GD Stock Summary and Trading Ideas (General Dynamics | NYSE:GD)

General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, marine, combat systems, and technology. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and other ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.

General Dynamics trades on the NYSE stock market under the symbol GD.

As of November 15, 2024, GD stock price declined to $287.99 with 1,860,744 million shares trading.

GD has a beta of 0.42, meaning it tends to be less sensitive to market movements. GD has a correlation of 0.12 to the broad based SPY ETF.

GD has a market cap of $79.13 billion. This is considered a Large Cap stock.

Last quarter General Dynamics reported $12 billion in Revenue and $3.35 earnings per share. This beat revenue expectation by $31 million and missed earnings estimates by -$.12.

In the last 3 years, GD traded as high as $316.90 and as low as $188.64.

The top ETF exchange traded funds that GD belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

GD has underperformed the market in the last year with a price return of +18.4% while the SPY ETF gained +32.1%. GD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.5% and -1.2%, respectively, while the SPY returned +8.0% and +3.0%, respectively.

GD support price is $288.97 and resistance is $295.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GD shares will trade within this expected range on the day.