General Dynamics downgraded by Alembic Global Advisors with a new price target
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Alembic Global Advisors downgraded General Dynamics from Overweight to Neutral and set a new price target of $296.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/13/2025 | Buy → Neutral | BTIG Research | |
| 1/14/2025 | $345.00 → $283.00 | Outperform → Neutral | Robert W. Baird |
| 1/6/2025 | $352.00 → $290.00 | Buy → Hold | Vertical Research |
| 12/19/2024 | $330.00 → $290.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 12/12/2024 | $283.00 → $245.00 | Neutral → Sell | Goldman |
| 12/11/2024 | Outperform → Peer Perform | Wolfe Research | |
| 10/11/2024 | Buy → Neutral | Seaport Research Partners | |
| 10/1/2024 | $334.00 → $317.00 | Overweight → Equal Weight | Wells Fargo |
BTIG Research downgraded General Dynamics from Buy to Neutral
Robert W. Baird downgraded General Dynamics from Outperform to Neutral and set a new price target of $283.00 from $345.00 previously
Vertical Research downgraded General Dynamics from Buy to Hold and set a new price target of $290.00 from $352.00 previously
Fourth-quarter net earnings of $1.1 billion, diluted EPS of $4.15, on $13.3 billion in revenueFull-year net earnings of $3.8 billion, diluted EPS of $13.63, on $47.7 billion in revenue$2.2 billion net cash provided by operating activities in the quarter, 188% of net earningsEnded the year with $90.6 billion in backlogRESTON, Va., Jan. 29, 2025 /PRNewswire/ -- General Dynamics (NYSE:GD) today reported quarterly net earnings of $1.1 billion, up 14.2% from the year-ago quarter, on revenue of $13.3 billion, up 14.3% over the year-ago quarter. Diluted earnings per share (EPS) was $4.15, up 14% from the year-ago quarter. For the full year, net earnings were $3.8 billion, up 14.1% from 2023, on rev
RESTON, Va., Jan. 9, 2025 /PRNewswire/ -- General Dynamics (NYSE:GD) will webcast its fourth-quarter and full-year 2024 financial results conference call on Wednesday, January 29, beginning at 9 a.m. EST. The live webcast of the conference call will be available at www.gd.com. A replay will be available shortly after the live presentation. More information about General Dynamics is available at www.gd.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-to-webcast-2024-fourth-quarter-and-full-year-financial-results-conference-call-302347186.html SOURCE General Dynamics
Company will implement innovative Mission Partner Environment to securely share information with global mission partners FALLS CHURCH, Va., Dec. 20, 2024 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today it was awarded a new $5.6 billion contract by the Air Force Mission Partner Capabilities Office. The single award, indefinite-delivery indefinite-quantity contract, awarded in November, has a five-year base period and a five-year option. Mission Partner Environments (MPEs) enable the military and its trusted partners to securely communicate, collaborate and share information at multiple levels of classification in r
Fourth-quarter net earnings of $1.1 billion, diluted EPS of $4.15, on $13.3 billion in revenueFull-year net earnings of $3.8 billion, diluted EPS of $13.63, on $47.7 billion in revenue$2.2 billion net cash provided by operating activities in the quarter, 188% of net earningsEnded the year with $90.6 billion in backlogRESTON, Va., Jan. 29, 2025 /PRNewswire/ -- General Dynamics (NYSE:GD) today reported quarterly net earnings of $1.1 billion, up 14.2% from the year-ago quarter, on revenue of $13.3 billion, up 14.3% over the year-ago quarter. Diluted earnings per share (EPS) was $4.15, up 14% from the year-ago quarter. For the full year, net earnings were $3.8 billion, up 14.1% from 2023, on rev
RESTON, Va., Jan. 9, 2025 /PRNewswire/ -- General Dynamics (NYSE:GD) will webcast its fourth-quarter and full-year 2024 financial results conference call on Wednesday, January 29, beginning at 9 a.m. EST. The live webcast of the conference call will be available at www.gd.com. A replay will be available shortly after the live presentation. More information about General Dynamics is available at www.gd.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-to-webcast-2024-fourth-quarter-and-full-year-financial-results-conference-call-302347186.html SOURCE General Dynamics
RESTON, Va., Dec. 4, 2024 /PRNewswire/ -- The board of directors of General Dynamics (NYSE:GD) today declared a regular quarterly dividend of $1.42 per share on the company's common stock, payable February 7, 2025, to shareholders of record on January 17, 2025. The board also provided management with the authority to repurchase an additional 10 million shares of the company's issued and outstanding common stock on the open market. General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General
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RESTON, Va., June 6, 2024 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that Elizabeth L. Schmid has been appointed as senior vice president for Government Relations and Communications. "Betsy is assuming a greater leadership role, which reflects her strong contribution to our company," said Phebe N. Novakovic, chairman and chief executive officer. Schmid joined General Dynamics in 2015 and has served as vice president for Government Relations since 2018. She previously served as vice president for National Security and Acquisition Policy at the Aerospace Industries Association, as a professional staff member and staff director for the Senate Defense Appropriations Subcommittee,
RESTON, Va., Dec. 19, 2022 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that it has appointed chief financial officer Jason Aiken as executive vice president of the Technologies segment effective January 1, 2023. Aiken will retain his responsibilities as chief financial officer while expanding his leadership role. Christopher Marzilli, who has served as executive vice president of Technologies since 2019, has informed the company of his intent to retire in early 2023. Phebe N. Novakovic, chairman and chief executive officer, said "Chris Marzilli has served General Dynamics with distinction for 40 years and contributed to the robust growth and profitability of the Technologies
RESTON, Va., May 5, 2022 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that it has appointed Gulfstream Aerospace executive Charles F. Krugh as president of General Dynamics Bath Iron Works. "Chuck's leadership, proven track record in manufacturing and expertise in managing complex supply chains will be an enabler to Bath Iron Works as it expands and increases the pace of shipbuilding for the U.S. Navy," said Robert E. Smith, executive vice president for Marine Systems. A U.S. Army veteran, Krugh served in a variety of aerospace manufacturing roles before joining