General Dynamics Corp (GD) Holder Tide Point Capital Management LP Has Lowered Position by $19.39 Million

June 13, 2018 - By Betty Noble

General Dynamics Corporation (NYSE:GD) LogoInvestors sentiment decreased to 0.88 in 2018 Q1. 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. Autus Asset Management Ltd holds 1.08% of its portfolio in General Dynamics Corporation (NYSE:GD) for 27,005 shares. Barclays Public Ltd Company reported 0.07% of its portfolio in General Dynamics Corporation (NYSE:GD). Canal Communications has invested 1.55% in General Dynamics Corporation (NYSE:GD). 15,762 were accumulated by Gateway Investment Advisers Ltd Co. Moreover, Assetmark has 0% invested in General Dynamics Corporation (NYSE:GD) for 101 shares. Cambridge Inv Research has 0.07% invested in General Dynamics Corporation (NYSE:GD) for 28,251 shares. X Mgmt Limited Liability has invested 0.01% of its portfolio in General Dynamics Corporation (NYSE:GD). California-based Sfe Counsel has invested 0.11% in General Dynamics Corporation (NYSE:GD). Boston Prtnrs has 0.38% invested in General Dynamics Corporation (NYSE:GD) for 1.43 million shares. Kistler holds 0.04% in General Dynamics Corporation (NYSE:GD) or 425 shares. Pictet Asset Ltd reported 0.04% stake. Pnc Financial Gp has 876,437 shares for 0.19% of their portfolio. Linscomb Williams invested 0.03% of its portfolio in General Dynamics Corporation (NYSE:GD). Chevy Chase Trust Holding has 0.23% invested in General Dynamics Corporation (NYSE:GD) for 235,683 shares. Iridian Asset Limited Liability Ct reported 1.30M shares stake.

Since February 14, 2018, it had 0 insider purchases, and 8 sales for $8.28 million activity. CASEY JOHN PATRICK had sold 4,133 shares worth $931,045 on Thursday, March 8. The insider Whited Gary L sold 5,977 shares worth $1.34M. 3,585 shares were sold by Roualet Mark C., worth $814,050 on Tuesday, February 27. LYLES LESTER L also sold $1.15 million worth of General Dynamics Corporation (NYSE:GD) on Friday, February 23. Shares for $389,574 were sold by KEANE JOHN M on Wednesday, February 14.

Christopher A. Winham decreased its stake in General Dynamics Corp (GD) by 28.88% based on its latest 2018Q1 regulatory filing with the SEC. Tide Point Capital Management Lp sold 88,131 shares as the company’s stock declined 8.23% with the market. The hedge fund run by Christopher A. Winham held 217,073 shares of the marine transportation company at the end of 2018Q1, valued at $47.95M, down from 305,204 at the end of the previous reported quarter. Tide Point Capital Management Lp who had been investing in General Dynamics Corp for a number of months, seems to be less bullish one the $59.31 billion market cap company. The stock increased 0.59% or $1.18 during the last trading session, reaching $199.68. About 318,210 shares traded. General Dynamics Corporation (NYSE:GD) has risen 3.50% since June 13, 2017 and is uptrending. It has underperformed by 9.07% the S&P500.

Tide Point Capital Management Lp, which manages about $378.20 million and $1.31 billion US Long portfolio, upped its stake in Deere & Co (NYSE:DE) by 78,702 shares to 463,591 shares, valued at $72.01 million in 2018Q1, according to the filing. It also increased its holding in Occidental Pete Corp Del (NYSE:OXY) by 134,538 shares in the quarter, for a total of 1.26M shares, and has risen its stake in Rio Tinto Plc (NYSE:RIO).

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on July, 25. They expect $2.56 earnings per share, up 4.49 % or $0.11 from last year’s $2.45 per share. GD’s profit will be $760.41 million for 19.50 P/E if the $2.56 EPS becomes a reality. After $2.65 actual earnings per share reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -3.40 % negative EPS growth.

More important recent General Dynamics Corporation (NYSE:GD) news were published by: Fool.com which released: “Is General Dynamics Corporation (GD) a Buy?” on June 01, 2018, also Seekingalpha.com published article titled: “General Dynamics: Adequate Growth Potential”, Fool.com published: “Better Buy: Huntington Ingalls Industries, Inc. (HII) vs. General Dynamics (GD)” on May 18, 2018. More interesting news about General Dynamics Corporation (NYSE:GD) was released by: Prnewswire.com and their article: “General Dynamics Satellite Simulator Trains Space Mission Operators from Across the US Department of Defense” with publication date: June 12, 2018.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

Among 11 analysts covering General Dynamics Corp (NYSE:GD), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. General Dynamics Corp had 19 analyst reports since January 8, 2018 according to SRatingsIntel. Jefferies maintained General Dynamics Corporation (NYSE:GD) rating on Monday, January 8. Jefferies has “Buy” rating and $237.0 target. RBC Capital Markets maintained General Dynamics Corporation (NYSE:GD) on Tuesday, January 23 with “Buy” rating. The rating was maintained by RBC Capital Markets on Friday, April 6 with “Buy”. Robert W. Baird maintained it with “Buy” rating and $253.0 target in Thursday, January 25 report. Wells Fargo maintained it with “Buy” rating and $240.0 target in Tuesday, February 13 report. The rating was maintained by Bernstein with “Hold” on Thursday, January 25. The stock of General Dynamics Corporation (NYSE:GD) has “Hold” rating given on Monday, January 8 by Stifel Nicolaus. On Tuesday, February 13 the stock rating was maintained by Credit Suisse with “Outperform”. The firm earned “Neutral” rating on Thursday, January 25 by Citigroup. As per Wednesday, February 14, the company rating was maintained by Robert W. Baird.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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