In today’s session General Dynamics Corporation (GD) registered an unusually high (502) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious GD increase. With 502 contracts traded and 35524 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: GD170217C00165000 closed last at: $11 or 4.8% up. About 127,786 shares traded hands. General Dynamics Corporation (NYSE:GD) has risen 21.95% since April 27, 2016 and is uptrending. It has outperformed by 16.72% 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 $787.53 million for 17.15 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. $185 is the highest target while $147 is the lowest. The $165.23 average target is -5.57% below today’s ($174.98) stock price. General Dynamics Corporation has been the topic of 25 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Wolfe Research maintained General Dynamics Corporation (NYSE:GD) rating on Thursday, October 29. Wolfe Research has “Outperform” rating and $170 price target. Drexel Hamilton upgraded the shares of GD in a report on Monday, December 21 to “Buy” rating. On Thursday, April 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. Zacks upgraded General Dynamics Corporation (NYSE:GD) on Monday, August 31 to “Hold” rating. The rating was downgraded by Zacks to “Buy” on Tuesday, August 25. The company was maintained on Monday, May 2 by Barclays Capital. The firm earned “Hold” rating on Friday, July 31 by Drexel Hamilton. The rating was maintained by Goldman Sachs with “Neutral” on Monday, May 2. Barclays Capital upgraded it to “Overweight” rating and $157 target price in Monday, November 30 report. On Wednesday, December 16 the stock rating was downgraded by JP Morgan to “Neutral”.
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 2016 Q2. Its down 0.11, from 1.02 in 2016Q1. The ratio worsened, 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.
Westport Res Mgmt reported 9,562 shares or 0.43% of all its holdings. Metropolitan Life Com owns 152,509 shares or 0.16% of their US portfolio. Moreover, General Electric has 0.59% invested in General Dynamics Corporation (NYSE:GD) for 819,146 shares. State Street holds 0.17% or 11.59 million shares in its portfolio. Bailard last reported 7,722 shares in the company. Fifth Third Comml Bank has 0.04% invested in the company for 35,209 shares. Sequoia Fincl Advsrs Limited Liability Company holds 1,453 shares or 0.06% of its portfolio. Torray Ltd Liability has 85,367 shares for 0.9% of their US portfolio. Fisher Asset Mgmt Limited Liability Company last reported 0% of its portfolio in the stock. Marshwinds Advisory, a Georgia-based fund reported 14,675 shares. Brinker last reported 0.05% of its portfolio in the stock. The Maine-based Schroder Investment Mngmt Grp has invested 0.07% in General Dynamics Corporation (NYSE:GD). Goldman Sachs Gp holds 0.06% of its portfolio in General Dynamics Corporation (NYSE:GD) for 1.21M shares. State Board Of Administration Of Florida Retirement System holds 0.16% or 358,043 shares in its portfolio. Bowling Mngmt Ltd Llc last reported 1,761 shares in the company.
Insider Transactions: Since July 29, 2016, the stock had 0 insider purchases, and 8 sales for $63.77 million net activity. Roualet Mark C. sold 40,780 shares worth $6.17 million. 10,259 General Dynamics Corporation (NYSE:GD) shares with value of $1.72 million were sold by Whited Gary L. $4.98M worth of General Dynamics Corporation (NYSE:GD) shares were sold by Johnson S. Daniel. The insider Kuryea Kimberly A sold 4,117 shares worth $636,307. Gallopoulos Gregory S also sold $5.72M worth of General Dynamics Corporation (NYSE:GD) on Friday, July 29. HELM ROBERT W sold $13.25M worth of stock or 87,790 shares. 57,490 General Dynamics Corporation (NYSE:GD) shares with value of $8.45 million were sold by CASEY JOHN PATRICK.
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 $54.04 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 recent General Dynamics Corporation (NYSE:GD) news were published by: Investorplace.com which released: “Trade of the Day: General Dynamics Corporation (GD) Stock Looking Bright After …” on November 29, 2016. Also Prnewswire.com published the news titled: “General Dynamics Announces Bath Iron Works, NASSCO Leadership Appointments …” on November 21, 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.
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