Shares of General Dynamics Corporation (NYSE:GD) traded today at $191.78, eclipsing its 52-week high. Approximately 100,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.
General Dynamics Corporation (NYSE:GD) defies analysts with a current price ($189.79) 2.1% above its average consensus price target of $185.73.
General Dynamics is a long-cycle defense contractor and business jet manufacturer. The firm’s segments include aerospace, combat systems, marine, information technology, and mission systems. The company’s aerospace segment creates Gulfstream business jets. Combat systems mostly produces land-based combat vehicles, such as the M1 Abrams tank. The marine subsegment creates nuclear-powered submarines, among other things. The information technology business primarily serves the government market. The mission systems segment focuses on products that provide command, control, computers, intelligence, surveillance, and reconnaissance capabilities to the military.
Over the past year, General Dynamics Corporation has traded in a range of $121.67 to $191.78 and is now at $189.79, 56% above that low.
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