General Dynamics Corp (NYSE:GD) Q2 2019 Sentiment Report

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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 improved, as 351 investment professionals started new or increased holdings, 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 holdings 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 $883.87 million 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 buying transaction, and 0 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. As per Wednesday, August 14, the company rating was maintained by Morgan Stanley. The stock has “Neutral” rating by UBS on Thursday, April 25. Goldman Sachs upgraded General Dynamics Corporation (NYSE:GD) on Monday, May 20 to “Buy” rating. As per Friday, June 14, the company rating was maintained by Morgan Stanley. The firm earned “Neutral” rating on Thursday, April 25 by JP Morgan.

More notable recent General Dynamics Corporation (NYSE:GD) news were published by: Streetinsider.com which released: “Raytheon (RTN) Added to BofA US 1 List, Removes AT&T (T), Williams Cos. (WMB), General Dynamics (GD) and Tapestry (TPR) – StreetInsider.com” on August 20, 2019, also Finance.Yahoo.com with their article: “What does General Dynamics Corporation’s (NYSE:GD) Balance Sheet Tell Us About Its Future? – Yahoo Finance” published on June 13, 2019, Bizjournals.com published: “GDIT secures $325M CISA priority telecom contract – Washington Business Journal” on August 23, 2019. More interesting news about General Dynamics Corporation (NYSE:GD) were released by: Bizjournals.com and their article: “General Dynamics IT wins $8B DOD cloud contract – Washington Business Journal” published on August 29, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should You Like General Dynamics Corporation’s (NYSE:GD) High Return On Capital Employed? – Yahoo Finance” with publication date: August 09, 2019.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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