Skip to main content

Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Christens Second ECO Class Product Carrier for American Petroleum Tankers

[PR Newswire] – SAN DIEGO, April 25, 2016 /PRNewswire/ — On Saturday, April 23, General Dynamics NASSCO hosted a christening ceremony for the second ECO Class tanker for American Petroleum Tankers (APT) under construction at the company’s shipyard in San Diego. U.S. Representative Scott Peters spoke at the ceremony, and the ship’s sponsor, Mrs. Trang Cormack, christened the ship with the traditional break of a champagne bottle alongside the ship. The ECO Class tanker, the Magnolia State, is the second of a five-tanker contract between NASSCO and APT, which calls for the design and construction of five 50,000 deadweight ton, LNG-conversion-ready product carriers with a 330,000 barrel cargo capacity. Read more on this. General Dynamics Corporation (GD) , valued at $42.50B, started trading this morning at $137.05. Shares have traded today between $136.60 and $137.79 per share with a trailing 52-week range being $121.61 to $153.76. Priced at 14.72x this year’s forecasted earnings, GD shares are relatively inexpensive compared to the industry’s 22.21x forward p/e ratio. And for income investors, the company pays shareholders $3.04 per share annually in dividends, yielding 2.20%. According to a consensus of 19 analysts, the earnings estimate of $2.16 per share would be $0.02 better than the year-ago quarter and a $0.08 sequential decrease. The full-year EPS estimate is $9.37, which would be a $0.29 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.69 Billion. If reported, that would be a 1.16% decrease over the year-ago quarter. More recently, Guggenheim Initiated GD at Buy (Apr 5, 2016). Previously, Deutsche Bank downgraded GD from Buy to Hold. With the above information in mind, readers should note that the average price target is $158.88, which is 15.93% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics Appoints Gezen as President of General Dynamics Ordnance and Tactical Systems; Wilson to Retire Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics, Rockwell Collins, Harris Corp awarded $12 bln Pentagon contract Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Successfully Completes LNG Bunkering for the Perla Del Caribe
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.