GD - General Dynamics Corporation
| Previous Close | 188.13 |
| Open | 188.68 |
| Bid | 185.00 x 800 |
| Ask | 187.15 x 800 |
| Day's Range | 186.07 - 189.00 |
| 52 Week Range | 143.87 - 207.72 |
| Volume | 1,904,801 |
| Avg. Volume | 1,076,573 |
| Market Cap | 53.504B |
| Beta (3Y Monthly) | 1.49 |
| PE Ratio (TTM) | 16.66 |
| EPS (TTM) | 11.25 |
| Earnings Date | Oct 22, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | 4.08 (2.17%) |
| Ex-Dividend Date | 2019-10-10 |
| 1y Target Est | 206.89 |
- American City Business Journals
Parsons, Serco among companies awarded Navy’s $968M C4ISR contract
The contract calls for installation services for the Navy's shore-based C4ISR systems worldwide.
- Zacks
3 Large-Cap Dividend Stocks to Buy After Fed Cuts Interest Rates for Second Time
We searched, using our Zacks Stock Screener, for large-cap dividend stocks investors might want to buy after the U.S. Federal Reserve cut interest rates for the second time...
- Moody's
General Dynamics Corporation -- Moody's announces completion of a periodic review of ratings of General Dynamics Corporation
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of General Dynamics Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Moody's
WFRBS Commercial Mortgage Trust 2014-C21 -- Moody's affirms eleven classes of WFRBS 2014-C21
Rating Action: Moody's affirms eleven classes of WFRBS 2014- C21. Global Credit Research- 17 Sep 2019. Approximately $1.03 billion of structured securities affected.
- American City Business Journals
Man pleads guilty to stealing trade secrets from aircraft manufacturers
The companies targeted in the scheme haven't been specifically identified other than as Company A, B and C.
- PR Newswire
General Dynamics Appoints Graney as President of Electric Boat; Carver as President of NASSCO; Geiger to Retire
RESTON, Va. , Sept. 13, 2019 /PRNewswire/ -- General Dynamics (NYSE: GD) has appointed General Dynamics NASSCO president Kevin Graney as president of General Dynamics Electric Boat, effective October 1 ...
- Zacks
Why General Dynamics (GD) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does General Dynamics (GD) have what it takes? Let's find out.
- PR Newswire
General Dynamics Mission Systems Introduces New Autonomous Unmanned Underwater Vehicle
Bluefin-12, the newest member of the Bluefin Robotics family, introduced at DSEI LONDON , Sept. 11, 2019 /PRNewswire/ -- General Dynamics Mission Systems today released the new Bluefin-12 autonomous unmanned ...
- Zacks
General Dynamics (GD) Stock Sinks As Market Gains: What You Should Know
General Dynamics (GD) closed at $187.87 in the latest trading session, marking a -0.11% move from the prior day.
- American City Business Journals
Perspecta protests GDIT’s $7.6B DEOS award
Perspecta Enterprise Solutions LLC had protested the $7.6 billion award, which went to General Dynamics IT on Aug. 29.
- Simply Wall St.
Should You Be Excited About General Dynamics Corporation's (NYSE:GD) 26% Return On Equity?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
- Zacks
Lockheed (LMT) Wins $50M-Aegis Weapon System Support Deal
Lockheed (LMT) will provide ship integration and test of the Aegis Weapon System (AWS) for AWS Baselines through Advanced Capability Build 16.
- Zacks
Leidos Secures $445M Deal to Offer IT Services to Air Force
Leidos' (LDOS) expertise lies in providing information technology services and solutions in the defense, intelligence, civil and health markets.
- TipRanks
3 Resilient Blue-Chip Dividends to Buy Now
Markets have been volatile lately, bringing uncertainty to a business that really just wants predictability. In a way, this is worse than a run of bad news; at least when times are bad, investors know what will happen next. The question for investors now, is how to ride out this wave of volatility? That’s a hard question to answer; in August, 11 of 22 trading sessions saw the total market shift 1% or more.Protection lies in the market’s traditional refuge, the defensive stock. Nicholas Getaz, of Franklin Templeton Investments, says of the perfect stock that it’s a company with “a leading market position, products that are industry norms and standards, innovative growth drivers, and a business model that increases resilience.” So, let’s use the TipRanks Stock Screener to find three companies that meet this definition, and see what makes them compelling buys right now. Home Depot, Inc. (HD)We’ll start with an industry leader, the largest of the home improvement superstores. HD reported Q2 earnings on August 20, and the results were interesting. Revenues just missed the forecast, coming in a half-percent low at $30.84 billion. EPS, however, showed a 3.26% positive surprise; the expectation was $3.07 while the actual result was $3.17. Investors were pleased, and HD stock has gained 4% since.Just as important, HD is well-positioned to keep gaining, given today’s business environment. Interest rates are low, and the Fed is widely expected to make at least one more cut this year. This puts downward pressure on mortgages, creating an environment in which homeowners are more likely to refinance and plow their savings into needed home improvements and repairs. Which, of course, necessitates a trip to Home Depot.Home Depot, for its part, has been using its solid earnings, at least in part, to reward investors. The company offers a 2.4% dividend, a modest yield but a $5.44 annual payment due to the high share price. The company has been steadily increasing the dividend payment for the last decade.Wall Street’s top analysts are mostly pleased with HD’s performance in the first half. From Wells Fargo, Zachary Fadem writes, “We believe solid first half cost controls bode well for second half achievability, and … an improving setup ahead, featuring easing year-over-year compares, cycling lumber deflation, potential housing category improvements, etc.” Fadem gives HD a buy rating with a price target of $235, suggesting an upside of 4.8%.5-star analyst Peter Benedict, of Baird, agrees that HD is a valuable buy, writing, “Home Depot Q2 results did not contain any surprises and its results were likely good enough to support the shares at its current valuation.” His $230 target is slightly more conservative, with a 2.6% upside.Overall, HD shares have a Moderate Buy consensus rating, based on 10 buys and 6 holds assigned in the last three months. Shares are selling for $224, and are still rising after the positive quarterly report. The average price target of $228 suggests a small 1.8% upside. Cisco Systems, Inc. (CSCO)Cisco is the tech company that other tech companies rely on. It makes networking hardware, the gear that physically connects the internet. It’s a solid niche, that has defined its ‘industry norms and standards,’ and keeps the company in a comfortable position.Despite some recent share price losses, CSCO returned a 1.32% positive EPS surprise in its most recent quarterly earnings. And the company continues to pay out its 2.96% dividend. The quarterly payment is only 35 cents, but it’s reliable, and adds up to $1.40 per share annualized. Better yet, Cisco has been steadily increasing that payment; the dividend has risen 13% over the past 5 years. Shares have more than doubled over that time, as well.Reviewing CSCO for Cowen, 5-star analyst Paul Silverstein gave the stock a solid buy rating with a $61 price target. He wrote, “Trends in the bulk of its businesses remain healthy, supporting our view of a meaningful increase to its impressive margin structure and improving execution across most product and customer markets.” His price target implies an upside of 28%.Piper Jaffray’s James Fish agrees that Cisco is a buying proposition and a clear value. He says, “We see good risk-reward on Cisco at current levels as long as the company's growth segments … continue to execute.” His target, $55, indicates a 16% upside.The analyst consensus on CSCO is a Moderate Buy, based on 15 buys and 7 holds. The stock is trading for $47, and the average price target of $56 suggests an upside potential of 19%. General Dynamics Corporation (GD)Sheer size insulates this company from most economic problems. It is the fifth largest defense contractor in the US, and the sixth largest globally, with over $36 billion in annual revenue. Some of the company’s products are highly classified; others, like the F-16 fighter jet and the M1A1 tank, are among the world’s most recognizable weapon systems.Its leading position in the defense industry means GD is poised outperform the market this year. Where as the S&P 500 is up 17% year-to-date, GD shares have gained 21%. Back in July, when the company reported Q2 earnings, the $2.77 EPS beat the forecast by 3.25%.For return-minded investors, General Dynamics offers a 2.14% dividend. The share price is high enough to make the annual payment $4.08 per share, or $1.02 paid out quarterly. The company has paid out steadily, and regularly increased the payment, going back to 2011.GD’s well-founded position in its industry has attracted Buy ratings from some of Wall Street’s best analysts. Cai Rumohr, an aerospace expert with Cowen, gave the stock his approval along with a $202 price target at the end of August. His target suggests a 6% upside. Recent gains in GD shares have pushed the stock price above the average price target. GD is selling for $190, a 16% premium to the target. The analyst consensus, based on the two most recent reviews, a buy and a hold, is to Hold this stock. Momentum is on GD’s side however, considering the stock’s gains so far this year and its key role in a critical industry.TipRanks evaluates over 5,500 Wall Street analysts, based on their success rate and average return. Visit the Top Analysts page to see who makes the cut.
- Zacks
Leidos, KULR Technology Ink Deal, Thermal Runaway in Focus
Leidos (LDOS) will utilize KULR Technology's cost-effective TRS solution to improve cargo planning, and packing capabilities for the ISS, per the partnership agreement.
- PR Newswire
Persistent Systems, LLC adds General Dynamics Land Systems MUTT to the Wave Relay® Ecosystem
Persistent Systems to supply mobile ad hoc networking (MANET) to General Dynamics Land Systems NEW YORK , Sept. 4, 2019 /PRNewswire/ -- Persistent Systems, LLC ("Persistent") announced today ...
- American City Business Journals
South Texas Military Contracting Roundup: Renovations, contracted professional services needed
This week's compilation of notable military contract opportunities in the San Antonio area includes items from Aug. 24 to 30.
- Zacks
The Zacks Analyst Blog Highlights: Lockheed, General Dynamics, Raytheon, Boeing and HEICO
The Zacks Analyst Blog Highlights: Lockheed, General Dynamics, Raytheon, Boeing and HEICO
- Zacks
Microsoft Office 365 Tools to Aid DOD's Digital Overhaul
Microsoft's (MSFT) Office 365 will aid DOD in modernizing IT infrastructure, and strengthening cybersecurity functionalities in cost-efficient manner, per DOD's latest DOES BPA deal.
- Zacks
Lockheed Martin Wins $327M Navy Deal to Design Aegis BMD 6.0
Lockheed Martin's (LMT) Aegis BMD 6.0 provides increased ballistic missile defense capability by incorporating the air and missile defense radar, now designated SPY-6.
- Zacks
Northrop Wins $70M Deal to Aid E-2D Advanced Hawkeye Program
Northrop Grumman (NOC) secures contract for supporting the delivery of 24 E-2D Advanced Hawkeye jets.
- Motley Fool
General Dynamics Wins a $1 Billion Contract for Two Floating Navy Bases
Expect production efficiencies as the contractor turns oil tankers into warships.
- Bloomberg
Microsoft Vendors Win a $7.6 Billion Deal for Pentagon Software
(Bloomberg) -- Vendors led by General Dynamics Corp. were awarded a contract for as much as $7.6 billion to provide Microsoft office software for the Pentagon, the Defense Department and General Services Administration said.While the Microsoft Office 365 productivity software is cloud-based, the contract isn’t related to the hotly disputed “JEDI” cloud project that the Pentagon has yet to award. Amazon.com Inc. and Microsoft Corp. are the two remaining competitors for that prize, which may reach $10 billion.The project awarded Thursday, called Defense Enterprise Office Solutions, or DEOS, will provide tools including word processing, email, file-sharing and spreadsheets.“We view some of these broader government modernization plans and cloud initiatives as another growth vector for Microsoft’s commercial cloud segment,” KeyBanc analyst Brent Bracelin wrote to clients.The agencies said they chose a bid from General Dynamics’ CSRA unit and partner companies for a contract that the Defense Department estimates at as much as $7.6 billion over 10 years, including a five-year base period and opportunities to renew.‘Multi-Cloud Strategy’“DOD’s cloud strategy includes both general purpose and fit-for-purpose clouds. DEOS is a great example of a fit-for-purpose cloud that supports our multi-cloud strategy,” Defense Department Chief Information Officer Dana Deasy said in a statement.Thursday’s announcement comes as the Pentagon is preparing for implementation of the controversial cloud-computing contract for Joint Enterprise Defense Infrastructure, or JEDI. Pentagon said the JEDI contract is intended to be the primary data repository for Pentagon data, while other cloud vendors will be used for other projects.In April, the Pentagon eliminated Oracle Corp. and International Business Machines Corp. from the competition for the JEDI contract.Oracle has said it plans to appeal a court ruling that dismissed its legal challenge of the JEDI contract. New Defense Secretary Mark Esper ordered a review of the contract after President Donald Trump endorsed criticism by Oracle and other companies that the bidding process was tilted to favor Amazon, the top cloud-computing provider.Trump has often attacked Amazon founder Jeff Bezos, who also owns the Washington Post.(Updates with analyst comment in fourth paragraph. An earlier version of this story had an incorrect name for Microsoft’s product.)To contact the reporter on this story: Naomi Nix in Washington at nnix1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Mark Niquette, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Defense Stock Roundup: LMT & GD Score Big Wins, HEI Beats on Q3 Earnings
Over the past five trading sessions, defense biggies put up a mixed show. Boeing (BA) gains the most with its share price rising 2.4%, while Lockheed Martin (LMT) and Textron suffer a decline.
- MarketWatch
Microsoft vendors win $7.6 billion government deal
The federal government’s award of a massive 10-year, $7.6 billion computing contract to a trio vendors led by General Dynamics Corp. to provide Microsoft Corp. office software for the Pentagon late Thursday is the latest indication that cloud-computing leaders are the preferred vendors of choice.
