General Dynamics Corp (NYSE: GD) has reported earnings for its first fiscal quarter (ending March 31) of $2.92 versus $2.66 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $12.39 compared to $12.34 a year ago.
Recent Price Action
General Dynamics Corp (NYSE: GD) stock closed at $281.11 on 4/24/24 after a decline of -4.0%. Moreover, this decline was accompanied by exceptionally high trading volume at 423% of normal. The stock has declined -1.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GD’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
General Dynamics has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. General Dynamics has a poor Appreciation Score of 18 but a good Power Rating of 83, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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