Media stories about General Dynamics (NYSE:GD) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news 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 news sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the aerospace company an impact score of 45.5231214774049 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
A number of equities analysts recently weighed in on the company. Cowen reiterated a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a research report on Thursday, October 26th. ValuEngine lowered General Dynamics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price target for the company in a research report on Thursday, October 26th. Credit Suisse Group reiterated an “outperform” rating and issued a $238.00 price target (up previously from $216.00) on shares of General Dynamics in a research report on Thursday, October 26th. Finally, Citigroup reiterated a “neutral” rating and issued a $215.00 price target (up previously from $210.00) on shares of General Dynamics in a research report on Monday, October 9th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $218.24.
Shares of General Dynamics (GD) traded down $0.51 during trading on Friday, reaching $204.70. The company had a trading volume of 1,713,700 shares, compared to its average volume of 1,220,000. The stock has a market cap of $61,120.00, a P/E ratio of 20.33, a P/E/G ratio of 2.28 and a beta of 0.72. 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 $172.43 and a 1 year high of $214.81.
General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. The firm had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.94 billion. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.36 EPS. research analysts forecast that General Dynamics will post 9.8 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s dividend payout ratio is currently 33.37%.
In other news, VP Gregory S. Gallopoulos sold 78,370 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $202.93, for a total transaction of $15,903,624.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Patrick Casey sold 34,945 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total value of $7,037,224.10. Following the sale, the insider now directly owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by corporate insiders.
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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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