General Dynamics (GD) Earns Daily Coverage Optimism Rating of 0.13

Headlines about General Dynamics (NYSE:GD) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Dynamics earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 45.6004592616943 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern’s scoring:

Shares of General Dynamics (NYSE GD) traded up $0.16 on Tuesday, hitting $202.64. 788,200 shares of the company were exchanged, compared to its average volume of 1,158,776. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.93. General Dynamics has a 12-month low of $171.65 and a 12-month high of $214.81. The stock has a market capitalization of $60,504.84, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.43 and a beta of 0.72.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.09. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The firm had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same quarter in the prior year, the firm posted $2.36 earnings per share. General Dynamics’s quarterly revenue was down 1.0% on a year-over-year basis. equities analysts anticipate that General Dynamics will post 9.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Thursday, January 18th. General Dynamics’s dividend payout ratio is currently 33.50%.

GD has been the subject of a number of research reports. Royal Bank of Canada set a $239.00 target price on shares of General Dynamics and gave the stock a “buy” rating in a report on Wednesday, November 15th. Cowen reaffirmed a “buy” rating and set a $230.00 target price on shares of General Dynamics in a report on Thursday, October 19th. Deutsche Bank reaffirmed a “hold” rating and set a $210.00 target price (up previously from $200.00) on shares of General Dynamics in a report on Monday, October 2nd. ValuEngine lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Stifel Nicolaus upped their target price on shares of General Dynamics from $200.00 to $210.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Four analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $218.24.

In other General Dynamics news, VP Gregory S. Gallopoulos sold 78,370 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Patrick Casey sold 34,945 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the transaction, the insider now directly owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

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About General Dynamics

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

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