Stock Worth Watching: Is Buying 52-Week Stock Like General Dynamics Corporation a Winning Strategy?

Stock Worth Watching: Is Buying 52 Week Stock Like General Dynamics Corporation a Winning Strategy?

The stock of General Dynamics Corporation (NYSE:GD) hit a new 52-week high and has $252.45 target or 56.00% above today’s $161.83 share price. The 5 months bullish chart indicates low risk for the $49.73 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $252.45 price target is reached, the company will be worth $27.85 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.32M shares traded hands or 71.85% 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. General Dynamics Corporation has been the topic of 25 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, October 29 by RBC Capital Markets. The stock of General Dynamics Corporation (NYSE:GD) has “Market Perform” rating given on Wednesday, February 24 by Bernstein. On Thursday, October 29 the stock rating was maintained by Wolfe Research with “Outperform”. Goldman Sachs maintained it with “Neutral” rating and $147 target price in Monday, May 2 report. The stock has “Hold” rating given by Drexel Hamilton on Friday, July 31. On Monday, November 30 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock of General Dynamics Corporation (NYSE:GD) earned “Overweight” rating by Barclays Capital on Monday, May 2. The rating was downgraded by Deutsche Bank on Thursday, March 24 to “Hold”. As per Thursday, January 28, the company rating was maintained by RBC Capital Markets. The stock of General Dynamics Corporation (NYSE:GD) has “Buy” rating given on Tuesday, August 2 by Argus Research.

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 Q2 2016. 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.
Private National Bank & Trust reported 76,169 shares or 1.65% of all its holdings. Wellington Shields Capital Management Limited Co owns 10,075 shares or 0.24% of their US portfolio. Prudential Public Ltd Co holds 0% or 1,663 shares in its portfolio. Cohen And Steers Incorporated last reported 0.02% of its portfolio in the stock. Sanders Capital Ltd Company last reported 0.7% of its portfolio in the stock. Silvercrest Asset Mgmt Grp Ltd Llc has invested 0.05% of its portfolio in General Dynamics Corporation (NYSE:GD). Moreover, Honeywell Intll has 0.77% invested in General Dynamics Corporation (NYSE:GD) for 216,000 shares. Cleararc owns 6,531 shares or 0.18% of their US portfolio. Moreover, Andra Ap has 0.16% invested in General Dynamics Corporation (NYSE:GD) for 45,200 shares. Girard Prtnrs Ltd last reported 0.17% of its portfolio in the stock. Great Lakes Lc owns 13,209 shares or 0.05% of their US portfolio. Delta Capital Mngmt Lc last reported 2.28% of its portfolio in the stock. Lsv Asset has 48,300 shares for 0.01% of their US portfolio. Tru Of Toledo Na Oh has 0.07% invested in the company for 1,720 shares. Ativo Capital Management Limited Liability Company has 22,593 shares for 0.77% of their US portfolio.

Insider Transactions: Since July 29, 2016, the stock had 0 buys, and 7 selling transactions for $62.05 million net activity. 33,650 shares were sold by Johnson S. Daniel, worth $4.98M on Wednesday, August 3. The insider Kuryea Kimberly A sold $636,307. 149,910 General Dynamics Corporation (NYSE:GD) shares with value of $22.85M were sold by HELM ROBERT W. $6.17 million worth of General Dynamics Corporation (NYSE:GD) shares were sold by Roualet Mark C.. Shares for $8.45 million were sold by CASEY JOHN PATRICK on Thursday, August 4. $5.72 million worth of General Dynamics Corporation (NYSE:GD) shares were sold by Gallopoulos Gregory S.

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.

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.

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