General Dynamics (GD) has been experiencing a surge with an 11% rise in the past week amid broader market dips, gaining attention from investors and analysts alike. Financial institutions like the Bank of Nova Scotia and Invesco Ltd. have increased their GD holdings whereas others such as Cerity Partners LLC and Fmr LLC have sold their GD shares. It's to note that 82% of GD is owned by institutional shareholders. GD's quarter 3 earnings outlook remains optimistic according to Zacks Research. An interesting development is the acquisition of GD's Ordnance and Tactical Systems by REPKON USA, further expanding its defense and aerospace manufacturing capabilities. Long-term investment into GD proves to be fruitful as those who invested 5 years ago have seen a 114% increase. On another note, insiders sold US$33m worth of stock, suggesting a potential caution. Current stockholders have hit a hurdle in returns. A significant announcement is that GD’s Board has increased Dividend, and there are expectations for key financial results to be revealed on April 23, 2025. Companies such as Schroder Investment Management Group and American Century Companies, Inc. have recently increased their GD holdings, while others like Fmr LLC have sold their GD shares. While broader market returns have been outperformed by GD, the consensus recommendation from brokerages remains a 'Hold'.
General Dynamics GD News Analytics from Tue, 08 Oct 2024 07:00:00 GMT to Sat, 12 Apr 2025 17:34:48 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -2
