Somewhat Favorable Media Coverage Somewhat Unlikely to Impact General Dynamics Corporation (GD) Share Price
Media headlines about General Dynamics Corporation (NYSE:GD) have trended somewhat positive on Monday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. General Dynamics Corporation earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media stories about the aerospace company an impact score of 45.9629741395137 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- General Dynamics Corporation (GD) share Price trades 6.18% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Investor Watch: Checking on Shares of General Dynamics Corporation (NYSE:GD) – Jonesboro Recorder (jonesbororecorder.com)
- Company In The Limelight: General Dynamics Corp (GD) – Bulletin News (orobulletin.com)
- Chartists Place General Dynamics Corp (GD) on Notice: Technical Update – Evergreen Caller (evergreencaller.com)
- Technical Facts to Know: General Dynamics Corporation (GD) traded -3.89% away from 52-Week High: General … – Voice Of Analysts (analystsbuzz.com)
General Dynamics Corporation (GD) traded up 1.22% during mid-day trading on Monday, reaching $200.30. 1,192,199 shares of the company were exchanged. The firm has a market capitalization of $60.05 billion, a P/E ratio of 19.79 and a beta of 0.71. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $205.90. The stock has a 50-day moving average of $199.79 and a 200 day moving average of $194.16.
General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.02. The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.30 earnings per share. Equities research analysts forecast that General Dynamics Corporation will post $9.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be paid a $0.84 dividend. The ex-dividend date is Thursday, October 5th. This represents a $3.36 annualized dividend and a yield of 1.68%. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.
A number of research analysts have recently issued reports on the stock. UBS AG reaffirmed a “buy” rating and issued a $225.00 price objective (up previously from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. BidaskClub raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating on shares of General Dynamics Corporation in a research report on Friday. Citigroup Inc. reaffirmed a “neutral” rating and issued a $210.00 price objective (up previously from $207.00) on shares of General Dynamics Corporation in a research report on Friday. Finally, Morgan Stanley assumed coverage on shares of General Dynamics Corporation in a research report on Tuesday, August 8th. They issued an “underweight” rating and a $185.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $206.59.
In other General Dynamics Corporation news, Director Lester L. Lyles sold 2,551 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $196.01, for a total value of $500,021.51. Following the transaction, the director now directly owns 7,336 shares in the company, valued at $1,437,929.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher Marzilli sold 43,890 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the completion of the transaction, the vice president now owns 107,857 shares in the company, valued at $21,719,164.09. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.
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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