General Dynamics Corp (GD) Stock Price Rose While Private Bank & Trust Co Lowered by $3.27 Million Its Stake

April 17, 2018 - By Linda Rogers

General Dynamics Corporation (NYSE:GD) LogoInvestors sentiment decreased to 1.07 in 2017 Q4. Its down 0.01, from 1.08 in 2017Q3. It dived, as 43 investors sold GD shares while 328 reduced holdings. 108 funds opened positions while 290 raised stakes. 229.66 million shares or 10.22% less from 255.81 million shares in 2017Q3 were reported. Fincl Architects invested 0.02% in General Dynamics Corporation (NYSE:GD). Savant Capital Ltd Liability Company accumulated 1,784 shares. Oppenheimer holds 0.14% or 26,619 shares. Dowling Yahnke Lc holds 11,478 shares. Prospector Prtnrs Limited, Connecticut-based fund reported 31,320 shares. Tower Rech Cap Limited Liability Co (Trc) invested in 4,188 shares or 0.11% of the stock. Beck Cap Mngmt Ltd has 0.41% invested in General Dynamics Corporation (NYSE:GD). Highland Cap Management Limited Liability invested in 1,741 shares or 0.03% of the stock. Sequoia Advisors Limited Liability, Ohio-based fund reported 1,744 shares. Edgemoor Inv stated it has 1.59% in General Dynamics Corporation (NYSE:GD). Moreover, Aviance Capital Mgmt Ltd Limited Liability Company has 0.1% invested in General Dynamics Corporation (NYSE:GD). Brandywine Mgmt Ltd invested 0.44% of its portfolio in General Dynamics Corporation (NYSE:GD). Creative Planning accumulated 0.01% or 14,112 shares. Sfmg Ltd Llc holds 0.03% or 1,007 shares in its portfolio. Acg Wealth, a Georgia-based fund reported 3,020 shares.

Since February 14, 2018, it had 0 insider purchases, and 8 sales for $8.28 million activity. LYLES LESTER L had sold 5,210 shares worth $1.15 million on Friday, February 23. 3,585 General Dynamics Corporation (NYSE:GD) shares with value of $814,050 were sold by Roualet Mark C.. Another trade for 5,977 shares valued at $1.34M was made by Whited Gary L on Tuesday, March 6. $754,828 worth of stock was sold by Johnson S. Daniel on Wednesday, February 14. Another trade for 1,800 shares valued at $389,574 was made by KEANE JOHN M on Wednesday, February 14.

Gregg J. Powers decreased its stake in General Dynamics Corp (GD) by 24.5% based on its latest 2017Q4 regulatory filing with the SEC. Private Bank & Trust Co sold 16,101 shares as the company’s stock rose 9.09% while stock markets declined. The hedge fund run by Gregg J. Powers held 49,625 shares of the marine transportation company at the end of 2017Q4, valued at $10.10 million, down from 65,726 at the end of the previous reported quarter. Private Bank & Trust Co who had been investing in General Dynamics Corp for a number of months, seems to be less bullish one the $65.73B market cap company. The stock increased 0.97% or $2.11 during the last trading session, reaching $220.51. About 551,178 shares traded. General Dynamics Corporation (NYSE:GD) has risen 19.18% since April 17, 2017 and is uptrending. It has outperformed by 7.63% the S&P500.

Private Bank & Trust Co, which manages about $3.20 billion and $792.05 million US Long portfolio, upped its stake in Vanguard (VB) by 28,749 shares to 33,955 shares, valued at $5.02M in 2017Q4, according to the filing.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on April, 25. They expect $2.48 earnings per share, 0.00 % or $0.00 from last year’s $2.48 per share. GD’s profit will be $739.23M for 22.23 P/E if the $2.48 EPS becomes a reality. After $2.50 actual earnings per share reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -0.80 % negative EPS growth.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

Among 13 analysts covering General Dynamics Corp (NYSE:GD), 8 have Buy rating, 2 Sell and 3 Hold. Therefore 62% are positive. General Dynamics Corp had 24 analyst reports since October 19, 2017 according to SRatingsIntel. The stock of General Dynamics Corporation (NYSE:GD) earned “Buy” rating by Robert W. Baird on Thursday, January 25. The stock of General Dynamics Corporation (NYSE:GD) earned “Buy” rating by Robert W. Baird on Wednesday, February 14. The stock of General Dynamics Corporation (NYSE:GD) earned “Hold” rating by Stifel Nicolaus on Monday, January 8. Credit Suisse maintained it with “Outperform” rating and $238 target in Thursday, October 26 report. On Thursday, January 25 the stock rating was maintained by Credit Suisse with “Outperform”. As per Friday, February 23, the company rating was maintained by Morgan Stanley. The stock of General Dynamics Corporation (NYSE:GD) has “Outperform” rating given on Thursday, January 25 by Wells Fargo. RBC Capital Markets maintained General Dynamics Corporation (NYSE:GD) rating on Wednesday, November 15. RBC Capital Markets has “Buy” rating and $239.0 target. Wells Fargo maintained it with “Buy” rating and $240.0 target in Tuesday, February 13 report. RBC Capital Markets maintained it with “Buy” rating and $26300 target in Friday, April 6 report.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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