The asset management firm Hendley & Co. Inc. has increased its stakes in defense industry giant General Dynamics (GD). Despite market dips, GD's shares gained traction potentially as a result of increasing global tensions boosting the defense sector. However, GD has also faced a decline of 2.1% since their last earnings report, prompting speculation about a potential rebound. Market fluctuations have seen some investors waiting for a pullback in GD's stock. Despite missing estimated EPS, GD beat revenue expectations for Q1 2024, resulting in a price target cut by Wells Fargo & Company.
Various corporations, including U S Global Investors Inc. and Amalgamated Bank, have also increased their stakes in GD, while others, such as Sabal Trust CO, have trimmed theirs. General Dynamics recently reported Q4 earnings, revealing decent full-year financial results. The company stock has been downgraded by William Blair to Market Perform following these reports. Impacted by federal budget constraints, the company may face continued declines.
General Dynamics GD News Analytics from Wed, 02 Oct 2024 07:00:00 GMT to Sat, 01 Mar 2025 12:18:52 GMT - Rating 0 - Innovation 6 - Information 6 - Rumor -5
