General Dynamics Corporation (GD) Stock Formed Bullish Wedge Up Pattern

April 16, 2018 - By Robert Case

General Dynamics Corporation (NYSE:GD) Corporate Logo

Big Money Sentiment decreased to 1.07 in 2017 Q4. It has change of 0.01, from 2017Q3’s 1.08. The ratio dived due to General Dynamics Corporation positioning: 43 sold and 328 reduced. 108 funds amassed positions and 290 increased positions. Investors holded 255.81 million in 2017Q3 but now own 229.66 million shares or 10.22% less.
Massachusetts-based Wellington Mgmt Group Inc Llp has invested 0.21% in General Dynamics Corporation (NYSE:GD). Bb&T, a North Carolina-based fund reported 53,569 shs. Polaris Greystone Lc stated it has 1.55% in General Dynamics Corporation (NYSE:GD). Whittier Trust Of Nevada Inc reported 0.02% stake. 9,633 were accumulated by Meiji Yasuda Asset Ltd. Contravisory Inv Mgmt invested in 1.47% or 19,906 shs. Commercial Bank Of Stockton reported 0.32% stake. Trust Department Mb Finance Commercial Bank N A has invested 1.26% in General Dynamics Corporation (NYSE:GD). Geode Mgmt Limited Liability Co holds 0.21% of its capital in General Dynamics Corporation (NYSE:GD) for 3.12M shs. Commonwealth Financial Bank Of Australia reported 26,515 shs. Grp One Trading Limited Partnership reported 0.01% of its capital in General Dynamics Corporation (NYSE:GD). Hancock Holding Company stated it has 2,391 shs or 0.02% of all its holdings. Zwj Inv Counsel Inc stated it has 1,144 shs. Boston Prtnrs owns 1.44M shs for 0.35% of their capital. Moreover, Hanson Mcclain Inc has 0.01% invested in General Dynamics Corporation (NYSE:GD).

General Dynamics Corporation registered $8.28 million net activity with 0 buys and 8 selling transactions since February 14, 2018. Another trade for 3,585 shs valued at $814,050 was made by Roualet Mark C. on Tuesday, February 27. On Friday, March 9 $899,843 worth of stock was sold by Johnson S. Daniel. On Wednesday, February 14 CASEY JOHN PATRICK sold $2.00 million worth of General Dynamics Corporation (NYSE:GD). On Wednesday, February 14 $389,574 worth of General Dynamics Corporation (NYSE:GD) was sold by KEANE JOHN M. Whited Gary L also sold $1.34 million worth of General Dynamics Corporation (NYSE:GD) on Tuesday, March 6.

The up wedge chart that General Dynamics Corporation (GD) formed has $230.28 Target or 5.00 % above today’s $219.31 stock price. At our $230.28 Target, the company worth will be $3.27B more.

Its shares touched $219.31 on during the last trading session after 0.41% change.General Dynamics Corporation has volume of 132,787 shares. Since April 16, 2017 GD has risen 19.18% and is uptrending. GD outperformed by 7.63% the S&P 500.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on April, 25. They expect $2.48 EPS, 0.00 % or $0.00 from last year’s $2.48 per share. GD’s profit will be $739.23 million for 22.11 P/E if the $2.48 EPS becomes a reality. After $2.50 actual EPS 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

In total 13 analysts cover General Dynamics Corp (NYSE:GD). “Buy” rating has 8, “Sell” are 2, while 3 are “Hold”. 62% are bullish. 24 are the (NYSE:GD)’s analyst reports since October 19, 2017 according to StockzIntelligence Inc. On Thursday, October 19 the rating was maintained by Cowen & Co with “Buy”. On Thursday, January 25 the rating was maintained by Credit Suisse with “Outperform”. On Wednesday, February 14 the firm has “Buy” rating by Robert W. Baird given. On Monday, January 8 Stifel Nicolaus maintained the shares of GD in report with “Hold” rating. On Thursday, January 25 the stock of General Dynamics Corporation (NYSE:GD) has “Buy” rating given by Robert W. Baird. On Tuesday, January 23 the firm earned “Buy” rating by RBC Capital Markets. On Monday, October 23 the rating was maintained by Robert W. Baird with “Buy”. On Thursday, January 25 Wells Fargo maintained the shares of GD in report with “Outperform” rating. The stock rating was maintained by RBC Capital Markets with “Buy” on Friday, April 6. On Thursday, October 26 the stock of General Dynamics Corporation (NYSE:GD) earned “Outperform” rating by Credit Suisse.

General Dynamics Corporation (NYSE:GD) Institutional Investors Chart

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