General Dynamics Corp: Newport Trust Co Makes Purchase

February 14, 2018 - By Kurt Siggers

 General Dynamics Corp: Newport Trust Co Makes Purchase

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.17, from 0.91 in 2017Q2. It improved, as 52 investors sold General Dynamics Corporation shares while 313 reduced holdings. 89 funds opened positions while 304 raised stakes. 255.81 million shares or 0.28% less from 256.53 million shares in 2017Q2 were reported.

Koch has 2,953 shares for 0.14% of their portfolio. 5 are owned by Transamerica Financial Advsrs Inc. California-based Doheny Asset Mngmt Ca has invested 0.19% in General Dynamics Corporation (NYSE:GD). Dowling & Yahnke Ltd Liability Co holds 11,620 shares or 0.24% of its portfolio. Hartford Invest Mgmt invested in 60,171 shares. Huntington Natl Bank has invested 0.08% in General Dynamics Corporation (NYSE:GD). Ontario Teachers Pension Plan Board, a Ontario – Canada-based fund reported 49,492 shares. Salem Counselors reported 8,917 shares stake. Principal Inc has invested 0.08% of its portfolio in General Dynamics Corporation (NYSE:GD). Hays Advisory Limited Liability holds 1.59% of its portfolio in General Dynamics Corporation (NYSE:GD) for 26,692 shares. Columbia Prns L L C Investment reported 7,098 shares. Savings Bank Of Stockton has 0.35% invested in General Dynamics Corporation (NYSE:GD) for 3,715 shares. Scotia Cap has invested 0.14% of its portfolio in General Dynamics Corporation (NYSE:GD). Us Bank De reported 0.14% of its portfolio in General Dynamics Corporation (NYSE:GD). Bb&T Secs Limited Company has 0.24% invested in General Dynamics Corporation (NYSE:GD) for 86,982 shares.

The New Newport Trust Co Holding in General Dynamics Corp

Newport Trust Co reported SC 13G form with the SEC for General Dynamics Corp. Access it here: 000117266118000505. As reported by Newport Trust Co, the filler owns 7.2% or 21,498,757 shares of the Industrials–company.

General Dynamics Corp stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Newport Trust Co’s positive view for General Dynamics Corp.

General Dynamics Corp Institutional Sentiment

Filings show 790 investors own General Dynamics Corp. The ownership in Q3 2015 is extremely high, at Infinity of the outstanding shares. This is increased by 3120787. 286804948 were owned by these investors. 70 funds opened new General Dynamics Corp stakes, 261 increased positions. There were 46 that closed positions and 327 reduced them.

17 investors had the stock in their top 10. Some are: Longview Asset Management Llc, London Co Of Virginia, Evercore Trust Company N.A., Tide Point Capital Management Lp, Weybosset Research & Management Llc, Iridian Asset Management Llc Ct, United Asset Strategies Inc., Capital City Trust Co Fl, Cibc Bank Usa, Quadrant Capital Management Llc..

Evercore Trust Company is an investor bullish on General Dynamics Corp, owning 24288333 shares as of Q3 2015 for 12.92% of its portfolio. Argus Investors Counsel Inc owns 37980 shares or 2.28% of its portfolio. CT Scoria Capital Partners Lp have 0.05% of its portfolio for 1400 shares. Further, Weybosset Research & Management Llc reported stake worth 6.29% of its portfolio. The IL Longview Asset Management Llc owns 33325881 shares. General Dynamics Corp is 98.30% of its portfolio.

Business Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair. It operates through four business groups: Aerospace, Combat Systems, Information Systems and Technology, and Marine Systems. Its Aerospace group offers aircraft design; cockpit and cabin systems, and product service and support. Its Combat Systems group offers combat vehicles, weapons systems and munitions. The Information Systems and Technology group provides technologies, products and services in support of various programs. The Marine Systems group is a designer and builder of nuclear-powered submarines, surface combatants and auxiliary and combat-logistics ships.

SEC Form 13G.

The stock increased 1.09% or $2.28 during the last trading session, reaching $211.81. About 2.56M shares traded or 71.51% up from the average. General Dynamics Corporation (NYSE:GD) has risen 36.41% since February 14, 2017 and is uptrending. It has outperformed by 19.71% the S&P500.

General Dynamics Corporation operates as an aerospace and defense firm worldwide. The company has market cap of $62.89 billion. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. It has a 22.16 P/E ratio. The Aerospace group designs, develops, makes, and outfits business-jet aircraft; provides aircraft services, such as maintenance, repair, aircraft management, charter, fixed-base operational, and staffing services; and performs aircraft completion services for other original equipment manufacturers.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

Among 22 analysts covering General Dynamics Corporation (NYSE:GD), 14 have Buy rating, 2 Sell and 6 Hold. Therefore 64% are positive. General Dynamics Corporation has $262 highest and $147 lowest target. $208.67’s average target is -1.48% below currents $211.81 stock price. General Dynamics Corporation had 71 analyst reports since July 31, 2015 according to SRatingsIntel. As per Thursday, March 24, the company rating was downgraded by Deutsche Bank. The stock has “Overweight” rating by Barclays Capital on Monday, May 2. Jefferies maintained General Dynamics Corporation (NYSE:GD) on Wednesday, October 25 with “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, January 28. As per Thursday, January 25, the company rating was maintained by Bank of America. Jefferies maintained the stock with “Buy” rating in Friday, October 13 report. The firm earned “Outperform” rating on Thursday, October 6 by Robert W. Baird. Bernstein downgraded General Dynamics Corporation (NYSE:GD) on Wednesday, May 10 to “Mkt Perform” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, April 27 report. The rating was downgraded by J.P. Morgan on Tuesday, December 12 to “Sell”.

More notable recent General Dynamics Corporation (NYSE:GD) news were published by: Cnbc.com which released: “General Dynamics to buy government IT contractor CSRA for $6.8 billion” on February 12, 2018, also Nasdaq.com with their article: “Mid-Morning Market Update: Markets Open Higher; General Dynamics To Buy CSRA …” published on February 12, 2018, Nasdaq.com published: “General Dynamics Corporation (GD) Ex-Dividend Date Scheduled for January 18, 2018” on January 17, 2018. More interesting news about General Dynamics Corporation (NYSE:GD) were released by: Fool.com and their article: “Is General Dynamics Corporation a Buy?” published on January 16, 2018 as well as Livetradingnews.com‘s news article titled: “General Dynamics Corporation (NYSE:GD) Advances 4.90% Pre-Market” with publication date: February 12, 2018.

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