General Dynamics(GD)
Search documents
Here's Why General Dynamics (GD) Gained But Lagged the Market Today
Zacks Investment Research· 2024-03-12 23:21
The most recent trading session ended with General Dynamics (GD) standing at $274.65, reflecting a +0.5% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 1.12%. On the other hand, the Dow registered a gain of 0.61%, and the technology-centric Nasdaq increased by 1.54%.Heading into today, shares of the defense contractor had gained 1.42% over the past month, outpacing the Aerospace sector's gain of 0.58% and lagging the S&P 500's gain of 2.06% in that time.Analysts ...
General Dynamics' (GD) Board Approves 7.6% Dividend Hike
Zacks Investment Research· 2024-03-08 14:21
General Dynamics (GD) recently announced that its board of directors has approved a 7.6% increase in the quarterly dividend rate. The revised quarterly dividend will be $1.42, payable on May 10, 2024, to shareholders of record at the close of business on Apr 12.General Dynamics has been consistently increasing dividends for the past 27 years. The company’s new annualized dividend rate is $5.68 per share, resulting in an annualized dividend yield of 2.08%, based on its share price of $273.03 as of Mar 7, 202 ...
General Dynamics (GD) Increases Yet Falls Behind Market: What Investors Need to Know
Zacks Investment Research· 2024-03-07 00:01
General Dynamics (GD) closed at $273.70 in the latest trading session, marking a +0.04% move from the prior day. The stock lagged the S&P 500's daily gain of 0.51%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.58%.The the stock of defense contractor has risen by 2.21% in the past month, leading the Aerospace sector's gain of 2.07% and undershooting the S&P 500's gain of 2.94%.The upcoming earnings release of General Dynamics will be of great interest ...
General Dynamics Board Increases Dividend
Prnewswire· 2024-03-06 20:36
RESTON, Va., March 6, 2024 /PRNewswire/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.42 per share on the company's common stock, payable May 10, 2024, to shareholders of record on April 12, 2024. This is the 27th consecutive annual dividend increase authorized by the General Dynamics board and represents a 7.6% increase over last year's dividend. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products ...
General Dynamics (GD) Stock Declines While Market Improves: Some Information for Investors
Zacks Investment Research· 2024-03-01 00:01
General Dynamics (GD) ended the recent trading session at $273.25, demonstrating a -0.39% swing from the preceding day's closing price. This change lagged the S&P 500's 0.52% gain on the day. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq added 0.9%.The defense contractor's shares have seen an increase of 3.52% over the last month, surpassing the Aerospace sector's gain of 2.95% and falling behind the S&P 500's gain of 3.85%.Analysts and investors alike will be keeping a close eye on the perfo ...
Why Is General Dynamics (GD) Up 2.4% Since Last Earnings Report?
Zacks Investment Research· 2024-02-23 17:35
A month has gone by since the last earnings report for General Dynamics (GD) . Shares have added about 2.4% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is General Dynamics due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. General Dynamics' Q4 Earnings Miss, Reven ...
Here's how defensive stocks make gains using US politicians
Finbold· 2024-02-22 13:09
The longstanding issue of lobbying and Political Action Committees’ (PAC) influence on politicians persists without resolution. It is intensifying with each passing day as an increasing number of US politicians are receiving these donations.The defense sector is the industry exhibiting the most decisive influence and spending the most money on lobbying efforts. Many prominent companies within this sector directly donate to politicians running for office or those serving on influential committees within the ...
General Dynamics Corporation (GD) TD Cowen 45th Annual Aerospace & Defense Conference (Transcript)
2024-02-13 20:23
Company and Industry Overview * **Company**: General Dynamics Corporation (NYSE: GD) * **Industry**: Aerospace & Defense * **Event**: TD Cowen 45th Annual Aerospace & Defense Conference * **Date**: February 13, 2024 * **Participants**: Phebe Novakovic (CEO, General Dynamics) and Cai von Rumohr (TD Cowen) Key Takeaways 2023 Performance and Outlook * **Revenue Growth**: General Dynamics achieved strong revenue growth in 2023, driven by defense revenue and increased deliveries. * **Margin Improvement**: The company expects margin improvement in 2024, driven by volume mix, cost efficiency, and reduced R&D expenses. * **Earnings Growth**: General Dynamics anticipates additional earnings growth as a result of revenue growth and margin improvement. Aerospace Segment * **Gulfstream**: Gulfstream deliveries are expected to increase by 44% in 2024, driven by strong demand and the ramp-up of the G700 program. * **Supply Chain**: The aerospace supply chain is improving, but there are still challenges, particularly in out-of-station work. * **Labor Market**: Gulfstream does not face labor issues, while the Marine Group has seen improved hiring and training programs. Marine Segment * **Marine Group**: The Marine Group is focused on increasing throughput and productivity to offset supply chain challenges and cost impacts. * **Supply Chain**: The marine supply chain is improving, but there are still elements that need further improvement. * **Labor Market**: The Marine Group has seen increased hiring and training programs, leading to improved productivity. Combat Systems Segment * **Combat Systems**: The Combat Systems segment is well-positioned for growth through 2026, driven by strong demand for munitions and land systems. * **Munitions**: The company has tripled 155mm production in two years and is focused on replenishing stockpiles. * **Land Systems**: Demand for land systems is increasing in Europe, Asia, and the United States. Technology Segment * **Technology**: The Technology segment is expected to grow at a low single-digit rate, driven by new orders and margin improvement. * **Mission Systems**: Mission Systems is expected to achieve a solid book-to-bill ratio and see growth in space orders. * **Technology**: The Technology segment is focused on increasing margins as it ramps up on newer programs. Financials * **Cash Flow**: General Dynamics expects strong cash flow conversion, driven by improved operating performance and reduced capital expenditures. * **Capital Deployment**: The company plans to focus on share repurchases, with a bias towards opportunistic purchases. Risks * **Supply Chain**: The stability of the supply chain remains a key risk. * **Geopolitical Events**: Unexpected geopolitical events could impact the company's business. * **Macroeconomic Stress**: Macroeconomic stress could impact the company's business and demand for defense products. Conclusion General Dynamics is well-positioned for growth in 2024 and beyond, driven by strong demand for defense products, improved operating performance, and prudent capital deployment. The company is focused on margin improvement and driving value for its customers, employees, and shareholders.
General Dynamics Had a Ho-Hum 2023. Will 2024 Be Better?
The Motley Fool· 2024-02-10 18:06
It's still earnings season on Wall Street -- for many stocks. But for defense stocks in particular, earnings season wrapped up with a blockbuster report from Huntington Ingalls. Now that the noise has died down, it's time to start looking for winners and losers within the sector.And with its shares up 7.3% since earnings were released last month, it's clear that General Dynamics (GD 0.42%) is one of the biggest winners.General Dynamics in 2023Shares of the defense major, known mainly as a builder of naval w ...
General Dynamics(GD) - 2023 Q4 - Annual Report
2024-02-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [☑] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR [☐] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 1-3671 GENERAL DYNAMICS CORPORATION (Exact name of registrant as specified in its charter) | | | State or other juris ...