In today’s session General Dynamics Corporation (GD) recorded an unusually high (905) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GD decrease. With 905 contracts traded and 8004 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GD161118P00140000 closed last at: $0.95 or 13.6% down. About 597,871 shares traded hands. General Dynamics Corporation (NYSE:GD) has risen 13.94% since March 4, 2016 and is uptrending. It has outperformed by 5.90% the S&P500.
Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on October, 26. They expect $2.37 earnings per share, up 3.95% or $0.09 from last year’s $2.28 per share. GD’s profit will be $725.46 million for 16.01 P/E if the $2.37 EPS becomes a reality. After $2.44 actual earnings per share reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -2.87% negative EPS growth.
General Dynamics Corporation (NYSE:GD) Ratings Coverage
Out of 12 analysts covering General Dynamics Corporation (NYSE:GD), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. $185 is the highest target while $147 is the lowest. The $165.23 average target is 8.86% above today’s ($151.78) stock price. General Dynamics Corporation has been the topic of 25 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Friday, July 31, the company rating was downgraded by Drexel Hamilton. The stock has “Outperform” rating given by Robert W. Baird on Thursday, October 6. The firm has “Buy” rating by Drexel Hamilton given on Monday, December 21. Argus Research maintained it with “Buy” rating and $165 target price in Tuesday, August 2 report. Deutsche Bank downgraded General Dynamics Corporation (NYSE:GD) on Thursday, March 24 to “Hold” rating. The firm earned “Buy” rating on Tuesday, August 25 by Zacks. RBC Capital Markets maintained it with “Outperform” rating and $165 target price in Thursday, July 30 report. The company was maintained on Thursday, April 28 by RBC Capital Markets. The stock of General Dynamics Corporation (NYSE:GD) has “Hold” rating given on Monday, August 31 by Zacks. The rating was maintained by Bernstein with “Market Perform” on Wednesday, February 24.
According to Zacks Investment Research, “General Dynamics Corp.’s primary businesses focus is on shipbuilding and marine systems, business aviation, information systems, and land and amphibious combat systems. Each of these businesses involves design, manufacturing and program management expertise, advanced technology, and integration of complex systems. The primary customers for the company’s businesses are the United States military, the armed forces of allied nations, other government organizations and a diverse base of corporate and industrial buyers.”
Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.13, from 0.89 in 2016Q1. The ratio increased, as 45 funds sold all General Dynamics Corporation shares owned while 305 reduced positions. 91 funds bought stakes while 267 increased positions. They now own 265.50 million shares or 2.74% less from 272.98 million shares in 2016Q1.
Holowesko Limited has 0.03% invested in the company for 2,700 shares. Washington Tru has 0.02% invested in the company for 2,088 shares. The United Kingdom-based Hsbc Hldgs Public Limited Company has invested 0.24% in General Dynamics Corporation (NYSE:GD). Cap Invsts, a California-based fund reported 1.42M shares. Hilltop Hldgs holds 0.08% of its portfolio in General Dynamics Corporation (NYSE:GD) for 1,910 shares. Spinnaker Trust has invested 0.07% of its portfolio in General Dynamics Corporation (NYSE:GD). Manufacturers Life Ins The last reported 0.09% of its portfolio in the stock. Mutual Of America Mngmt Llc has invested 0.1% of its portfolio in General Dynamics Corporation (NYSE:GD). Alphamark Advsr Ltd Liability Co has 0% invested in the company for 36 shares. Sentinel Asset Mngmt reported 218,500 shares or 0.72% of all its holdings. Ahl Prtn Llp owns 12,029 shares or 0.09% of their US portfolio. Regentatlantic Capital reported 15,321 shares or 0.21% of all its holdings. Moreover, Hgk Asset Mgmt Incorporated has 1.76% invested in General Dynamics Corporation (NYSE:GD) for 84,909 shares. Moreover, Proshare Advsrs Ltd Limited Liability Company has 0.07% invested in General Dynamics Corporation (NYSE:GD) for 39,020 shares. Ig Inv Mngmt, a Manitoba – Canada-based fund reported 525,886 shares.
Insider Transactions: Since July 29, 2016, the stock had 0 insider buys, and 7 insider sales for $62.05 million net activity. 4,117 shares with value of $636,307 were sold by Kuryea Kimberly A on Tuesday, September 6. Shares for $8.45 million were sold by CASEY JOHN PATRICK. HELM ROBERT W sold $13.25M worth of General Dynamics Corporation (NYSE:GD) on Friday, September 9. Shares for $5.72 million were sold by Gallopoulos Gregory S. 40,780 shares were sold by Roualet Mark C., worth $6.17M on Thursday, August 11. $4.98M worth of shares were sold by Johnson S. Daniel on Wednesday, August 3.
General Dynamics Corporation is an aerospace and defense firm that offers a portfolio of services and products in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance solutions and information technology (IT) services, and shipbuilding. The company has a market cap of $46.46 billion.
GD Company Profile
General Dynamics Corporation, incorporated on February 21, 1952, is an aerospace and defense firm that offers a portfolio of services and products in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding. The Firm operates through four business groups: Aerospace, which produces Gulfstream aircraft; provides aircraft services, and performs aircraft completions for other original equipment manufacturers (OEMs); Combat Systems, which design and manufacture combat vehicles, weapons systems and munitions; Information Systems and Technology, which provides C4ISR solutions and IT services, and Marine Systems, which design, construct and repair surface ships and submarines.
More news for General Dynamics Corporation (NYSE:GD) were recently published by: Profitconfidential.com, which released: “General Dynamics Corporation: GD Stock to Hit $200 in 2017?” on October 02, 2016. Prnewswire.com‘s article titled: “General Dynamics NASSCO Delivers Fourth ECO Class Product Carrier to American …” and published on September 27, 2016 is yet another important article.
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