United Technologies (UTX) Valuation Rose While Hamel Associates Has Cut Its Holding; General Dynamics (GD) Holder London Co Of Virginia Cut Stake by $17.35 Million

January 23, 2018 - By Migdalia James

London Co Of Virginia decreased its stake in General Dynamics Corp (GD) by 3.32% based on its latest 2017Q3 regulatory filing with the SEC. London Co Of Virginia sold 84,646 shares as the company’s stock rose 3.60% with the market. The institutional investor held 2.47M shares of the marine transportation company at the end of 2017Q3, valued at $506.96 million, down from 2.55 million at the end of the previous reported quarter. London Co Of Virginia who had been investing in General Dynamics Corp for a number of months, seems to be less bullish one the $62.17 billion market cap company. The stock decreased 0.43% or $0.9 during the last trading session, reaching $208.2. About 1.89 million shares traded or 55.85% up from the average. General Dynamics Corporation (NYSE:GD) has risen 36.41% since January 23, 2017 and is uptrending. It has outperformed by 19.71% the S&P500.

Hamel Associates Inc decreased its stake in United Technologies Corp (UTX) by 11.85% based on its latest 2017Q3 regulatory filing with the SEC. Hamel Associates Inc sold 5,270 shares as the company’s stock rose 8.03% with the market. The institutional investor held 39,187 shares of the aerospace company at the end of 2017Q3, valued at $4.55M, down from 44,457 at the end of the previous reported quarter. Hamel Associates Inc who had been investing in United Technologies Corp for a number of months, seems to be less bullish one the $107.98B market cap company. The stock decreased 0.51% or $0.69 during the last trading session, reaching $135.21. About 4.10 million shares traded or 25.92% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since January 23, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. United Technologies Corporation had 72 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, October 6 by Numis Securities. The stock has “Neutral” rating by Atlantic Securities on Wednesday, July 22. The company was downgraded on Monday, August 24 by Jefferies. Goldman Sachs downgraded United Technologies Corporation (NYSE:UTX) on Monday, May 2 to “Neutral” rating. On Wednesday, July 22 the stock rating was downgraded by Deutsche Bank to “Hold”. HSBC initiated the stock with “Hold” rating in Monday, June 12 report. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) rating on Friday, September 15. RBC Capital Markets has “Hold” rating and $125.0 target. The rating was maintained by Argus Research with “Buy” on Wednesday, July 22. As per Thursday, January 26, the company rating was downgraded by Argus Research. RBC Capital Markets maintained the shares of UTX in report on Sunday, October 8 with “Hold” rating.

Since December 13, 2017, it had 0 insider buys, and 3 selling transactions for $734,561 activity. Bailey Robert J. sold $108,873 worth of United Technologies Corporation (NYSE:UTX) on Friday, December 15.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 24. They expect $1.56 EPS, 0.00% or $0.00 from last year’s $1.56 per share. UTX’s profit will be $1.25 billion for 21.67 P/E if the $1.56 EPS becomes a reality. After $1.73 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -9.83% negative EPS growth.

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.10, from 0.95 in 2017Q2. It is positive, as 63 investors sold UTX shares while 503 reduced holdings. 111 funds opened positions while 484 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. Artisan Partners Limited Partnership reported 0.5% stake. King Luther Capital Management holds 118,218 shares or 0.12% of its portfolio. Asset Advsrs has invested 1.37% of its portfolio in United Technologies Corporation (NYSE:UTX). The New York-based Nbt Fincl Bank N A Ny has invested 1.48% in United Technologies Corporation (NYSE:UTX). 1,214 were accumulated by Shine Advisory Svcs. 554,545 are owned by Bridgeway Cap Mgmt. Moreover, Hanson And Doremus has 0.06% invested in United Technologies Corporation (NYSE:UTX). Livingston Group Incorporated Asset Management (Operating As Southport Capital Management) has 0.22% invested in United Technologies Corporation (NYSE:UTX). Aull & Monroe Inv Corporation invested 1.33% of its portfolio in United Technologies Corporation (NYSE:UTX). Strategic Advsrs Limited Com invested in 0.22% or 4,385 shares. The Connecticut-based Mark Sheptoff Fin Planning Limited Liability Company has invested 0.5% in United Technologies Corporation (NYSE:UTX). Endurance Wealth Mngmt stated it has 0.29% of its portfolio in United Technologies Corporation (NYSE:UTX). Fagan Assoc invested 1.7% of its portfolio in United Technologies Corporation (NYSE:UTX). Ls Investment Limited Liability Corp reported 148,132 shares. Natl Mutual Federation Of Agricultural Cooperatives reported 0.04% in United Technologies Corporation (NYSE:UTX).

Among 20 analysts covering General Dynamics Corporation (NYSE:GD), 12 have Buy rating, 2 Sell and 6 Hold. Therefore 60% are positive. General Dynamics Corporation had 62 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Thursday, January 12. The stock has “Hold” rating by Stifel Nicolaus on Monday, January 8. Goldman Sachs maintained General Dynamics Corporation (NYSE:GD) on Monday, May 2 with “Neutral” rating. The firm has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets. The firm earned “Outperform” rating on Thursday, October 26 by Credit Suisse. The stock of General Dynamics Corporation (NYSE:GD) has “Outperform” rating given on Thursday, January 28 by RBC Capital Markets. Cowen & Co maintained General Dynamics Corporation (NYSE:GD) rating on Monday, July 17. Cowen & Co has “Buy” rating and $21000 target. The stock of General Dynamics Corporation (NYSE:GD) has “Buy” rating given on Friday, August 11 by RBC Capital Markets. The company was downgraded on Wednesday, March 1 by Citigroup. The firm has “Buy” rating by RBC Capital Markets given on Sunday, October 8.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on January, 26. They expect $2.38 EPS, down 9.16% or $0.24 from last year’s $2.62 per share. GD’s profit will be $710.63M for 21.87 P/E if the $2.38 EPS becomes a reality. After $2.52 actual EPS reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -5.56% negative EPS growth.

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