General Dynamics (GD) shows firm financial performance despite recording some variances. The company recently reported a
data breach owing to a phishing campaign, while maintaining steady growth throughout the past five years. Additionally, GD posted third quarter financial results for 2024, with investors continuing to see respectable returns. Though the stock experienced slight falter amid market uptick, GD still secured a
$235M contract for its submarine program. Among the best aerospace and defense stocks to buy, GD significantly meets the cross for earnings growth, however, a decline of 7.1% was observed since last earnings report. On one hand, despite bearish signals for General Dynamics, insiders sold their stakes, but hedge funds identify GD as an undervalued aerospace stock. Its Q3 earnings and revenues slightly missing the estimates and possible issues in capital allocation were noted. On the bright side, GD unveiled a massive
10million share buyback plan accompanied by a strong $1.42 dividend. An FAA certification reportedly boosts its aerospace and defense outlook, yet sales persistently fell below estimates in Q3 earnings. Analysts rate GD as one of the best performing cybersecurity stock of 2024, but the company faces continued decline amid federal budget cuts.
General Dynamics GD News Analytics from Tue, 11 Jun 2024 07:00:00 GMT to Fri, 27 Dec 2024 09:55:32 GMT -
Rating -4
- Innovation 2
- Information 6
- Rumor -2
