General Dynamics Corporation (GD) Getting Somewhat Favorable Press Coverage, Report Finds
Headlines about General Dynamics Corporation (NYSE:GD) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. General Dynamics Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the aerospace company an impact score of 46.1737666397875 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Defense companies rise on North Korea uncertainty – MarketWatch (marketwatch.com)
- General Dynamics sees $75B in possible revenue with Columbia submarine construction – Washington Business Journal (bizjournals.com)
- These Stocks Went Up After Trump’s ‘Fire and Fury’ Comments to North Korea (finance.yahoo.com)
- Risky Play or Bargain? Updates on General Dynamics Corporation (NYSE:GD) and American Tower Corporation … – FLBC News (flbcnews.com)
General Dynamics Corporation (NYSE:GD) traded up 1.11% on Wednesday, hitting $201.00. The stock had a trading volume of 1,353,947 shares. General Dynamics Corporation has a one year low of $147.80 and a one year high of $205.90. The company’s 50-day moving average is $200.36 and its 200-day moving average is $192.94. The stock has a market cap of $60.26 billion, a P/E ratio of 19.86 and a beta of 0.71.
General Dynamics Corporation (NYSE:GD) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.02. The company had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The company’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm earned $2.30 earnings per share. On average, analysts anticipate that General Dynamics Corporation will post $9.82 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.84 per share. The ex-dividend date is Thursday, October 5th. This represents a $3.36 annualized dividend and a dividend yield of 1.67%. General Dynamics Corporation’s dividend payout ratio is presently 34.57%.
Several research firms recently commented on GD. UBS AG reissued a “buy” rating and set a $225.00 target price (up from $215.00) on shares of General Dynamics Corporation in a research note on Monday, June 12th. BidaskClub raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley began coverage on General Dynamics Corporation in a research note on Tuesday. They set an “underweight” rating and a $185.00 target price for the company. Zacks Investment Research cut General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. General Dynamics Corporation has an average rating of “Buy” and an average price target of $206.05.
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In related news, Director Lester L. Lyles sold 2,551 shares of General Dynamics Corporation stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $196.01, for a total value of $500,021.51. Following the completion of the transaction, the director now directly owns 7,336 shares in the company, valued at $1,437,929.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total value of $8,838,129.30. Following the completion of the transaction, the vice president now owns 107,857 shares of the company’s stock, valued at $21,719,164.09. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by company insiders.
General Dynamics Corporation Company Profile
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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