General Dynamics Corp (NYSE:GD) Institutional Investor Positioning Change

September 30, 2018 - By Lisa Delgado

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Sentiment for General Dynamics Corp (NYSE:GD)

General Dynamics Corp (NYSE:GD) institutional sentiment increased to 0.9 in Q2 2018. Its up 0.02, from 0.88 in 2018Q1. The ratio has increased, as 360 institutional investors increased and opened new positions, while 402 reduced and sold their positions in General Dynamics Corp. The institutional investors in our partner’s database reported: 228.52 million shares, down from 230.81 million shares in 2018Q1. Also, the number of institutional investors holding General Dynamics Corp in their top 10 positions decreased from 15 to 6 for a decrease of 9. Sold All: 74 Reduced: 328 Increased: 273 New Position: 87.

General Dynamics Corporation operates as an aerospace and defense firm worldwide. The company has market cap of $60.66 billion. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. It has a 20.71 P/E ratio. The Aerospace group designs, develops, makes, and outfits business-jet aircraft; provides aircraft services, such as maintenance, repair, aircraft management, charter, fixed-base operational, and staffing services; and performs aircraft completion services for other original equipment manufacturers.

The stock increased 1.31% or $2.64 during the last trading session, reaching $204.72. About 1.57M shares traded or 25.41% up from the average. General Dynamics Corporation (NYSE:GD) has declined 1.41% since September 30, 2017 and is downtrending. It has underperformed by 17.03% the S&P500.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on October, 24. They expect $2.74 EPS, up 8.73 % or $0.22 from last year’s $2.52 per share. GD’s profit will be $811.81 million for 18.68 P/E if the $2.74 EPS becomes a reality. After $2.82 actual EPS reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -2.84 % negative EPS growth.

Longview Asset Management Llc holds 97.54% of its portfolio in General Dynamics Corporation for 32.68 million shares. Weybosset Research & Management Llc owns 39,939 shares or 4.5% of their US portfolio. Moreover, Tide Point Capital Management Lp has 3.81% invested in the company for 173,870 shares. The Virginia-based London Co Of Virginia has invested 2.91% in the stock. Rench Wealth Management Inc., a Texas-based fund reported 18,993 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $15.55 million activity.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

Ratings analysis reveals 40% of General Dynamics Corp’s analysts are positive. Out of 5 Wall Street analysts rating General Dynamics Corp, 2 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $207 while the high is $26300. The stock’s average target of $227.80 is 11.27% above today’s ($204.72) share price. GD was included in 8 notes of analysts from April 6, 2018. The firm has “Outperform” rating by Credit Suisse given on Thursday, July 26. The stock has “Buy” rating by Credit Suisse on Tuesday, May 22. The stock of General Dynamics Corporation (NYSE:GD) has “Underweight” rating given on Thursday, April 12 by Morgan Stanley. RBC Capital Markets maintained the shares of GD in report on Friday, April 6 with “Buy” rating. The firm has “Underweight” rating by Morgan Stanley given on Friday, June 22. The rating was maintained by Credit Suisse with “Outperform” on Thursday, April 26. Stifel Nicolaus maintained General Dynamics Corporation (NYSE:GD) rating on Thursday, April 26. Stifel Nicolaus has “Hold” rating and $230 target.

More important recent General Dynamics Corporation (NYSE:GD) news were published by: Streetinsider.com which released: “General Dynamics (GD) Bath Iron Works Secures $3.9B Contract from US Navy for Arleigh Burke-Class Destroyers” on September 28, 2018, also 247Wallst.com published article titled: “6 Stocks Dominate Defense and Aerospace Sector, All Are Strong Buys”, Seekingalpha.com published: “Dividend Champion Spotlight: General Dynamics Corporation” on September 08, 2018. More interesting news about General Dynamics Corporation (NYSE:GD) was released by: Bizjournals.com and their article: “Ex-GDIT exec lands at ManTech” with publication date: September 27, 2018.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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