Favorable Media Coverage Somewhat Unlikely to Affect General Dynamics Corporation (GD) Stock Price
News coverage about General Dynamics Corporation (NYSE:GD) has been trending positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing 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 news sentiment score of 0.26 on Accern’s scale. Accern also assigned media stories about the aerospace company an impact score of 46.6597694740543 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Near-Term, Can These Stocks Move the Needle: General Dynamics Corporation (NYSE:GD) and Tesla, Inc. (NASDAQ … – FLBC News (flbcnews.com)
- General Dynamics Corp. breached its 50 day moving average in a Bearish Manner : GD-US : August 18, 2017 (finance.yahoo.com)
- General Dynamics Awarded $115 Million by U.S. Navy for Virginia-Class Submarine Work (finance.yahoo.com)
- General Dynamics Wins $115M Virginia-class Submarine Deal … – Nasdaq (nasdaq.com)
GD has been the topic of several recent research reports. Cowen and Company restated a “buy” rating and issued a $210.00 price target on shares of General Dynamics Corporation in a research report on Monday, July 17th. BidaskClub lowered shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Sanford C. Bernstein restated a “mkt perform” rating on shares of General Dynamics Corporation in a research report on Wednesday, May 10th. Barclays PLC reaffirmed an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of General Dynamics Corporation in a research note on Monday, May 1st. Finally, Zacks Investment Research lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $206.59.
Shares of General Dynamics Corporation (NYSE GD) traded up 0.37% during midday trading on Friday, hitting $198.73. 1,581,719 shares of the company’s stock were exchanged. The company has a 50-day moving average of $199.79 and a 200-day moving average of $194.45. General Dynamics Corporation has a 52 week low of $148.76 and a 52 week high of $205.90. The firm has a market cap of $59.58 billion, a price-to-earnings ratio of 19.63 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The business had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the prior year, the company posted $2.30 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Equities research analysts expect that General Dynamics Corporation will post $9.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.
In related news, VP Christopher Marzilli sold 43,890 shares of the stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.70% of the company’s stock.
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About General Dynamics Corporation
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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