In today’s session General Dynamics Corporation (GD) registered an unusually high (531) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GD increase. With 531 contracts traded and 51224 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GD161118C00155000 closed last at: $0.9 or 28.6% up. About 2.02M shares traded hands or 49.63% up from the average. General Dynamics Corporation (NYSE:GD) has risen 17.04% since April 7, 2016 and is uptrending. It has outperformed by 12.26% the S&P500.
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 2.88% above today’s ($160.61) stock price. General Dynamics Corporation has been the topic of 25 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Monday, May 2, the company rating was maintained by Goldman Sachs. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, April 28 report. The firm earned “Hold” rating on Thursday, March 24 by Deutsche Bank. Argus Research maintained it with “Buy” rating and $165 target price in Tuesday, August 2 report. The stock has “Buy” rating given by Citigroup on Wednesday, September 7. The stock has “Hold” rating given by Drexel Hamilton on Friday, July 31. The stock of General Dynamics Corporation (NYSE:GD) has “Overweight” rating given on Monday, May 2 by Barclays Capital. RBC Capital Markets maintained the shares of GD in a report on Thursday, July 30 with “Outperform” rating. Drexel Hamilton upgraded the shares of GD in a report on Monday, December 21 to “Buy” rating. The stock of General Dynamics Corporation (NYSE:GD) has “Neutral” rating given on Wednesday, December 16 by JP Morgan.
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 is positive, 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.
Palladium Prtnrs Limited Liability Corp reported 22,189 shares or 0.28% of all its holdings. Nj State Employees Deferred Compensation Plan has 0.3% invested in the company for 10,000 shares. Great West Life Assurance Can holds 0.16% of its portfolio in General Dynamics Corporation (NYSE:GD) for 329,461 shares. Bbva Compass has invested 0.15% of its portfolio in General Dynamics Corporation (NYSE:GD). Northpointe Cap Ltd Liability has invested 0.33% of its portfolio in General Dynamics Corporation (NYSE:GD). First Interstate Retail Bank, a Montana-based fund reported 1,413 shares. Outfitter Advsr Ltd holds 8,725 shares or 0.52% of its portfolio. Foundry Prtn Ltd Llc owns 86,316 shares or 0.68% of their US portfolio. Winfield Assoc last reported 81 shares in the company. Meritage Port Mngmt has 37,866 shares for 0.59% of their US portfolio. Weybosset & Limited Liability Corp holds 5.37% or 50,648 shares in its portfolio. Cornercap Inv Counsel has invested 0.58% of its portfolio in General Dynamics Corporation (NYSE:GD). Credit Suisse Ag, a Switzerland-based fund reported 456,815 shares. Fisher Asset Ltd Company holds 0% or 13,481 shares in its portfolio. Next Gp Inc reported 2,343 shares or 0.1% of all its holdings.
Insider Transactions: Since July 29, 2016, the stock had 0 insider buys, and 7 sales for $62.05 million net activity. CASEY JOHN PATRICK sold $8.45M worth of General Dynamics Corporation (NYSE:GD) on Thursday, August 4. Shares for $4.98M were sold by Johnson S. Daniel. Shares for $5.72 million were sold by Gallopoulos Gregory S on Friday, July 29. Kuryea Kimberly A had sold 4,117 shares worth $636,307. HELM ROBERT W sold $13.25 million worth of stock. $6.17 million worth of shares were sold by Roualet Mark C. on Thursday, August 11.
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 $49.36 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.
Another recent and important General Dynamics Corporation (NYSE:GD) news was published by Seekingalpha.com which published an article titled: “Capability Driven Investment Delivering Multi-Decade Returns” on November 07, 2016.
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