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GD

General Dynamics

$177.95

-3.35 (-1.85%)

, HII

Huntington Ingalls

$249.97

-1.39 (-0.55%)

17:59
12/02/19
12/02
17:59
12/02/19
17:59

General Dynamics awarded $22.21B, multi-year Navy contract modification

General Dynamics (GD) was awarded a $22.21B fixed-price-incentive, multi-year modification to a previously-awarded contract for construction of nine Virginia-class submarines, eight with Virginia payload module, or VPM, from FY19 to FY23. The contract modification includes spare material and an option for one additional submarine with VPM. If the option is exercised, the cumulative value of this contract will increase to $24.1B. The awarded amounts include previously-announced material awards totaling $3.2B. This contract modification is for the construction of the fifth block of Virginia-class submarines by GDEB and major subcontractor Huntington Ingalls' (HII) Newport News shipbuilding division, inclusive of design support and all efforts necessary to test and deliver each submarine. GDEB will continue to subcontract with Huntington Ingalls' Newport News shipbuilding division. Work is expected to be completed by August 2029. If the option is exercised, work is expected to be completed by February 2030. FY17 and FY19 shipbuilding and conversion, Navy funding in the amount of $3.16B will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command is the contracting activity.

GD

General Dynamics

$177.95

-3.35 (-1.85%)

HII

Huntington Ingalls

$249.97

-1.39 (-0.55%)

  • 03

    Dec

GD General Dynamics
$177.95

-3.35 (-1.85%)

05/20/19
05/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Dynamics (GD) upgraded to Buy from Neutral at Goldman Sachs with analyst Noah Poponak saying the valuation of General Dynamics relative to its defense peers has moved to the low-end of historical ranges. 2. Target (TGT) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Simeon Gutman citing his view that the 15% pullback in the stock over the past month leaves less near-term downside and that the company "appears to be past peak margin pain." 3. NeoPhotonics (NPTN) upgraded to Buy from Neutral at B. Riley FBR with analyst David Kang saying the company's exposure to Huawei has been "de-risked" following the recent selloff in the shares. 4. United Continental (UAL) upgraded to Overweight from Equal Weight at Morgan Stanley. 5. Jack in the Box (JACK) upgraded to Buy from Hold at Stifel with analyst Chris O'Cull saying the stock's valuation will improve as investors gain confidence in the company's outlook. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/19
BARD
07/10/19
NO CHANGE
Target $218
BARD
Outperform
General Dynamics price target raised to $218 from $188 at Baird
Baird analyst Peter Arment raised his price target for General Dynamics to $218 from $188 ahead of the company's second quarter results. In a research note to investors, Arment says he expects the company's quarter will be "solid" with modest potential upside to the consensus EPS driven by stable margin performance across the business, including Aerospace. Arment says the the timing of G500 andG600 production lots leads much of the Street to expect pressure on Aerospace margins and also gives General Dynamics a chance to outperform in this end market and raise guidance.
08/20/19
BOFA
08/20/19
NO CHANGE
BOFA
BofA/Merrill US 1 List changes
BofA/Merrill added Raytheon (RTN) to the US 1 List and removed AT&T (T), Williams (WMB), General Dynamics (GD) and Tapestry (TPR).
10/24/19
COWN
10/24/19
NO CHANGE
Target $202
COWN
Outperform
General Dynamics weakness a buying opportunity, says Cowen
Cowen analyst Cai von Rumohr said the weakness in General Dynamics is a buying opportunity as the story looks much better given expectations for G700 initial delivery in Q1 2022 rather than sometime in 2023. The analyst sees cash flow booming and the stock's valuation is at a peer-low 2020 TEV/EBITDA with a peer-high cash flow yield. von Rumohr reiterated his Outperform rating and $202 price target on General Dynamics shares.
HII Huntington Ingalls
$249.97

-1.39 (-0.55%)

01/07/19
01/07/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN) initiated with a Buy at Pivotal Research. 2. Dell Technologies (DELL) initiated with a Buy at Goldman Sachs. 3. Tencent Music (TME) initiated with an Overweight at KeyBanc, a Buy at Goldman Sachs, and a Hold at Stifel. 4. Huntington Ingalls (HII) initiated with a Neutral at JPMorgan. 5. Homology Medicines (FIXX) initiated with a Buy at Canaccord. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/23/19
LEHM
01/23/19
DOWNGRADE
Target $215
LEHM
Underweight
Huntington Ingalls downgraded to Underweight from Overweight at Barclays
Barclays analyst David Strauss double downgraded Huntington Ingalls to Underweight from Overweight and cut his price target for the shares to $215 from $245.
01/23/19
LEHM
01/23/19
DOWNGRADE
Target $215
LEHM
Underweight
Barclays double downgrades Huntington Ingalls to Underweight from Overweight
Barclays analyst David Strauss double downgraded Huntington Ingalls to Underweight from Overweight and cut his price target for the shares to $215 from $245. The analyst sees the company growing below its industry peers along with higher pension risk while trading toward the upper end of its historical valuation range. While Huntington is likely to grow revenue above its 3% forecast given the current gap between its core shipbuilding budget and outlays, the company's margins are flat to lower and its capital deployment s higher relative to its peers, Strauss tells investors in a research note.
08/05/19
ALMG
08/05/19
UPGRADE
ALMG
Overweight
Huntington Ingalls upgraded to Overweight from Neutral at Alembic Global
Alembic Global analyst Peter John Skibitski upgraded Huntington Ingalls to Overweight from Neutral, calling the stock's pullback following the company's Q2 report an opportunity.

TODAY'S FREE FLY STORIES

XEL

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AQUA

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BLSFY

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BLSFY

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SAGE

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DD

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-1.39 (-2.10%)

16:10
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IFF

IFF

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-0.55 (-0.41%)

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IFF

IFF

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-0.55 (-0.41%)

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IFF

IFF

$134.01

-0.55 (-0.41%)

16:03
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IFF

International Flavors

$134.01

-0.55 (-0.41%)

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15:58
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IFF

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-0.55 (-0.41%)

DD

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-1.39 (-2.10%)

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IFF

International Flavors

$134.01

-0.55 (-0.41%)

, DD

DuPont

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-1.39 (-2.10%)

15:58
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Breaking Hot Stocks news story on International Flavors, DuPont »

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IFF

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$134.01

-0.55 (-0.41%)

DD

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-1.39 (-2.10%)

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IFF

International Flavors

$134.01

-0.55 (-0.41%)

, DD

DuPont

$64.79

-1.39 (-2.10%)

15:57
12/15/19
12/15
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15:57
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International Flavors, DuPont analyst commentary  »

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IFF

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-0.55 (-0.41%)

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-1.39 (-2.10%)

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BILL

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, EH

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SNE

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  • 23

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DLTR

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, DG

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DG

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ELUXY

Electrolux

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BCS

Barclays

$9.74

0.655 (7.21%)

, BP

BP

$36.95

-0.005 (-0.01%)

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SNE

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DIS

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AOBC

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PNC

PNC Financial

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PNC

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$158.60

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PYPL

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  • 18

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BRK.A

Berkshire Hathaway

$338,250.51

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, CMCSA

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$43.59

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BRK.A

Berkshire Hathaway

$338,250.51

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CMCSA

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Royal Dutch Shell

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RDS.A

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$57.44

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PFE

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VIAC

ViacomCBS

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ANTM

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GOOG

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GOOGL

Alphabet Class A

$1,347.11

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UHAL

Amerco

$360.28

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UTX

United Technologies

$148.99

-0.5 (-0.33%)

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  • 23

    Jan

  • 27

    Feb

PCG

PG&E

$11.26

-0.49 (-4.17%)

07:38
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California Governor says PG&E restructuring plan 'falls woefully short' »

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  • 07

    Jan

MYGN

Myriad Genetics

$25.58

0.58 (2.32%)

07:31
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Myriad Genetics says study validates polygenic risk score for breast cancer »

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TPC

Tutor Perini

$15.73

-0.17 (-1.07%)

07:30
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Hot Stocks
Tutor Perini 'disappointed,' will appeal jury verdict in SR 99 Alaskan Way case »

Tutor Perini released a…

03/08/13
Wedge Partners
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