The recent news about General Dynamics (GD) have been quite substantive and wide-ranging. The company has been attracting a lot of attention both on the buy and sell side. Multiple investment and wealth management firms, including Fermata Advisors LLC, Professional Advisory Services Inc. and Park Avenue Securities LLC, have increased their stake in the company.
However, simultaneously, there have been instances of other large shareholders such as Rep. Jonathan L. Jackson and Brookstone Capital Management, selling off their shares. Market returns have been outpaced by GD, although company's returns on capital have raised concerns. Meanwhile, ratings from Baird R W and Robert W. Baird have suggested a neutral approach towards GD.
In earnings report, the Q1 EPS estimate for General Dynamics was increased by an analyst, yet the Q3 earnings and revenues lagged behind estimates. GD has shown signs of weakness despite decent financials, which has led to predictions of potential market corrections. However, the company has also bagged significant contracts and announced a $188M deal aiding Virginia Class Submarines. Additionally, GD unveiled a massive 10M share buyback plan and maintained a strong $1.42 dividend.
General Dynamics GD News Analytics from Wed, 24 Jul 2024 07:00:00 GMT to Sat, 18 Jan 2025 12:01:44 GMT - Rating 4 - Innovation -1 - Information 2 - Rumor 3
