As General Dynamics Corp (GD) Market Value Declined, Shareholder Longview Asset Management LLC Has Trimmed Stake by $141.56 Million

July 14, 2018 - By Paula Hilliard

General Dynamics Corporation (NYSE:GD) LogoInvestors sentiment decreased to 0.88 in Q1 2018. Its down 0.19, from 1.07 in 2017Q4. It fall, as 52 investors sold GD shares while 361 reduced holdings. 100 funds opened positions while 263 raised stakes. 230.81 million shares or 0.50% more from 229.66 million shares in 2017Q4 were reported. Vident Invest Advisory Limited Liability holds 0.02% or 2,344 shares. Roundview Cap holds 1,047 shares. Condor Mgmt reported 4,600 shares. Aqr Management Ltd stated it has 0.26% of its portfolio in General Dynamics Corporation (NYSE:GD). Coastline reported 0.31% of its portfolio in General Dynamics Corporation (NYSE:GD). West Oak Limited Liability holds 0% or 1,295 shares. Brown Advisory Limited Liability Com has 0.71% invested in General Dynamics Corporation (NYSE:GD) for 17,234 shares. Arvest Bancorp Tru Division holds 2.04% or 130,347 shares in its portfolio. Northern stated it has 3.25 million shares or 0.19% of all its holdings. Forward Management Llc reported 6,469 shares stake. Advisory Services Ntwk Limited Liability Corp has invested 0.16% in General Dynamics Corporation (NYSE:GD). Comerica Natl Bank invested 0.13% in General Dynamics Corporation (NYSE:GD). Peddock Advisors Ltd Liability Co has 1,534 shares for 0.18% of their portfolio. Transamerica Advsrs Inc accumulated 5 shares or 0% of the stock. Longview Asset Mgmt Limited Liability Corp has 97.48% invested in General Dynamics Corporation (NYSE:GD).

Since February 14, 2018, it had 0 buys, and 8 insider sales for $8.28 million activity. 3,585 shares were sold by Roualet Mark C., worth $814,050. Another trade for 1,800 shares valued at $389,574 was made by KEANE JOHN M on Wednesday, February 14. On Wednesday, February 14 Johnson S. Daniel sold $754,828 worth of General Dynamics Corporation (NYSE:GD) or 3,522 shares. 5,977 shares valued at $1.34M were sold by Whited Gary L on Tuesday, March 6. LYLES LESTER L sold $1.15M worth of stock or 5,210 shares.

James A. Star decreased its stake in General Dynamics Corp (GD) by 1.93% based on its latest 2018Q1 regulatory filing with the SEC. Longview Asset Management Llc sold 643,437 shares as the company’s stock declined 8.23% with the market. The hedge fund run by James A. Star held 32.68 million shares of the marine transportation company at the end of 2018Q1, valued at $7.22 billion, down from 33.32M at the end of the previous reported quarter. Longview Asset Management Llc who had been investing in General Dynamics Corp for a number of months, seems to be less bullish one the $57.25B market cap company. The stock decreased 0.46% or $0.9 during the last trading session, reaching $192.74. About 1.84M shares traded or 13.61% up from the average. General Dynamics Corporation (NYSE:GD) has risen 3.50% since July 14, 2017 and is uptrending. It has underperformed by 9.07% the S&P500.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on July, 25. They expect $2.52 earnings per share, up 2.86 % or $0.07 from last year’s $2.45 per share. GD’s profit will be $748.52 million for 19.12 P/E if the $2.52 EPS becomes a reality. After $2.65 actual earnings per share reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -4.91 % negative EPS growth.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

Among 10 analysts covering General Dynamics Corp (NYSE:GD), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. General Dynamics Corp has $282 highest and $207 lowest target. $246’s average target is 27.63% above currents $192.74 stock price. General Dynamics Corp had 18 analyst reports since January 23, 2018 according to SRatingsIntel. The stock of General Dynamics Corporation (NYSE:GD) earned “Hold” rating by Bernstein on Thursday, January 25. Citigroup maintained the shares of GD in report on Thursday, January 25 with “Neutral” rating. Credit Suisse maintained the stock with “Outperform” rating in Thursday, January 25 report. The stock of General Dynamics Corporation (NYSE:GD) earned “Hold” rating by Stifel Nicolaus on Thursday, April 26. The rating was maintained by Morgan Stanley with “Underweight” on Friday, June 22. The stock of General Dynamics Corporation (NYSE:GD) has “Buy” rating given on Wednesday, February 14 by Robert W. Baird. The company was maintained on Tuesday, February 13 by Wells Fargo. The firm has “Buy” rating given on Friday, April 6 by RBC Capital Markets. Wells Fargo maintained it with “Outperform” rating and $240 target in Thursday, January 25 report. The stock of General Dynamics Corporation (NYSE:GD) earned “Buy” rating by Robert W. Baird on Thursday, January 25.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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