The stock of General Dynamics Corporation (NYSE:GD) reached all time high today, Dec, 1 and still has $185.63 target or 5.00% above today’s $176.79 share price. This indicates more upside for the $53.90 billion company. This technical setup was reported by Barchart.com. If the $185.63 PT is reached, the company will be worth $2.70B 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 280,175 shares traded hands. General Dynamics Corporation (NYSE:GD) has risen 24.22% since April 28, 2016 and is uptrending. It has outperformed by 18.30% 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 $777.45M for 17.33 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. The firm has “Outperform” rating given on Thursday, October 29 by RBC Capital Markets. Argus Research upgraded General Dynamics Corporation (NYSE:GD) on Thursday, November 19 to “Buy” rating. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, March 24 report. The firm has “Buy” rating by Drexel Hamilton given on Monday, December 21. The rating was upgraded by Bernstein to “Outperform” on Wednesday, August 10. The company was downgraded on Friday, July 31 by Drexel Hamilton. The stock has “Neutral” rating given by JP Morgan on Wednesday, December 16. As per Thursday, July 30, the company rating was maintained by RBC Capital Markets. Robert W. Baird initiated the shares of GD in a report on Thursday, October 6 with “Outperform” rating. The firm earned “Outperform” rating on Thursday, January 28 by RBC Capital Markets.
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 dropped, 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.
Millennium Management Ltd Liability accumulated 333,478 shares or 0.11% of the stock. Parkside Finance National Bank has 864 shares for 0.06% of their US portfolio. Carroll Fincl Assocs last reported 0.03% of its portfolio in the stock. Moreover, Monetta Financial Incorporated has 0.53% invested in General Dynamics Corporation (NYSE:GD) for 6,000 shares. Moreover, Hbk Invs Ltd Partnership has 0.02% invested in General Dynamics Corporation (NYSE:GD) for 15,600 shares. Segall Bryant Hamill Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock. State Of New Jersey Common Pension Fund D last reported 510,000 shares in the company. Chemung Canal Trust Company holds 0.11% of its portfolio in General Dynamics Corporation (NYSE:GD) for 3,291 shares. Murphy Mngmt Inc, a New Jersey-based fund reported 17,835 shares. Martingale Asset Mngmt L P has invested 0.53% of its portfolio in General Dynamics Corporation (NYSE:GD). Moreover, Geode Cap Mgmt Limited Company has 0.19% invested in General Dynamics Corporation (NYSE:GD) for 2.56M shares. Kcg Holding Incorporated holds 41,106 shares or 0.12% of its portfolio. Country Bancshares, a Illinois-based fund reported 129,620 shares. Moreover, Voya Lc has 0.43% invested in General Dynamics Corporation (NYSE:GD) for 1.26 million shares. Rs Mgmt Company Ltd Company holds 0.24% of its portfolio in General Dynamics Corporation (NYSE:GD) for 169,060 shares.
Insider Transactions: Since July 29, 2016, the stock had 0 insider buys, and 8 sales for $63.77 million net activity. The insider HELM ROBERT W sold $13.25M. $6.17 million worth of General Dynamics Corporation (NYSE:GD) was sold by Roualet Mark C.. The insider Whited Gary L sold 10,259 shares worth $1.72M. Kuryea Kimberly A also sold $636,307 worth of General Dynamics Corporation (NYSE:GD) on Tuesday, September 6. CASEY JOHN PATRICK sold $8.45 million worth of General Dynamics Corporation (NYSE:GD) on Thursday, August 4. 33,650 shares with value of $4.98M were sold by Johnson S. Daniel on Wednesday, August 3. Another trade for 39,000 shares valued at $5.72M was made by Gallopoulos Gregory S on Friday, July 29.
More news for General Dynamics Corporation (NYSE:GD) were recently published by: Investorplace.com, which released: “Trade of the Day: General Dynamics Corporation (GD) Stock Looking Bright After …” on November 29, 2016. Etfdailynews.com‘s article titled: “General Dynamics Is A Top Pick During Trump’s Presidency” and published on November 21, 2016 is yet another important article.
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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