General Dynamics (GD) Receiving Somewhat Favorable Press Coverage, Report Finds
Media headlines about General Dynamics (NYSE:GD) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. 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 earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 45.9599817359956 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- General Dynamics Corp. breached its 50 day moving average in a Bullish Manner : GD-US : December 1, 2017 (finance.yahoo.com)
- General Dynamics Awarded U.S. Army Mission Training Support Contract (finance.yahoo.com)
- General Dynamics NASSCO Begins Construction on Matson Containership (finance.yahoo.com)
- Lockheed Martin Corp.: Soaring High with its F-35 Fighter Jet – Dividend.com (dividend.com)
- Better Buy: General Dynamics Corporation vs. Lockheed Martin – Motley Fool (fool.com)
Shares of General Dynamics (GD) traded down $4.52 on Friday, reaching $202.64. 1,311,450 shares of the company’s stock were exchanged, compared to its average volume of 954,073. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. General Dynamics has a 1 year low of $168.00 and a 1 year high of $214.81. The company has a market capitalization of $61,854.44, a price-to-earnings ratio of 20.57, a P/E/G ratio of 2.48 and a beta of 0.72.
GD has been the subject of a number of analyst reports. Credit Suisse Group restated an “outperform” rating and set a $238.00 price objective (up previously from $216.00) on shares of General Dynamics in a report on Thursday, October 26th. ValuEngine upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus boosted their price objective on shares of General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research cut shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Finally, Cowen restated a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $218.45.
In other news, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the completion of the sale, the insider now directly owns 144,378 shares in the company, valued at approximately $29,074,841.64. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.
General Dynamics 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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