15 stories mentioning GD
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General Dynamics (GD) shares rose 6.1% in Thursday trading after Jefferies upgraded its rating on the stock to buy from hold and lifted its price target to $400 from $380.Intraday volume topped 944,000 shares, compared with the daily average of 1.32 million.Price: $361.82, Change: $+20.75, Percent Change: +6.08%
General Dynamics (GD) has an average rating of overweight and mean price target of $394.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
General Dynamics Keeps Quarterly Dividend at $1.59 a Share, Payable Aug. 7 to Holders of Record July 2
(Updates with the company's response in the fourth paragraph.)General Dynamics (GD) will invest $200 million and unwind its partnership with Turkish defense contractor Repkon as it seeks to start production of 155mm artillery shells at a Texas plant, Bloomberg reported Monday, citing people familiar with the matter.The munitions manufacturing equipment supplied by Repkon failed to meet required standards and is expected to be replaced by hardware and management from privately held Deterrence Defense, according to the news outlet.The additional $200 million investment would come on top of the $591 million contract the US Army awarded to General Dynamics for the Texas facility, which was designed to operate three production lines capable of manufacturing 30,000 155mm artillery shells per month, the report added.A General Dynamics spokesperson toldin an emailed response that "General Dynamics Ordnance and Tactical Systems and [its] US Army customer have reached an agreement on a path forward for the Mesquite facility, which includes additional GDOTS investment to complete the project."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
General Dynamics (GD) will invest $200 million and unwind its partnership with Turkish defense contractor Repkon as it seeks to start production of 155mm artillery shells at a Texas plant, Bloomberg reported Monday, citing people familiar with the matter.The munitions manufacturing equipment supplied by Repkon failed to meet required standards and is expected to be replaced by hardware and management from privately held Deterrence Defense, according to the news outlet.The additional $200 million investment would come on top of the $591 million contract the US Army awarded to General Dynamics for the Texas facility, which was designed to operate three production lines capable of manufacturing 30,000 155mm artillery shells per month, the report added.General Dynamics did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $339.09, Change: $-7.74, Percent Change: -2.23%
(Updates to add US Department of Defense response in fourth paragraph.)Defense companies want more time to comply with the upcoming ban on using Chinese samarium cobalt magnets and neodymium iron boron magnets in defense contracts starting Jan. 1, the Financial Times reported Monday, citing four people familiar with the matter.Several US metals executives said the administration was unlikely to view the lobbying effort favorably, according to the report.The ban on China-sourced magnets, as well as the metals tungsten and tantalum, was introduced by Congress during President Donald Trump's first term in 2018, the report added.A spokesperson for the US Department of Defense declined to comment when contacted by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.35, Change: $-5.92, Percent Change: -9.66%
Defense companies want more time to comply with the upcoming ban on using Chinese samarium cobalt magnets and neodymium iron boron magnets in defense contracts starting Jan. 1, the Financial Times reported Monday, citing four people familiar with the matter.Several US metals executives said the administration was unlikely to view the lobbying effort favorably, according to the report.The ban on China-sourced magnets, as well as the metals tungsten and tantalum, was introduced by Congress during President Donald Trump's first term in 2018, the report added.A spokesperson for the US Department of Defense did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.35, Change: $-5.93, Percent Change: -9.67%
Mark Lagrand Burns, Executive Vice President, on May 11, 2026, sold 72,710 shares in General Dynamics (GD) for $25,040,695. Following the Form 4 filing with the SEC, Burns has control over a total of 73,893 common shares of the company, with 38,975 shares held directly and 34,918 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/40533/000119312526221313/xslF345X05/ownership.xmlPrice: $341.11, Change: $-5.35, Percent Change: -1.54%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target by $10 to $412, led by a P/E of 22.6x applied to our 2027E EPS, a discount to peers' average forward P/E of 24.6x but a premium relative to GD's three-year average forward P/E of 18.6x. We decrease our 2026E EPS by $0.18 to $16.77 and 2027E by $0.43 to $18.24. GD's fundamentals remain robust, with total backlog surging 48% Y/Y to $131 billion and a strong 2.1x book-to-bill ratio. Marine Systems continues to be the primary growth driver (revenue +21%), fueled by Virginia- and Columbia-class submarine programs. GD is investing heavily in shipyard capacity and munitions production to meet sustained demand. Aerospace delivered strong 15% operating margins on improved G700/G800 productivity, though Middle East conflicts moderated near-term order flow. Strong cash generation of $2.2 billion strengthens the balance sheet. Full-year 2026 EPS guide raised to $16.45-$16.55, adding confidence in execution across all segments despite ongoing supply chain management in complex defense programs.
L3Harris Technologies (LHX) raised its full-year earnings outlook Thursday after reporting stronger-than-expected fiscal first-quarter results amid sales growth across segments.The aerospace and defense technology company now expects 2026 earnings of $11.40 to $11.60 a share, compared with its prior guidance range of $11.30 to $11.50. Analysts in a FactSet poll are looking for $11.59. L3Harris continues to expect full-year revenue between $23 billion and $23.5 billion, while Wall Street is projecting $23.44 billion."We delivered a strong start to the year, with robust orders and revenue growth, coupled with progress across our strategic priorities," Chief Executive Christopher Kubasik said in a statement.For the quarter ended April 3, EPS rose to $2.72 from $2.04 a year earlier, surpassing the consensus of $2.53. Revenue grew 12% to $5.74 billion, also ahead of the Street's $5.42 billion views.Sales in the space and mission systems division jumped 24% to $2.99 billion, while the missile solutions unit saw an 18% increase to $990 million. The communication and spectrum dominance unit's revenue grew 3% to $1.86 billion."The global security environment is evolving rapidly, and the implications for our customers are increasingly clear," Kubasik said on an earnings conference call, according to a FactSet transcript. "Across the Middle East, Europe and the Indo-Pacific, the threat environment is driving greater urgency around readiness, resilience and modernization."Late Wednesday, L3Harris said it confidentially filed a draft registration statement with the US Securities and Exchange Commission for a planned initial public offering of its missile solutions business. The IPO's size and pricing details have yet to be determined. Earlier this year, the company said the US government planned to invest $1 billion in the missile solutions unit."The IPO monetizes the Aerojet acquisition while creating a pure-play missile/propulsion vehicle with an unprecedented (Department of War) anchor investment," Wedbush Securities said in a note to clients Thursday. "We view this as incrementally positive; the stock should benefit as IPO pricing visibility improves and the market assigns sum-of-the-parts value to (missile solutions) separately."On Wednesday, General Dynamics (GD) raised its full-year earnings outlook after reporting fiscal first-quarter results above the Street's estimates. Recently, Lockheed Martin (LMT) logged March-quarter results that missed the Street's views, while fellow aerospace and defense companies RTX (RTX) and Northrop Grumman (NOC) delivered beats.Price: $320.70, Change: $-0.70, Percent Change: -0.22%
General Dynamics (GD) has an average rating of overweight and mean price target of $395.85 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $343.23, Change: $+4.50, Percent Change: +1.33%
General Dynamics (GD) has an average rating of overweight and mean price target of $396.55 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
General Dynamics (GD) increased its full-year earnings outlook after reporting fiscal first-quarter results above Wall Street's estimates, sending the company's shares surging Wednesday.The aerospace and defense company now projects earnings at $16.45 to $16.55 a share for fiscal 2026, up from its previous guidance range of $16.10 to $16.20, President Danny Deep said on an earnings conference call, according to a FactSet transcript. The current consensus on FactSet is for $16.30."Given our strong start, we thought it would be prudent to revise our EPS guidance to reflect our performance thus far," Deep told analysts. "Looking at the year from a quarterly perspective, the first and fourth quarters would represent the high points, favoring the fourth quarter."EPS climbed to $4.10 for the quarter through April 5 from $3.66 a year earlier, topping the Street's view for $3.68. Revenue improved 10% to $13.48 billion, exceeding the average analyst estimate on FactSet of $12.70 billion.General Dynamics' shares were up 11% in Wednesday afternoon trade. The stock has increased 2.9% so far this year.Marine systems business revenue jumped 21% year over year to $4.34 billion in the quarter, while the aerospace division saw an 8.4% gain. Sales in the combat systems and technologies units rose more than 4% each.Orders amounted to $26.6 billion in the quarter on a companywide basis, while total estimated contract value -- the sum of all backlog components -- was $188.4 billion at the end of the quarter. The company said this includes backlog of $130.8 billion.However, General Dynamics saw numerous transactions slow down at the end of the quarter as a result of the conflict in the Middle East, Deep told analysts."We were having a spectacular quarter from an order standpoint across the board here in the US, as well as the Middle East," Deep said. "As the conflict started to take form, we saw some slowing in order intake in the Middle East."Last week, Lockheed Martin (LMT) reported first-quarter results that missed the Street's views, while fellow aerospace and defense companies RTX (RTX) and Northrop Grumman (NOC) delivered beats.Price: $347.32, Change: $+33.64, Percent Change: +10.72%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:General Dynamics delivered exceptional Q1 results with revenue of $13.5B (+10.3% Y/Y, 6% above consensus) and adjusted EPS of $4.10 (+12% Y/Y, beating by $0.41), while operating margin expanded to 10.5% from 10.4% in the prior year. All four segments contributed to growth, led by Marine Systems' 21.0% revenue increase and Aerospace's 8.4% growth with margin expansion to 15.0%. Record order activity generated a 2.0x book-to-bill ratio, increasing its total backlog to $130.8B and providing substantial multiyear revenue visibility. Strong cash generation of $2.2B in operating cash flow (192% of net earnings) demonstrated operational excellence and supported flexible capital deployment. We see the potential for GD to achieve 10%-15% annual EPS growth over the next three years, significantly above current consensus estimates of 6%-10%, as Marine Systems enters peak Columbia-class submarine production and Aerospace benefits from pent-up corporate aviation demand.
US equity futures were pointing higher Wednesday as traders awaited the latest quarterly results of four mega-cap technology companies and the Federal Reserve's monetary policy decision.The Nasdaq was up 0.4% before the bell, while the S&P 500 and the Dow Jones Industrial Average rose 0.1% each. The indexes closed the previous trading session in the red.Tech giants Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META) are scheduled to release quarterly results after the markets close, while AbbVie (ABBV) and General Dynamics (GD) will post before the bell, among others.The Fed's monetary policy committee will announce its latest decision on interest rates later in the day. Markets widely expect the central bank to keep its benchmark lending rate unchanged for a third consecutive meeting. Fed Chair Jerome Powell will hold a press conference at 2:30 pm ET."Investors will be listening closely for an updated assessment of economic conditions, particularly inflation, in the wake of the ongoing conflict overseas," Stifel said in a note. "A rising level of concern could signal a willingness to hold rates steady for a prolonged period of time or even open up the possibility of a rate hike, while any mention of a temporary or expected 'transitory' impact will likely bolster expectations for a potential return to rate cuts."The Senate Banking Committee is set to vote Wednesday on Trump's nominee for the next Fed chair, Kevin Warsh, Reuters reported.Treasury yields were trending upwards in premarket action, with the two-year rate advancing 1.7 basis points to 3.86% and the 10-year rate adding one basis point to 4.36%.Wednesday's economic calendar also has the weekly mortgage applications bulletin at 7 am ET. Data on durable goods orders for March and housing starts and permits reports for February and March are out at 8:30 am. The weekly EIA domestic petroleum inventories report posts at 10:30 am.West Texas Intermediate crude oil rose 3.4% to $103.32 a barrel before the opening bell, while Brent gained 2.9% to $114.35.US President Donald Trump has told aides to prepare for an extended blockade of Iran to pressure Tehran over its nuclear program, The Wall Street Journal reported, citing US officials. Trump believes resuming strikes on Iran or ending the conflict would carry higher risks than maintaining the US blockade of Iranian ports, which began recently, the report said.Mediators in Pakistan expect to get a revised proposal from Iran to end the war in the next few days, CNN reported, citing sources.The United Arab Emirates on Tuesday said it has decided to leave the Organization of the Petroleum Exporting Countries. The move would make the cartel "structurally weaker" as the UAE is one of the few OPEC members that have spare capacity, Rystad Energy said in a note.Shares of NXP Semiconductors (NXPI) and Seagate (STX) rose 18% each before the bell following their latest quarterly results. Starbucks (SBUX) was up 4.1% as the coffee giant raised its full-year outlook late Tuesday.Robinhood Markets (HOOD) plunged 11% after its quarterly results fell short of Wall Street's estimates overnight.Gold slipped 0.6% to $4,580 per troy ounce, while bitcoin gained 1.7% to $77,547.