General Dynamics (GD) Earning Somewhat Positive Media Coverage, Report Shows

News coverage about General Dynamics (NYSE:GD) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. General Dynamics earned a news impact score of 0.04 on Accern’s scale. Accern also gave press coverage about the aerospace company an impact score of 45.8042179513136 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

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Shares of NYSE:GD traded up $2.27 during trading on Tuesday, hitting $220.67. The company had a trading volume of 631,582 shares, compared to its average volume of 1,625,920. The firm has a market capitalization of $64,853.27, a price-to-earnings ratio of 22.21, a PEG ratio of 2.33 and a beta of 0.83. General Dynamics has a one year low of $187.03 and a one year high of $230.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 0.99.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The business had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.40 billion. During the same period last year, the company earned $1.89 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. analysts expect that General Dynamics will post 11.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Friday, April 13th will be paid a dividend of $0.93 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $0.84. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, April 12th. General Dynamics’s dividend payout ratio (DPR) is currently 37.39%.

A number of research firms have weighed in on GD. Cowen reissued a “buy” rating and issued a $253.00 target price on shares of General Dynamics in a report on Monday, April 9th. ValuEngine raised General Dynamics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $234.00 target price on the stock in a report on Friday, January 19th. Jefferies Group reissued a “buy” rating and issued a $237.00 target price on shares of General Dynamics in a report on Monday, January 8th. Finally, Royal Bank of Canada upped their price target on General Dynamics to $267.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $239.04.

In related news, VP Gary L. Whited sold 5,977 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $224.52, for a total transaction of $1,341,956.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider S. Daniel Johnson sold 3,933 shares of General Dynamics stock in a transaction on Friday, March 9th. The shares were sold at an average price of $228.79, for a total value of $899,831.07. Following the sale, the insider now directly owns 66,363 shares of the company’s stock, valued at $15,183,190.77. The disclosure for this sale can be found here. Insiders have sold a total of 30,357 shares of company stock valued at $6,715,463 over the last three months. 6.90% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for General Dynamics (NYSE:GD)

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