General Motors (NYSE:GM) Hits New 12-Month High – Should You Buy?

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) shares reached a new 52-week high on Monday . The company traded as high as $83.68 and last traded at $83.25, with a volume of 600196 shares trading hands. The stock had previously closed at $82.35.

More General Motors News

Here are the key news stories impacting General Motors this week:

Wall Street Analysts Forecast Growth

GM has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating on shares of General Motors in a research report on Wednesday, October 22nd. Jefferies Financial Group lifted their price objective on General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, October 6th. Mizuho set a $90.00 target price on General Motors in a research note on Tuesday, December 16th. Weiss Ratings cut shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Finally, Tigress Financial raised their price objective on shares of General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.76.

Check Out Our Latest Analysis on GM

General Motors Stock Performance

The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The company has a market cap of $77.18 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30. The company’s 50-day moving average price is $71.88 and its two-hundred day moving average price is $60.78.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter in the prior year, the firm earned $2.96 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, equities analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, December 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, December 5th. General Motors’s payout ratio is currently 12.07%.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 6,600 shares of General Motors stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the transaction, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $527,380.35. This trade represents a 43.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Christopher Hatto sold 7,724 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total value of $556,128.00. Following the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $864,504. This represents a 39.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 450,182 shares of company stock valued at $28,994,291 over the last three months. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tiemann Investment Advisors LLC raised its stake in shares of General Motors by 3.1% in the third quarter. Tiemann Investment Advisors LLC now owns 5,045 shares of the auto manufacturer’s stock worth $308,000 after acquiring an additional 150 shares during the last quarter. Hemington Wealth Management increased its stake in shares of General Motors by 14.5% in the 3rd quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock valued at $74,000 after buying an additional 154 shares during the period. Fielder Capital Group LLC raised its position in shares of General Motors by 3.3% during the third quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock worth $313,000 after acquiring an additional 163 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of General Motors by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock valued at $318,000 after acquiring an additional 171 shares during the period. Finally, Sowell Financial Services LLC boosted its holdings in General Motors by 2.9% in the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock valued at $336,000 after acquiring an additional 195 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

About General Motors

(Get Free Report)

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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