asked Questions
What is General Dynamics' stock symbol?
General Dynamics trades on the New York Stock Exchange (NYSE) under the ticker symbol "GD."
How often does General Dynamics pay dividends? What is the dividend yield for General Dynamics?
General Dynamics declared a quarterly dividend on Wednesday, December 6th. Investors of record on Friday, January 19th will be paid a dividend of $0.84 per share on Friday, February 9th. This represents a $3.36 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, January 18th. View General Dynamics' Dividend History.
How will General Dynamics' stock buyback program work?
General Dynamics announced that its board has approved a share buyback plan on Sunday, April 9th 2017, which allows the company to repurchase 10,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.
How were General Dynamics' earnings last quarter?
General Dynamics Co. (NYSE:GD) announced its quarterly earnings data on Wednesday, October, 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.43 by $0.09. The aerospace company earned $7.58 billion during the quarter, compared to the consensus estimate of $7.94 billion. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The firm's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.36 EPS. View General Dynamics' Earnings History.
When will General Dynamics make its next earnings announcement?
What guidance has General Dynamics issued on next quarter's earnings?
General Dynamics updated its FY17 earnings guidance on Wednesday, October, 25th. The company provided earnings per share (EPS) guidance of $9.75-9.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.81.
Where is General Dynamics' stock going? Where will General Dynamics' stock price be in 2018?
12 Wall Street analysts have issued twelve-month price targets for General Dynamics' shares. Their forecasts range from $185.00 to $239.00. On average, they expect General Dynamics' stock price to reach $219.69 in the next year. View Analyst Ratings for General Dynamics.
What are Wall Street analysts saying about General Dynamics stock?
Here are some recent quotes from research analysts about General Dynamics 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. The recent budgetary amendments in the country have been in favor of the company’s business line. However, General Dynamics 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 underperformed the broader industry in last one year. Further, the company’s dependence on international sales for a major portion of its revenues exposes it to the risk of currency fluctuations." (1/11/2018)
- 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' key competitors?
Some companies that are related to General Dynamics include United Technologies (UTX), Lockheed Martin (LMT), Raytheon (RTN), Northrop Grumman (NOC), Precision Castparts (PCP), Rockwell Collins (COL), BAE Systems (BA), L3 Technologies (LLL), Rolls-Royce (RR), Arconic (ARNC), Huntington Ingalls Industries (HII), Orbital ATK (OA), Elbit Systems (ESLT), BWX Technologies (BWXT), Hexcel (HXL), Moog (MOG.A), Moog (MOG) and Cobham (COB).
Who are General Dynamics' key executives?
General Dynamics' management team includes the folowing people:
- Phebe N. Novakovic, Chairman of the Board, Chief Executive Officer (Age 59)
- Jason W. Aiken CPA, Senior Vice President, Chief Financial Officer (Age 44)
- M. Amy Gilliland, President - General Dynamics Information Technology (Age 42)
- John P. Casey, Executive Vice President - Marine Systems (Age 62)
- S. Daniel Johnson, Executive Vice President - Information Systems and Technology (Age 69)
- Mark C. Roualet, Executive Vice President - Combat Systems (Age 58)
- Gregory S. Gallopoulos, Senior Vice President, General Counsel, Secretary (Age 57)
- Kimberly A. Kuryea, Senior Vice President - Human Resources and Administration (Age 50)
- Robert W. Helm, Senior Vice President - Planning and Development (Age 65)
- William A. Moss, Vice President, Controller (Age 53)
Who owns General Dynamics stock?
General Dynamics' stock is owned by a number of of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.52%), Nisa Investment Advisors LLC (0.04%), Confluence Investment Management LLC (0.03%), Trust Department MB Financial Bank N A (0.02%), Exxonmobil Investment Management Inc. TX (0.01%) and Capital City Trust Co. FL (0.01%). Company insiders that own General Dynamics 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.
Who sold General Dynamics stock? Who is selling General Dynamics stock?
General Dynamics' stock was sold by a variety of institutional investors in the last quarter, including Exxonmobil Investment Management Inc. TX, First Citizens Bank & Trust Co., NEXT Financial Group Inc, Trust Department MB Financial Bank N A, Leavell Investment Management Inc., Legacy Private Trust Co., Louisiana State Employees Retirement System and Nisa Investment Advisors LLC. Company insiders that have sold General Dynamics company 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.
Who bought General Dynamics stock? Who is buying General Dynamics stock?
General Dynamics' stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Oak Point Wealth Management, Country Club Trust Company n.a., Atria Investments LLC, 440 Investment Group LLC, Acropolis Investment Management LLC, E&G Advisors LP and Confluence Investment Management LLC. View Insider Buying and Selling for General Dynamics.
How do I buy General Dynamics stock?
Shares of General Dynamics can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is General Dynamics' stock price today?
One share of General Dynamics stock can currently be purchased for approximately $206.33.
How big of a company is General Dynamics?
General Dynamics has a market capitalization of $61.61 billion and generates $31.35 billion in revenue each year. The aerospace company earns $2.96 billion in net income (profit) each year or $10.07 on an earnings per share basis. General Dynamics employs 98,800 workers across the globe.
How can I contact General Dynamics?
General Dynamics' mailing address is 2941 Fairview Park Dr Ste 100, FALLS CHURCH, VA 22042-4541, United States. The aerospace company can be reached via phone at +1-703-8763000 or via email at [email protected]
MarketBeat Community Rating for General Dynamics (GD)MarketBeat's community ratings are surveys of what our community members think about General Dynamics 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.
General Dynamics (NYSE:GD) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Buy||Buy|
|Consensus Rating Score: ||2.38||2.38||2.54||2.69|
|Ratings Breakdown: ||2 Sell Rating(s)|
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
4 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$219.69||$218.85||$210.25||$203.17|
|Price Target Upside: ||7.32% upside||9.62% upside||0.07% downside||1.00% upside|
General Dynamics (NYSE:GD) Consensus Price Target History
General Dynamics (NYSE:GD) Analyst Ratings History
(Data available from 1/17/2016 forward)
General Dynamics (NYSE:GD) Earnings History and Estimates Chart
General Dynamics (NYSE GD) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/25/2017||Q3 2017||$2.43||$2.52||$7.94 billion||$7.58 billion||View||N/A|
|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|
General Dynamics (NYSE:GD) Earnings Estimates
Current Year EPS Consensus Estimate: $9.8 EPS
Next Year EPS Consensus Estimate: $10.88 EPS
General Dynamics (NYSE:GD) Dividend Information
|Dividend Growth:||10.70% (3 Year Average)|
|Payout Ratio:||33.37% (Trailing 12 Months of Earnings) |
34.29% (Based on This Year's Estimates)
30.88% (Based on Next Year's Estimates)
|Track Record:||20 Years of Consecutive Dividend Growth|
General Dynamics (NYSE:GD) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
General Dynamics (NYSE GD) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 6.70%
Institutional Ownership Percentage: 86.76%
General Dynamics (NYSE GD) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|11/6/2017||Gregory S Gallopoulos||VP||Sell||78,370||$202.93||$15,903,624.10|| |
|11/1/2017||John Patrick Casey||Insider||Sell||34,945||$201.38||$7,037,224.10||144,378|| |
|5/30/2017||Christopher Marzilli||VP||Sell||43,890||$201.37||$8,838,129.30||107,857|| |
|5/19/2017||Lester L Lyles||Director||Sell||2,551||$196.01||$500,021.51||7,336|| |
|3/29/2017||Mark Lagrand Burns||VP||Sell||19,075||$187.89||$3,584,001.75||48,453|| |
|3/24/2017||Mary T Barra||Director||Sell||9,860||$188.07||$1,854,370.20||11,636|| |
|3/2/2017||William P Fricks||Director||Sell||10,146||$191.19||$1,939,813.74||43,856|| |
|2/21/2017||S. Daniel Johnson||Insider||Sell||5,219||$189.31||$988,008.89||65,243|| |
|1/31/2017||Gregory S Gallopoulos||VP||Sell||39,860||$179.99||$7,174,401.40||146,534|| |
|12/5/2016||John Patrick Casey||Insider||Sell||69,895||$178.51||$12,476,956.45||197,562|| |
|9/12/2016||Robert W Helm||Insider||Sell||87,790||$150.91||$13,248,388.90||157,176|| |
|9/8/2016||Robert W Helm||Insider||Sell||149,910||$152.43||$22,850,781.30||108,119|| |
|9/6/2016||Kimberly A Kuryea||VP||Sell||4,117||$154.56||$636,323.52||36,412|| |
|8/11/2016||Mark C Roualet||Insider||Sell||40,780||$151.26||$6,168,382.80||135,905|| |
|8/4/2016||John Patrick Casey||Insider||Sell||57,490||$146.96||$8,448,730.40||165,118|| |
|8/3/2016||S. Daniel Johnson||Insider||Sell||33,650||$147.91||$4,977,171.50||107,922|| |
|7/29/2016||Gregory S Gallopoulos||VP||Sell||39,000||$146.58||$5,716,620.00||153,848|| |
|2/18/2016||Gregory S Gallopoulos||VP||Sell||60,890||$134.47||$8,187,878.30||171,630|| |
|11/2/2015||Christopher Marzilli||VP||Sell||40,550||$147.92||$5,998,156.00||55,587|| |
|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||101,899|| |
|5/5/2014||David Heebner||EVP||Sell||101,550||$111.60||$11,332,980.00||156,226|| |
|3/19/2014||Nicholas Chabraja||Director||Sell||50,000||$109.41||$5,470,500.00||753,252|| |
|3/11/2014||Paul Kaminski||Director||Sell||5,740||$109.38||$627,841.20||17,696|| |
|2/20/2014||Kimberly Kuryea||VP||Sell||7,676||$107.54||$825,477.04||23,376|| |
|2/19/2014||Mark Roualet||EVP||Sell||32,502||$107.05||$3,479,339.10||84,852|| |
|2/18/2014||S. Daniel Johnson||VP||Sell||78,480||$106.59||$8,365,183.20||46,902|| |
|1/30/2014||Gregory Gallopoulos||VP||Sell||34,178||$99.50||$3,400,711.00||84,455|| |
|1/27/2014||Robert Walmsley||Director||Sell||4,456||$98.29||$437,980.24||13,311|| |
|1/24/2014||David Heebner||EVP||Sell||6,538||$99.75||$652,165.50||140,379|| |
|1/24/2014||John Keane||Director||Sell||5,550||$99.10||$550,005.00||6,690|| |
|12/20/2013||Nicholas Chabraja||Director||Sell||11,825||$93.65||$1,107,411.25||802,850|| |
|12/6/2013||Lester Lyles||Director||Sell||15,100||$90.17||$1,361,567.00||7,695|| |
|11/26/2013||Walter Oliver||SVP||Sell||64,540||$92.09||$5,943,488.60||89,273|| |
|9/12/2013||Joseph Lombardo||EVP||Sell||84,061||$86.82||$7,298,176.02||114,178|| |
|9/12/2013||Nicholas Chabraja||Director||Sell||25,000||$86.57||$2,164,250.00||825,720|| |
|9/11/2013||David Heebner||EVP||Sell||95,190||$86.36||$8,220,608.40||150,239|| |
|9/11/2013||John Keane||Director||Sell||5,550||$86.28||$478,854.00||6,299|| |
|8/22/2013||William Fricks||Director||Sell||6,786||$84.18||$571,245.48||40,663|| |
|8/6/2013||Kevin Poitras||VP||Sell||9,678||$87.41||$845,953.98||12,403|| |
|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|| |
General Dynamics (NYSE GD) News Headlines
General Dynamics (NYSE:GD) SEC Filings
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General Dynamics (NYSE:GD) Income Statement, Balance Sheet and Cash Flow Statement
General Dynamics (NYSE GD) Stock Chart for Wednesday, January, 17, 2018