As General Dynamics Corp (GD) Market Value Declined, Holder Longview Asset Management LLC Cut Its Stake

July 14, 2018 - By Vernon Rice

General Dynamics Corporation (NYSE:GD) LogoInvestors sentiment decreased to 0.88 in Q1 2018. Its down 0.19, from 1.07 in 2017Q4. It fall, as 52 investors sold GD shares while 361 reduced holdings. 100 funds opened positions while 263 raised stakes. 230.81 million shares or 0.50% more from 229.66 million shares in 2017Q4 were reported. Intll owns 1.47 million shares or 0.38% of their US portfolio. Ifrah Fincl Services reported 4,813 shares or 0.39% of all its holdings. Lord Abbett Limited Liability Com reported 714,761 shares or 0.47% of all its holdings. Investment Advisors Ltd Limited Liability Company invested 0.04% of its portfolio in General Dynamics Corporation (NYSE:GD). 1,016 were accumulated by Pillar Pacific Cap Limited Liability Company. Edgar Lomax Va stated it has 1.12% of its portfolio in General Dynamics Corporation (NYSE:GD). Moreover, Natixis LP has 0.37% invested in General Dynamics Corporation (NYSE:GD) for 171,833 shares. Gateway Advisory Limited Liability Company holds 0.07% or 1,155 shares. 9,156 were reported by Advisory Net. Richard Bernstein Lc has 17,121 shares. Ftb Advisors has 6,367 shares for 0.14% of their portfolio. Choate Advisors owns 7,621 shares. Cetera Advisor Net Ltd Liability reported 0.05% stake. United Asset Strategies owns 1.65% invested in General Dynamics Corporation (NYSE:GD) for 25,408 shares. Freestone Cap Limited Liability Company invested in 1,874 shares.

Since February 14, 2018, it had 0 insider purchases, and 8 selling transactions for $8.28 million activity. 3,585 General Dynamics Corporation (NYSE:GD) shares with value of $814,050 were sold by Roualet Mark C.. KEANE JOHN M had sold 1,800 shares worth $389,574. CASEY JOHN PATRICK sold $2.00M worth of stock. Whited Gary L also sold $1.34 million worth of General Dynamics Corporation (NYSE:GD) shares. $1.15M worth of General Dynamics Corporation (NYSE:GD) shares were sold by LYLES LESTER L.

James A. Star decreased its stake in General Dynamics Corp (GD) by 1.93% based on its latest 2018Q1 regulatory filing with the SEC. Longview Asset Management Llc sold 643,437 shares as the company’s stock declined 8.23% with the market. The hedge fund run by James A. Star held 32.68M shares of the marine transportation company at the end of 2018Q1, valued at $7.22B, down from 33.32 million at the end of the previous reported quarter. Longview Asset Management Llc who had been investing in General Dynamics Corp for a number of months, seems to be less bullish one the $57.25 billion market cap company. The stock decreased 0.46% or $0.9 during the last trading session, reaching $192.74. About 1.84M shares traded or 13.61% up from the average. General Dynamics Corporation (NYSE:GD) has risen 3.50% since July 14, 2017 and is uptrending. It has underperformed by 9.07% the S&P500.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on July, 25. They expect $2.52 EPS, up 2.86 % or $0.07 from last year’s $2.45 per share. GD’s profit will be $748.52M for 19.12 P/E if the $2.52 EPS becomes a reality. After $2.65 actual EPS reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -4.91 % negative EPS growth.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

Among 10 analysts covering General Dynamics Corp (NYSE:GD), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. General Dynamics Corp has $282 highest and $207 lowest target. $246’s average target is 27.63% above currents $192.74 stock price. General Dynamics Corp had 18 analyst reports since January 23, 2018 according to SRatingsIntel. Robert W. Baird maintained General Dynamics Corporation (NYSE:GD) on Wednesday, February 14 with “Buy” rating. The firm has “Underweight” rating by Morgan Stanley given on Friday, June 22. The stock has “Outperform” rating by Credit Suisse on Thursday, April 26. As per Friday, April 6, the company rating was maintained by RBC Capital Markets. On Thursday, January 25 the stock rating was maintained by Citigroup with “Neutral”. The rating was maintained by Credit Suisse with “Buy” on Tuesday, May 22. Morgan Stanley maintained it with “Underweight” rating and $217 target in Thursday, April 12 report. The company was maintained on Friday, February 23 by Morgan Stanley. The stock has “Outperform” rating by Wells Fargo on Thursday, January 25. RBC Capital Markets maintained General Dynamics Corporation (NYSE:GD) rating on Tuesday, January 23. RBC Capital Markets has “Buy” rating and $246.0 target.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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