The stock of General Dynamics Corporation (NYSE:GD) reached all time high today, Nov, 25 and still has $178.09 target or 4.00% above today’s $171.24 share price. This indicates more upside for the $52.26 billion company. This technical setup was reported by Barchart.com. If the $178.09 PT is reached, the company will be worth $2.09B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 122,094 shares traded hands. General Dynamics Corporation (NYSE:GD) has risen 23.68% since April 22, 2016 and is uptrending. It has outperformed by 18.27% the S&P500.
Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on January, 25. They expect $2.55 earnings per share, up 6.25% or $0.15 from last year’s $2.4 per share. GD’s profit will be $778.22M for 16.79 P/E if the $2.55 EPS becomes a reality. After $2.48 actual earnings per share reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts 2.82% 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. General Dynamics Corporation has been the topic of 25 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Argus Research maintained it with “Buy” rating and $165 target price in Tuesday, August 2 report. Barclays Capital upgraded General Dynamics Corporation (NYSE:GD) on Monday, November 30 to “Overweight” rating. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, January 28. Drexel Hamilton upgraded General Dynamics Corporation (NYSE:GD) on Monday, December 21 to “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, October 29. JP Morgan downgraded the shares of GD in a report on Wednesday, December 16 to “Neutral” rating. On Wednesday, August 10 the stock rating was upgraded by Bernstein to “Outperform”. As per Thursday, October 29, the company rating was maintained by Wolfe Research. As per Thursday, October 6, the company rating was initiated by Robert W. Baird. The stock has “Buy” rating given by Argus Research on Thursday, November 19.
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 decreased to 0.91 in Q2 2016. Its down 0.11, from 1.02 in 2016Q1. The ratio is negative, 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.
Element Capital Mgmt Ltd Company last reported 0.15% of its portfolio in the stock. Coastline holds 0.39% of its portfolio in General Dynamics Corporation (NYSE:GD) for 13,845 shares. Bluemountain Mngmt Ltd Limited Liability Company holds 0.02% of its portfolio in General Dynamics Corporation (NYSE:GD) for 7,291 shares. Earnest Partners Ltd Liability Company, a Georgia-based fund reported 271,654 shares. Retail Bank Of Hawaii accumulated 8,235 shares or 0.12% of the stock. Amp Capital Invsts holds 0.15% or 163,729 shares in its portfolio. Origin Asset Management Llp last reported 2.09% of its portfolio in the stock. Euclid Advisors Ltd Liability Corporation holds 0.51% or 84,533 shares in its portfolio. Sigma Planning Corporation, a Michigan-based fund reported 2,147 shares. Cleararc has 0.18% invested in the company for 6,531 shares. Cim Investment Mangement holds 0.4% or 6,933 shares in its portfolio. Seven Eight Cap Ltd Llc last reported 15,600 shares in the company. Indiana Investment Management Co, a Indiana-based fund reported 10,860 shares. Boothbay Fund Management Limited Liability Company has 0.12% invested in the company for 1,877 shares. Cwm Limited Com has 0.01% invested in the company for 507 shares.
Insider Transactions: Since July 29, 2016, the stock had 0 insider purchases, and 8 sales for $63.77 million net activity. On Friday, July 29 the insider Gallopoulos Gregory S sold $5.72 million. Roualet Mark C. also sold $6.17M worth of General Dynamics Corporation (NYSE:GD) shares. HELM ROBERT W sold $13.25M worth of stock. Kuryea Kimberly A sold 4,117 shares worth $636,307. $1.72M worth of General Dynamics Corporation (NYSE:GD) shares were sold by Whited Gary L. CASEY JOHN PATRICK had sold 57,490 shares worth $8.45M. The insider Johnson S. Daniel sold $4.98M.
More recent General Dynamics Corporation (NYSE:GD) news were published by: Prnewswire.com which released: “General Dynamics Announces Bath Iron Works, NASSCO Leadership Appointments …” on November 21, 2016. Also Nasdaq.com published the news titled: “Defense Stock Roundup: Lockheed Martin Scores Big; Boeing, Textron, General …” on November 24, 2016. Etfdailynews.com‘s news article titled: “General Dynamics Is A Top Pick During Trump’s Presidency” with publication date: November 21, 2016 was also an interesting one.
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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