There has been a significant amount of market activity concerning General Dynamics (NYSE:GD). While Barclays and The Goldman Sachs Group have reduced their expectations for the corporation's stock price, other firms such as Wells Fargo & Company and JPMorgan Chase & Co. have set new price targets. Q4 earnings were reported, showing a double-digit growth in both revenue and profit. The results were in line with market expectations but missed the projected EPS by $0.14. This led to a reduction in the company’s stock positions by some companies while others increased their holdings. For example, Money Concepts Capital Corp purchased 1,739 shares and State of Alaska Department of Revenue reduced its stock position. Significant trading actions included several acquisitions and sell-offs from various firms such as Yousif Capital Management, Berkshire Money Management, and Strategic Wealth Investment Group among others. Despite the fluctuating market activity, General Dynamics' total shareholder returns over the past five years have seen a respectable 68% increase. The aerospace and defence manufacturer reported strong revenue growth amid challenges and outperformed estimates. It also clinched a $188M deal to support Virginia Class Submarines.
General Dynamics GD News Analytics from Wed, 24 Jul 2024 07:00:00 GMT to Sat, 08 Feb 2025 10:48:45 GMT - Rating 5 - Innovation 5 - Information 9 - Rumor -5
