GD - General Dynamics Had a Ho-Hum 2023. Will 2024 Be Better?

2024-02-10 13:06:00 ET

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 (NYSE: GD) is one of the biggest winners.

Shares of the defense major, known mainly as a builder of naval warships for the Navy, and armored vehicles for the Army and Marine Corps (with a nice side business building Gulfstreams for civilian jet-setters) were buoyed by strong Q4 sales growth, up 7.5% to $11.7 billion. They weren't hurt badly by earnings, either -- although those rose less than 2 % to just $3.64 per share.

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