November 24, 2016 - By Dolores Ford · 0 Comments
General Dynamics Corp (NYSE:GD) institutional sentiment decreased to 0.91 in 2016 Q2. Its down -0.11, from 1.02 in 2016Q1. The ratio has dropped, as 358 investment professionals increased or started new stock positions, while 350 cut down and sold equity positions in General Dynamics Corp. The investment professionals in our partner’s database now hold: 265.50 million shares, down from 272.98 million shares in 2016Q1. Also, the number of investment professionals holding General Dynamics Corp in their top 10 stock positions increased from 8 to 10 for an increase of 2. Sold All: 45 Reduced: 305 Increased: 267 New Position: 91.
General Dynamics Corporation is an aerospace and defense firm that offers a portfolio of services and products in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance solutions and information technology (IT) services, and shipbuilding. The company has a market cap of $52.48 billion.
The stock increased 0.22% or $0.37 on November 23, hitting $170.55. About 1.43M shares traded hands. General Dynamics Corporation (NYSE:GD) has risen 23.68% since April 22, 2016 and is uptrending. It has outperformed by 18.27% the S&P500.
Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on January, 25. They expect $2.55 earnings per share, up 6.25% or $0.15 from last year’s $2.4 per share. GD’s profit will be $784.66M for 16.72 P/E if the $2.55 EPS becomes a reality. After $2.48 actual earnings per share reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts 2.82% EPS growth.
According to Zacks Investment Research, “General Dynamics Corp.’s primary businesses focus is on shipbuilding and marine systems, business aviation, information systems, and land and amphibious combat systems. Each of these businesses involves design, manufacturing and program management expertise, advanced technology, and integration of complex systems. The primary customers for the company’s businesses are the United States military, the armed forces of allied nations, other government organizations and a diverse base of corporate and industrial buyers.”
Longview Asset Management Llc holds 88.53% of its portfolio in General Dynamics Corporation for 33.33 million shares. Evercore Trust Company N.A. owns 23.86 million shares or 10.62% of their US portfolio. Moreover, Abrams Bison Investments Llc has 7.07% invested in the company for 547,000 shares. The Rhode Island-based Weybosset Research & Management Llc has invested 5.37% in the stock. Edge Wealth Management Llc, a New York-based fund reported 63,027 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 8 sales for $63.77 million net activity.
Ratings analysis reveals 75% of General Dynamics Corporation’s analysts are positive. Out of 12 Wall Street analysts rating General Dynamics Corporation, 9 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $147 while the high is $185. The stock’s average target of $165.23 is -3.12% below today’s ($170.55) share price. GD was included in 25 notes of analysts from July 31, 2015. The company was downgraded on Thursday, March 24 by Deutsche Bank. The stock of General Dynamics Corporation (NYSE:GD) earned “Outperform” rating by RBC Capital Markets on Thursday, July 30. The stock of General Dynamics Corporation (NYSE:GD) has “Outperform” rating given on Thursday, January 28 by RBC Capital Markets. The stock of General Dynamics Corporation (NYSE:GD) has “Buy” rating given on Tuesday, August 25 by Zacks. The rating was maintained by Argus Research on Tuesday, August 2 with “Buy”. The stock of General Dynamics Corporation (NYSE:GD) has “Buy” rating given on Thursday, November 19 by Argus Research. The stock of General Dynamics Corporation (NYSE:GD) has “Outperform” rating given on Thursday, October 29 by Wolfe Research. Citigroup maintained the shares of GD in a report on Wednesday, September 7 with “Buy” rating. The firm has “Outperform” rating given on Thursday, October 6 by Robert W. Baird. The firm has “Neutral” rating given on Wednesday, December 16 by JP Morgan.
General Dynamics Corporation, incorporated on February 21, 1952, is an aerospace and defense firm that offers a portfolio of services and products in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding. The Firm operates through four business groups: Aerospace, which produces Gulfstream aircraft; provides aircraft services, and performs aircraft completions for other original equipment manufacturers (OEMs); Combat Systems, which design and manufacture combat vehicles, weapons systems and munitions; Information Systems and Technology, which provides C4ISR solutions and IT services, and Marine Systems, which design, construct and repair surface ships and submarines.
More news for General Dynamics Corporation (NYSE:GD) were recently published by: Etfdailynews.com, which released: “General Dynamics Is A Top Pick During Trump’s Presidency” on November 21, 2016. Zacks.com‘s article titled: “Defense Stock Roundup: Lockheed Martin Scores Big; Boeing, Textron, General …” and published on November 24, 2016 is yet another important article.
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By Dolores Ford