General Dynamics Corp (NYSE:GD) Move as Institutional Investors’ Sentiment Increased

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Sentiment for General Dynamics Corp (NYSE:GD)

General Dynamics Corp (NYSE:GD) institutional sentiment increased to 1.11 in 2019 Q2. Its up 0.10, from 1.01 in 2019Q1. The ratio has increased, as 351 investment professionals increased and started new equity positions, while 316 cut down and sold stakes in General Dynamics Corp. The investment professionals in our partner’s database now possess: 225.28 million shares, down from 225.54 million shares in 2019Q1. Also, the number of investment professionals holding General Dynamics Corp in their top 10 equity positions increased from 3 to 5 for an increase of 2. Sold All: 57 Reduced: 259 Increased: 261 New Position: 90.

General Dynamics Corporation operates as an aerospace and defense firm worldwide. The company has market cap of $54.87 billion. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. It has a 16.89 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 0.29% or $0.55 during the last trading session, reaching $189.96. About 1.05M shares traded or 0.78% up from the average. General Dynamics Corporation (NYSE:GD) has declined 5.26% since September 13, 2018 and is downtrending. It has underperformed by 5.26% the S&P500.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on October, 23. They expect $3.06 EPS, up 5.88 % or $0.17 from last year’s $2.89 per share. GD’s profit will be $883.87M for 15.52 P/E if the $3.06 EPS becomes a reality. After $2.77 actual EPS reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts 10.47 % EPS growth.

Longview Asset Management Llc holds 94.26% of its portfolio in General Dynamics Corporation for 32.90 million shares. Impala Asset Management Llc owns 521,171 shares or 4.27% of their US portfolio. Moreover, Weybosset Research & Management Llc has 4.27% invested in the company for 40,482 shares. The Japan-based Mu Investments Co. Ltd. has invested 3.94% in the stock. Gibraltar Capital Management Inc., a Oklahoma-based fund reported 20,476 shares.

Since January 1, 0001, it had 1 insider buy, and 0 selling transactions for $28,549 activity.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

Ratings analysis reveals 25% of General Dynamics’s analysts are positive. Out of 4 Wall Street analysts rating General Dynamics, 1 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $17100 while the high is $20400. The stock’s average target of $191.75 is 0.94% above today’s ($189.96) share price. GD was included in 9 notes of analysts from March 22, 2019. Morgan Stanley maintained the shares of GD in report on Friday, June 14 with “Underweight” rating. The rating was maintained by UBS with “Neutral” on Thursday, April 25. The rating was upgraded by JP Morgan to “Neutral” on Thursday, April 25. The company was maintained on Wednesday, August 14 by Morgan Stanley. The stock of General Dynamics Corporation (NYSE:GD) earned “Buy” rating by Goldman Sachs on Monday, May 20.

More notable recent General Dynamics Corporation (NYSE:GD) news were published by: Seekingalpha.com which released: “General Dynamics wins major Navy contract – Seeking Alpha” on August 24, 2019, also Finance.Yahoo.com with their article: “Should You Like General Dynamics Corporation’s (NYSE:GD) High Return On Capital Employed? – Yahoo Finance” published on August 09, 2019, Finance.Yahoo.com published: “Is General Dynamics Corporation (NYSE:GD) A Smart Pick For Income Investors? – Yahoo Finance” on July 12, 2019. More interesting news about General Dynamics Corporation (NYSE:GD) were released by: Finance.Yahoo.com and their article: “Should You Be Excited About General Dynamics Corporation’s (NYSE:GD) 26% Return On Equity? – Yahoo Finance” published on September 09, 2019 as well as Streetinsider.com‘s news article titled: “Raytheon (RTN) Added to BofA US 1 List, Removes AT&T (T), Williams Cos. (WMB), General Dynamics (GD) and Tapestry (TPR) – StreetInsider.com” with publication date: August 20, 2019.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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