General Dynamics Corporation (GD) Forms Bullish Wedge Up Trading at $219.31

April 16, 2018 - By Carol Mulligan

General Dynamics Corporation (NYSE:GD) Corporate Logo

Big Money Sentiment decreased to 1.07 in Q4 2017. It has change of 0.01, from 2017Q3’s 1.08. The ratio turned negative due to General Dynamics Corporation positioning: 43 sold and 328 reduced. 108 funds bought holdings and 290 increased holdings. Investors holded 255.81 million in 2017Q3 but now own 229.66 million shares or 10.22% less.
Alpine Woods Capital Investors Ltd Liability Corp owns 19,000 shs or 0.19% of their US capital. Balyasny Asset reported 5,100 shs stake. Meiji Yasuda Asset accumulated 9,633 shs. Kentucky Retirement Systems holds 0.25% or 17,124 shs. Fiera Cap invested 0% in General Dynamics Corporation (NYSE:GD). Redwood Invests Limited Co holds 0.29% in General Dynamics Corporation (NYSE:GD) or 20,163 shs. Hedeker Wealth Limited Liability Corp has 0.2% invested in General Dynamics Corporation (NYSE:GD) for 1,240 shs. Stanley owns 4,776 shs or 0.21% of their US capital. 2,986 are owned by D E Shaw Communications Inc. Burke Herbert Natl Bank Co, Virginia-based fund reported 1,602 shs. Holderness Company accumulated 3,470 shs or 0.35% of the stock. Cidel Asset Mngmt holds 0.02% or 1,955 shs. Pictet Asset Mgmt reported 0.04% stake. Schwab Charles Invest Mngmt Inc invested 0.16% of its capital in General Dynamics Corporation (NYSE:GD). Cornerstone Investment Limited Liability Company accumulated 9,170 shs.

General Dynamics Corporation had 8 sales and 0 insider buys since February 14, 2018. This’s net activity of $8.28 million. $1.15M worth of General Dynamics Corporation (NYSE:GD) was sold by LYLES LESTER L. The insider KEANE JOHN M sold 1,800 shs worth $389,574. Whited Gary L sold $1.34M worth of stock or 5,977 shs. Roualet Mark C. had sold 3,585 shs worth $814,050 on Tuesday, February 27. Shares for $754,828 were sold by Johnson S. Daniel on Wednesday, February 14.

The up wedge chart that General Dynamics Corporation (GD) formed has $230.28 Target or 5.00 % above today’s $219.31 stock price. At our $230.28 Target, the company worth will be $3.27B more.

GD reached $219.31 on during the last trading session after $0.9 change.General Dynamics Corporation has volume of 132,787 shares. Since April 16, 2017 GD has risen 19.18% and is uptrending. The stock outperformed the S&P500 by 7.63%.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on April, 25. They expect $2.48 EPS, 0.00 % or $0.00 from last year’s $2.48 per share. GD’s profit will be $739.23 million for 22.11 P/E if the $2.48 EPS becomes a reality. After $2.50 actual EPS reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -0.80 % negative EPS growth.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

In total 13 analysts cover General Dynamics Corp (NYSE:GD). “Buy” rating has 8, “Sell” are 2, while 3 are “Hold”. 62% are bullish. 24 are the (NYSE:GD)’s analyst reports since October 19, 2017 according to StockzIntelligence Inc. On Friday, April 6 the firm has “Buy” rating given by RBC Capital Markets. On Thursday, October 19 the firm has “Buy” rating by Cowen & Co given. On Friday, February 23 the company was maintained by Morgan Stanley. On Monday, November 13 the stock of General Dynamics Corporation (NYSE:GD) earned “Underweight” rating by Morgan Stanley. On Thursday, January 25 the firm earned “Outperform” rating by Wells Fargo. On Thursday, April 12 the company was maintained by Morgan Stanley. On Tuesday, December 12 the stock has “Sell” rating by J.P. Morgan. The stock rating was maintained by RBC Capital Markets with “Buy” on Wednesday, November 15. On Wednesday, October 25 Jefferies maintained General Dynamics Corporation (NYSE:GD) rating. Jefferies has “Buy” rating and $236.0 target. On Tuesday, February 13 the stock has “Outperform” rating by Credit Suisse.

General Dynamics Corporation (NYSE:GD) Institutional Investors Chart

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