Vaughan David Investments INC Stake in General Dynamics Corp (GD) Decreased by $46.71 Million; Shares Rose

May 16, 2018 - By Jack Shaw

General Dynamics Corporation (NYSE:GD) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 1.07. That’s change of 0.01, from 2017Q3’s 1.08. 43 investors sold all, 328 reduced holdings as GD ratio fall. 290 rose holdings while 108 funds took holdings. Funds hold 229.66 million shares thus 10.22% less from 2017Q3’s 255.81 million shares. Weybosset Management Limited owns 39,827 shs for 4.93% of their capital. Lodge Hill Capital Lc invested 2.88% of its capital in General Dynamics Corporation (NYSE:GD). Amica Mutual Ins Co holds 23,760 shs or 0.48% of its capital. First Midwest Bank Trust Division accumulated 2,580 shs. Veritable LP has 0.04% invested in General Dynamics Corporation (NYSE:GD). Parkside Comml Bank And reported 1,269 shs or 0.09% of all its holdings. Pathstone Family Office Limited Company invested in 0.01% or 112 shs. British Columbia Invest Mgmt reported 0.13% stake. Fayez Sarofim stated it has 5,745 shs. 18,757 are owned by Legacy Capital. Amer International Grp owns 105,735 shs for 0.07% of their capital. D E Shaw & owns 2,986 shs. South Dakota Investment Council invested in 0.08% or 18,000 shs. Cap Advisors Limited Ltd invested in 0% or 34 shs. Pitcairn Co has invested 0.15% in General Dynamics Corporation (NYSE:GD).

GD had 8 selling transactions and 0 insider buys since February 14, 2018. This’s net activity of $8.28 million. The insider Johnson S. Daniel sold $754,828. On Tuesday, March 6 a trade for 5,977 shs valued at $1.34 million was made by Whited Gary L. CASEY JOHN PATRICK also sold $2.00 million worth of General Dynamics Corporation (NYSE:GD) on Wednesday, February 14. The insider LYLES LESTER L sold 5,210 shs worth $1.15 million. 1,800 shs valued at $389,574 were sold by KEANE JOHN M on Wednesday, February 14.

According to 2017Q4 Securities and Exchange filling the Vaughan David Investments Inc reduced its holdings in General Dynamics Corp (GD) by 60.46%. 230,100 shares were sold by Vaughan David Investments Inc as the company’s stock rose 9.09% while stock markets declined. At the end of 2017Q4, the institutional investor held 150,506 shares of the marine transportation company, priced at $30.62M, down from 380,606 at the end of the previous reported quarter. $59.67B is General Dynamics Corp’s market cap. The stock decreased 0.38% or $0.76 during the last trading session, reaching $200.89.General Dynamics Corporation has volume of 586,594 shares. Since May 16, 2017 GD has risen 19.18% and is uptrending. GD outperformed by 7.63% the S&P 500.

Vaughan David Investments Inc manages about $1.81B and $2.16B US Long portfolio. According to a filing the fund upped its stake in Rli Corp (NYSE:RLI) by 175,075 shares to 526,164 shares, valued at $31.92M in 2017Q4. For a total of 246,143 shares it increased its holding in Pepsico Inc (NYSE:PEP) by 37,227 shares in the quarter, and has risen its stake in Vectren Corporation (NYSE:VVC).

General Dynamics Corporation (NYSE:GD)’s earnings release is expected by WallStreet on July, 25, RTT reports. This year’s EPS analyst estimate is expected to be $2.56. That is 4.49 % up compareed to $2.45 EPS for last year. The profit will be $760.40 million for GD if $2.56 EPS becomes true. Wall Street predicts -3.40 % negative EPS growth as of July, 25.

For more General Dynamics Corporation (NYSE:GD) news brought out recently go to: Investorplace.com, Streetinsider.com, Investorplace.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “The Fight for AI Dominance Could Make or Break Alphabet Inc Stock” brought out on May 16, 2018, “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018, “Trade of the Day: Two Trade Ideas in General Dynamics Corporation” with a publish date: May 11, 2018, “Jet Aviation completes acquisition of Hawker Pacific” and the last “General Dynamics: Considerable Underappreciation For The Business” with publication date: April 25, 2018.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

Total analysts of 12 have positions in General Dynamics Corp (NYSE:GD) as follows: 7 rated it a “Buy”, 2 with “Sell” and 3 with “Hold”. The positive are 58%. Since December 12, 2017 according to StockzIntelligence Inc General Dynamics Corp has 19 analyst reports. In Friday, April 6 report RBC Capital Markets maintained the stock with “Buy” rating. On Thursday, April 26 the rating was maintained by Stifel Nicolaus with “Hold”. On Thursday, April 26 the rating was maintained by Credit Suisse with “Outperform”. On Thursday, April 12 the firm has “Underweight” rating by Morgan Stanley given. The stock rating was maintained by Robert W. Baird with “Buy” on Thursday, January 25. On Tuesday, February 13 Credit Suisse maintained General Dynamics Corporation (NYSE:GD) with “Outperform” rating. The stock rating was maintained by Citigroup with “Neutral” on Thursday, January 25. On Thursday, January 25 the firm has “Outperform” rating given by Wells Fargo. On Thursday, January 25 the stock of General Dynamics Corporation (NYSE:GD) has “Hold” rating given by Bernstein. In Wednesday, February 14 report Robert W. Baird maintained it with “Buy” rating and $272.0 target.

General Dynamics Corporation (NYSE:GD) Institutional Investors Chart

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