General Dynamics (GD) Receives Media Impact Score of 0.25
News coverage about General Dynamics (NYSE:GD) has trended positive on Friday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. General Dynamics earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the aerospace company an impact score of 45.4597858023436 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- General Dynamics awarded $33M contract for USS Nimitz upgrade (upi.com)
- Ex-Dividend Alert: General Dynamics Has Raised Dividend for 20 Consecutive Years; Will Trade Ex-Dividend on January 18, 2018 (finance.yahoo.com)
- General Dynamics (GD) Set to Announce Earnings on Wednesday (americanbankingnews.com)
- Is General Dynamics Corporation a Buy? (fool.com)
- General Dynamics Secures Potential $1B Armored Vehicle Supply Deal With Romania (govconwire.com)
Shares of General Dynamics (GD) traded up $1.30 during mid-day trading on Friday, reaching $209.10. The company had a trading volume of 1,407,603 shares, compared to its average volume of 1,270,000. General Dynamics has a 1-year low of $172.43 and a 1-year high of $214.81. The company has a market capitalization of $62,430.00, a PE ratio of 20.76, a PEG ratio of 2.25 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.93.
General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.09. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The business had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same period in the prior year, the business posted $2.36 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. sell-side analysts predict that General Dynamics will post 9.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 19th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s payout ratio is 33.37%.
Several research firms have recently weighed in on GD. ValuEngine cut General Dynamics from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $234.00 price target on the stock in a report on Friday. Jefferies Group restated a “buy” rating and set a $237.00 price target on shares of General Dynamics in a report on Monday, January 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $220.00 target price on shares of General Dynamics in a report on Tuesday, January 9th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $210.00 target price (up from $200.00) on shares of General Dynamics in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. General Dynamics presently has an average rating of “Hold” and an average target price of $218.67.
In other General Dynamics news, insider John Patrick Casey sold 34,945 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 144,378 shares in the company, valued at approximately $29,074,841.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $202.93, for a total value of $15,903,624.10. 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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