Arvest Trust Company Trimmed General Dynamics (GD) Stake By $428,560; Gates Industrial Plc Ordinary Shares (GTES) SI Increased By 10.63%

June 14, 2018 - By Peter Kolinski

General Dynamics Corporation (NYSE:GD) Logo

Gates Industrial Corporation Plc Ordinary Shares (NYSE:GTES) had an increase of 10.63% in short interest. GTES’s SI was 2.73 million shares in June as released by FINRA. Its up 10.63% from 2.46M shares previously. With 875,700 avg volume, 3 days are for Gates Industrial Corporation Plc Ordinary Shares (NYSE:GTES)’s short sellers to cover GTES’s short positions. The stock increased 1.47% or $0.23 during the last trading session, reaching $15.88. About 366,236 shares traded. Gates Industrial Corporation plc (NYSE:GTES) has 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500. Some Historical GTES News: ; 13/03/2018 – GATES INDUSTRIAL CORPORATION PLC GTES.N SEES FY 2018 REVENUE UP 7.5 TO 10.5 PCT; 20/04/2018 – DJ Gates Industrial Corporation plc, Inst Holders, 1Q 2018 (GTES); 13/03/2018 – GATES INDUSTRIAL CORPORATION PLC- QTRLY DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS $0.47; 13/03/2018 – GATES INDUSTRIAL CORPORATION PLC – FOURTH-QUARTER SALES OF $781.8 MLN, A 17.1% INCREASE OVER PRIOR-YEAR QUARTER; 13/03/2018 – Gates Industrial Full Fourth-Quarter and Full-Year 2017 Results Posted on investors.gates.com; 13/03/2018 – Gates Industrial 4Q EPS 46c; 13/03/2018 – GATES INDUSTRIAL SEES FY ADJ EBITDA $735M-$755M; 16/04/2018 – Gates Industrial to Release First-Quarter 2018 Earnings on Wednesday, May 2, 2018; 02/05/2018 – Gates Industrial FY Total Rev Growth Is Now Expected to Be in the Range of 8.0% to 11.0%,; 23/05/2018 – Gates Industrial Presenting at KeyCorp Conference May 31

Arvest Trust Company decreased General Dynamics Corp (GD) stake by 1.47% reported in 2018Q1 SEC filing. Arvest Trust Company sold 1,948 shares as General Dynamics Corp (GD)’s stock declined 8.23%. The Arvest Trust Company holds 130,347 shares with $28.79 million value, down from 132,295 last quarter. General Dynamics Corp now has $58.17B valuation. The stock decreased 2.00% or $4 during the last trading session, reaching $195.82. About 2.38M shares traded or 52.64% up from the average. General Dynamics Corporation (NYSE:GD) has risen 3.50% since June 14, 2017 and is uptrending. It has underperformed by 9.07% the S&P500. Some Historical GD News: ; 12/03/2018 – General Dynamics wins $696 million U.S. defense contract -Pentagon; 20/03/2018 – GENERAL DYNAMICS, CSRA AMEND OFFER PRICE TO $41.25 FROM $40.75; 21/03/2018 – SAUDI CROWN PRINCE MET W/BOEING, RAYTHEON, LMT, GENERALDYNAMICS; 28/03/2018 – General Dynamics Closes Below 50-Day Moving Average: Technicals; 29/05/2018 – Gulfstream G650ER Completes Record-Breaking Polar Flight; 25/04/2018 – GENERAL DYNAMICS SAYS AEROSPACE SALES LAGGED ON SHIPMENT TIMING; 25/04/2018 – General Dynamics’ focus on IT pays off; 24/04/2018 – GULFSTREAM AEROSPACE -TO INVEST ABOUT $55 MLN TO BUILD MAINTENANCE, REPAIR & OVERHAUL FACILITY ON EAST SIDE OF AIRPORT; 02/05/2018 – General Dynamics Unit Jet Aviation Completes Acquisition of Hawker Pacific; 23/05/2018 – General Dynamics Chairman and CEO Novakovic to Speak at Bernstein’s 34th Annual Strategic Decisions Conference

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 had 79 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, January 8 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, January 25 by Robert W. Baird. The firm earned “Outperform” rating on Wednesday, August 10 by Bernstein. As per Thursday, January 25, the company rating was maintained by Bernstein. The company was maintained on Thursday, January 25 by Citigroup. The firm earned “Market Perform” rating on Wednesday, February 24 by Bernstein. The stock has “Buy” rating by Argus Research on Tuesday, August 2. RBC Capital Markets maintained it with “Buy” rating and $26300 target in Friday, April 6 report. The rating was maintained by RBC Capital Markets on Sunday, October 8 with “Buy”. Jefferies maintained General Dynamics Corporation (NYSE:GD) on Friday, August 11 with “Buy” rating.

More news for General Dynamics Corporation (NYSE:GD) were recently published by: Seekingalpha.com, which released: “General Dynamics: Adequate Growth Potential” on May 23, 2018. Fool.com‘s article titled: “Is General Dynamics Corporation (GD) a Buy?” and published on June 01, 2018 is yet another important article.

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.19, from 1.07 in 2017Q4. It dived, 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. 431,646 are owned by California State Teachers Retirement Systems. Ubs Asset Mngmt Americas Incorporated has 0% invested in General Dynamics Corporation (NYSE:GD). Private Ocean Ltd Limited Liability Company has 0% invested in General Dynamics Corporation (NYSE:GD). Smithfield Trust invested in 0.01% or 330 shares. Skylands Capital Limited Co accumulated 0.34% or 11,750 shares. 106,118 are owned by Bb&T Ltd Llc. Exane Derivatives holds 0% or 1,769 shares in its portfolio. North Star Inv Mgmt Corporation holds 0.09% of its portfolio in General Dynamics Corporation (NYSE:GD) for 3,367 shares. Renaissance Technology Ltd Liability accumulated 510,700 shares. Polaris Greystone Financial Group Limited Co accumulated 103,021 shares. Transamerica Financial Advsrs reported 5 shares or 0% of all its holdings. Regentatlantic Llc holds 14,539 shares or 0.27% of its portfolio. Shelton Management has 0.03% invested in General Dynamics Corporation (NYSE:GD). Field Main Natl Bank invested in 1,450 shares or 0.31% of the stock. Fisher Asset Limited owns 14,412 shares.

Arvest Trust Company increased Cisco Sys Inc (NASDAQ:CSCO) stake by 175,238 shares to 371,619 valued at $15.94M in 2018Q1. It also upped First Tr Exchange Traded Fd (EMLP) stake by 20,534 shares and now owns 127,748 shares. Hess Corp (NYSE:HES) was raised too.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on July, 25. They expect $2.56 EPS, up 4.49% or $0.11 from last year’s $2.45 per share. GD’s profit will be $760.40 million for 19.12 P/E if the $2.56 EPS becomes a reality. After $2.65 actual EPS reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -3.40% negative EPS growth.

Since February 14, 2018, it had 0 insider buys, and 8 insider sales for $8.28 million activity. CASEY JOHN PATRICK also sold $931,045 worth of General Dynamics Corporation (NYSE:GD) on Thursday, March 8. $1.15M worth of General Dynamics Corporation (NYSE:GD) was sold by LYLES LESTER L on Friday, February 23. Another trade for 3,522 shares valued at $754,828 was sold by Johnson S. Daniel. Whited Gary L had sold 5,977 shares worth $1.34 million on Tuesday, March 6. Another trade for 3,585 shares valued at $814,050 was sold by Roualet Mark C.. KEANE JOHN M also sold $389,574 worth of General Dynamics Corporation (NYSE:GD) on Wednesday, February 14.

Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. The company has market cap of $4.60 billion. The Company’s power transmission products include synchronous belts, V-belts, CVT belts, or micro-V belts, as well as related components, including sprockets, pulleys, water pumps, tensioners, or other accessories. It has a 26.33 P/E ratio. The company's power transmission product applications comprise stationary drives, mobile drives, engine systems, personal mobility products, and vertical lifts.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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