$2.43 EPS Expected for General Dynamics Corporation (GD)

July 17, 2017 - By Nellie Frank

 $2.43 EPS Expected for General Dynamics Corporation (GD)
Investors sentiment increased to 1.12 in Q4 2016. Its up 0.21, from 0.91 in 2016Q3. It improved, as 41 investors sold General Dynamics Corporation shares while 312 reduced holdings. 128 funds opened positions while 266 raised stakes. 261.05 million shares or 0.73% less from 262.97 million shares in 2016Q3 were reported.
Sequoia Advsr Limited Liability Corporation holds 0.03% in General Dynamics Corporation (NYSE:GD) or 1,354 shares. Bancshares Of Montreal Can reported 0.28% of its portfolio in General Dynamics Corporation (NYSE:GD). Atlantic Gru Ltd Liability holds 0.03% or 26,658 shares. Ridgeworth Cap Mngmt Limited Liability reported 0% stake. Neuberger Berman Group Incorporated Ltd Liability has invested 0.42% of its portfolio in General Dynamics Corporation (NYSE:GD). White Pine Cap Ltd Liability Company holds 0.22% or 3,060 shares. Moreover, Retail Bank Of Hawaii has 0.11% invested in General Dynamics Corporation (NYSE:GD) for 6,755 shares. Investors holds 0.33% of its portfolio in General Dynamics Corporation (NYSE:GD) for 1.34M shares. South State Corporation reported 0.07% in General Dynamics Corporation (NYSE:GD). Meristem Llp accumulated 1,160 shares. Smithfield Trust has invested 0.01% in General Dynamics Corporation (NYSE:GD). Sit Investment Associates accumulated 53 shares. Marshwinds Advisory Com invested in 1.19% or 14,525 shares. 795,102 are held by Allianz Asset Mngmt Ag. Lord Abbett And Co Limited Liability Co owns 0.49% invested in General Dynamics Corporation (NYSE:GD) for 940,409 shares.

Since January 31, 2017, it had 0 insider purchases, and 8 insider sales for $33.86 million activity. On Tuesday, May 30 Marzilli Christopher sold $8.84M worth of General Dynamics Corporation (NYSE:GD) or 43,890 shares. Another trade for 46,722 shares valued at $8.98 million was made by CASEY JOHN PATRICK on Wednesday, March 1. Burns Mark Lagrand also sold $3.58M worth of General Dynamics Corporation (NYSE:GD) on Wednesday, March 29. 5,219 shares were sold by Johnson S. Daniel, worth $988,019. FRICKS WILLIAM P had sold 10,146 shares worth $1.94 million. Shares for $1.85M were sold by Barra Mary T.

Wall Street await General Dynamics Corporation (NYSE:GD) to release earnings on July, 26. Analysts forecast EPS of $2.43, down exactly $0.01 or 0.41 % from 2014’s $2.44 EPS. The expected GD’s profit could reach $734.36M giving the stock 20.66 P/E in the case that $2.43 earnings per share is reported. After posting $2.48 EPS for the previous quarter, General Dynamics Corporation’s analysts now forecast -2.02 % negative EPS growth. About 1.15M shares traded or 11.65% up from the average. General Dynamics Corporation (NYSE:GD) has risen 36.41% since July 18, 2016 and is uptrending. It has outperformed by 19.71% the S&P500.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

Among 16 analysts covering General Dynamics Corporation (NYSE:GD), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. General Dynamics Corporation had 39 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, July 7 by RBC Capital Markets. The firm has “Neutral” rating by Citigroup given on Wednesday, March 1. As per Thursday, October 29, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Drexel Hamilton to “Buy” on Monday, December 21. Zacks upgraded it to “Hold” rating and $162 target in Monday, August 31 report. Zacks downgraded the shares of GD in report on Tuesday, August 25 to “Buy” rating. Citigroup maintained it with “Buy” rating and $185 target in Wednesday, September 7 report. Goldman Sachs maintained General Dynamics Corporation (NYSE:GD) on Monday, May 2 with “Neutral” rating. The firm earned “Outperform” rating on Thursday, January 12 by RBC Capital Markets. As per Wednesday, May 10, the company rating was downgraded by Bernstein.

General Dynamics Corporation is a global aerospace and defense company. The company has market cap of $60.68 billion. The Firm offers a portfolio of services and products in business aviation; combat vehicles, weapons systems and munitions; information technology services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair. It has a 19.97 P/E ratio. It operates through four business groups: Aerospace, Combat Systems, Information Systems and Technology, and Marine Systems.

More recent General Dynamics Corporation (NYSE:GD) news were published by: Fool.com which released: “Better Buy: General Dynamics Corporation vs. Raytheon” on June 21, 2017. Also Nasdaq.com published the news titled: “General Dynamics Corporation (GD) Ex-Dividend Date Scheduled for July 05, 2017” on July 03, 2017. Seekingalpha.com‘s news article titled: “Time To Take Profits In General Dynamics” with publication date: July 17, 2017 was also an interesting one.

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