General Dynamics Corporation (GD) is Upgraded by Bernstein to Outperform

General Dynamics Corporation (GD) was Upgraded by Bernstein to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Bernstein advised their investors in a research report released on Aug 10, 2016.

On the company’s financial health, General Dynamics Corporation reported $2.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.31. The company had revenue of $7665.00 million for the quarter, compared to analysts expectations of $7864.90 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.27 EPS.

General Dynamics Corporation closed down -0.78 points or -0.52% at $148.11 with 8,33,867 shares getting traded on Monday. Post opening the session at $148.56, the shares hit an intraday low of $147.8 and an intraday high of $149.16 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 5, 2016, John Patrick Casey (Executive Vice President) sold 57,490 shares at $146.96 per share price. According to the SEC, on Aug 5, 2016, S. Daniel Johnson (Executive Vice President) sold 33,650 shares at $147.91 per share price. On Aug 1, 2016, Gregory S Gallopoulos (Senior VP, Gen. Counsel, Sec.) sold 39,000 shares at $146.58 per share price, according to the Form-4 filing with the securities and exchange commission.

General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles weapons systems and munitions; communications and information technology systems and solutions and military and commercial shipbuilding. The Company operates through four business groups: Aerospace Combat Systems Information Systems and Technology and Marine Systems. Aerospace group designs manufactures and outfits a family of Gulfstream business-jet aircraft and provides aircraft services. Combat Systems group is engaged in systems engineering spanning design development manufacture and support of military vehicles weapons systems and munitions. Marine Systems group designs builds and supports submarines and surface ships. Information Systems and Technology group provides technologies products and services that support a range of military federal/civilian and commercial information-systems requirements.

General Dynamics Corporation

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