General Dynamics Co. (NYSE:GD) has experienced a variety of highs and lows over the past quarter. Q3 earnings were not as high as anticipated but the company also secured a substantial U.S. military aircraft support contract valued at $991M. The company's stock has seen activity from institutional investors such as LPL Financial, which added 19,811 shares to its portfolio and Icon Wealth Advisors owning $3.97M stock, while others, like Strategy Asset Managers and AMG National Trust Bank, trimmed their stakes. Despite seeing a 7.1% decrease since the last earnings report, General Dynamics has been viewed as a potential 'Trump Trade'. Additionally, insiders sold US$23m in stock, which may allude to potential future weakness. The company has also landed a number of major contracts, including a significant one to support the Abrams Battle Tank. The company's Q3 earnings and revenues missed estimates but despite the slips in sales, General Dynamics' most profitable business could soon see a boom. Its aerospace and defense outlook received a boost following FAA certification, though the company lags behind the market in terms of gains and is also expected to lag according to next week's release.
General Dynamics GD News Analytics from Wed, 24 Apr 2024 07:00:00 GMT to Sat, 23 Nov 2024 14:33:39 GMT -
Rating -2
- Innovation 3
- Information 5
- Rumor -2
