The American aerospace and defense company, General Dynamics (GD), has been undergoing significant movements. There have been several large insider trades recently, with both the CEO and VP of the company selling a substantial amount of stock. Q1 2024 earnings have been released with mixed results causing fluctuations in the price of the GD stock. Apollon Wealth Management and GUNN & Co Investment have both increased their GD holdings, while New York Life Investment Management and Fifth Third Bancorp made cuts. Overall, the stock has been performing well since the last earnings report, with a mix of minor gains and losses on the market.
A number of contracts have been won by GD, bringing in hundreds of millions of dollars. This includes a US Army Europe contract worth approximately $695M, a U.S Navy contract worth $120M, and a CENTCOM modernization deal worth $922M. Despite this, GD's stock ratings have been mixed with some analysts cutting it to 'buy' but others upgrading the rating.
Future earnings are expected to grow, with projections aligning with recent EPS. Additionally, GD's backlog, nearing $93.6B, is setting the stage for potential record profits. However, there are reservations about approving a significant pay raise for GD's CEO.
Finally, Jefferies upgraded GD on the potential of Gulfstream growth, and GD received approval for its G700 Aircraft.
General Dynamics GD News Analytics from Mon, 23 Oct 2023 07:00:00 GMT to Tue, 07 May 2024 04:08:12 GMT - Rating 3 - Innovation 2 - Information 8 - Rumor 6
