General Dynamics Corp Q2 2019 Institutional Investor Sentiment Better Than Expected

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Sentiment for General Dynamics Corp (NYSE:GD)

General Dynamics Corp (NYSE:GD) institutional sentiment increased to 1.11 in Q2 2019. Its up 0.10, from 1.01 in 2019Q1. The ratio has increased, as 351 institutional investors started new and increased positions, while 316 reduced and sold holdings in General Dynamics Corp. The institutional investors in our partner’s database now own: 225.28 million shares, down from 225.54 million shares in 2019Q1. Also, the number of institutional investors holding General Dynamics Corp in their top 10 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 1.05 million 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 earnings per share, 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 earnings per share 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 purchase, and 0 insider sales 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 General Dynamics Corporation (NYSE:GD) on Friday, June 14 with “Underweight” rating. The firm earned “Neutral” rating on Thursday, April 25 by JP Morgan. UBS maintained General Dynamics Corporation (NYSE:GD) on Thursday, April 25 with “Neutral” rating. The rating was upgraded by Goldman Sachs to “Buy” on Monday, May 20. The rating was maintained by Morgan Stanley with “Underweight” on Wednesday, August 14.

More notable recent General Dynamics Corporation (NYSE:GD) news were published by: Finance.Yahoo.com which released: “What does General Dynamics Corporation’s (NYSE:GD) Balance Sheet Tell Us About Its Future? – Yahoo Finance” on June 13, 2019, also Seekingalpha.com with their article: “General Dynamics wins major Navy contract – Seeking Alpha” published on August 24, 2019, Investingnews.com published: “US Cybersecurity M&A Activity Remains Strong: GlobalData | INN – Investing News Network” on September 12, 2019. More interesting news about General Dynamics Corporation (NYSE:GD) were released by: Prnewswire.com and their article: “General Dynamics Awarded $1.6 Billion Contract to Build Additional US Navy Expeditionary Sea Base Ships – PRNewswire” published on August 23, 2019 as well as Seekingalpha.com‘s news article titled: “New autonomous UUV from General Dynamics – Seeking Alpha” with publication date: September 11, 2019.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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