General Dynamics (GD) has received a mix of positive and negative outlooks. The company's
Q4 2023 earnings are set, and they're planning a dedicated webcast for the
2024 Fourth-Quarter and Full-Year financial results, indicating transparency and willingness to keep investors informed. A significant boost was the
purchase of over 107,000 shares by Wealth Enhancement Advisory Services. However, there's pushback; Wells Fargo issued a negative forecast for GD's stock price and the company faced
stock price cuts by Susquehanna and Barclays. GD won a
$188 million contract for the Virginia Class Submarines, contributing positively to projected earnings. On the downside,
sales slipped in GD's most profitable business division, and despite
Q3 profit growth, sales fell below analyst estimates suggesting potential forecasting shortcomings. The cybersecurity angle seems promising; analysts are questioning if GD might be the
best cybersecurity stock to buy, after
remarkable returns of 68% over five years. Even with varied performance, GD holds the interest of institutional investment firms. GD's
share buyback plan, keeping a strong $1.42 dividend, indicates confidence in the company's stability but insider sales may lead to a bearish overview.
General Dynamics GD News Analytics from Wed, 15 May 2024 07:00:00 GMT to Sat, 11 Jan 2025 13:00:00 GMT -
Rating 2
- Innovation 5
- Information 8
- Rumor -6
