News stories about General Dynamics (NYSE:GD) have been trending positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. General Dynamics earned a media sentiment score of 2.17 on their scale. InfoTrie also assigned news stories about the aerospace company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected General Dynamics’ score:
- General Dynamics (GD) IT Division Secures Five to Ten Year, Max Value $1.6B Federal Health Care Quality Measurement Contract (streetinsider.com)
- General Dynamics Information Technology Awarded Federal Health Care Quality Measurement Contract (finance.yahoo.com)
- Used private jets from China are landing with U.S. buyers (finance.yahoo.com)
- What the midterm results mean for government contractors (finance.yahoo.com)
- Cloudy Skies in China for Small US Aircraft Makers (wsj.com)
GD has been the topic of a number of research analyst reports. Cowen reissued a “buy” rating and set a $253.00 price objective on shares of General Dynamics in a report on Monday, October 15th. Credit Suisse Group cut their target price on shares of General Dynamics from $229.00 to $216.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th. Bank of America set a $275.00 target price on shares of General Dynamics and gave the company a “buy” rating in a research report on Tuesday, July 31st. Robert W. Baird cut their target price on shares of General Dynamics from $243.00 to $222.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th. Finally, Wells Fargo & Co cut their target price on shares of General Dynamics from $250.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. General Dynamics has a consensus rating of “Hold” and a consensus target price of $231.00.
General Dynamics stock traded down $0.06 during trading hours on Friday, reaching $184.50. 1,245,220 shares of the company’s stock traded hands, compared to its average volume of 1,553,968. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89. General Dynamics has a fifty-two week low of $164.76 and a fifty-two week high of $230.00. The company has a market cap of $53.96 billion, a PE ratio of 18.54, a PEG ratio of 1.45 and a beta of 0.98.
General Dynamics (NYSE:GD) last released its earnings results on Wednesday, October 24th. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.13. The company had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $9.41 billion. General Dynamics had a net margin of 9.01% and a return on equity of 27.22%. The company’s revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.52 EPS. Research analysts forecast that General Dynamics will post 11.3 EPS for the current year.
In related news, insider S. Daniel Johnson sold 77,810 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $199.85, for a total value of $15,550,328.50. Following the sale, the insider now directly owns 99,333 shares in the company, valued at approximately $19,851,700.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Patrick Casey sold 22,500 shares of the stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $193.28, for a total transaction of $4,348,800.00. Following the completion of the sale, the insider now owns 118,555 shares in the company, valued at $22,914,310.40. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.
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General Dynamics Company Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.
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