First Eagle Investment Management Has Lowered General Dynamics (GD) Holding By $19.68 Million; Innospec (IOSP) Shorts Raised By 8.07%

December 14, 2017 - By Adrian Erickson

First Eagle Investment Management Llc decreased General Dynamics Corp (GD) stake by 14.97% reported in 2017Q2 SEC filing. First Eagle Investment Management Llc sold 99,400 shares as General Dynamics Corp (GD)’s stock rose 3.60%. The First Eagle Investment Management Llc holds 564,690 shares with $111.87 million value, down from 664,090 last quarter. General Dynamics Corp now has $58.71B valuation. The stock increased 0.23% or $0.45 during the last trading session, reaching $196.63. About 1.42M shares traded or 33.99% up from the average. General Dynamics Corporation (NYSE:GD) has risen 36.41% since December 14, 2016 and is uptrending. It has outperformed by 19.71% the S&P500.

Innospec Incorporated (NASDAQ:IOSP) had an increase of 8.07% in short interest. IOSP’s SI was 263,800 shares in December as released by FINRA. Its up 8.07% from 244,100 shares previously. With 86,700 avg volume, 3 days are for Innospec Incorporated (NASDAQ:IOSP)’s short sellers to cover IOSP’s short positions. The SI to Innospec Incorporated’s float is 1.11%. The stock decreased 0.87% or $0.6 during the last trading session, reaching $68.35. About 64,346 shares traded. Innospec Inc. (NASDAQ:IOSP) has risen 30.88% since December 14, 2016 and is uptrending. It has outperformed by 14.18% the S&P500.

Investors sentiment increased to 1.08 in 2017 Q2. Its up 0.17, from 0.91 in 2017Q1. It increased, as 42 investors sold GD shares while 358 reduced holdings. 88 funds opened positions while 275 raised stakes. 256.53 million shares or 1.25% less from 259.78 million shares in 2017Q1 were reported. Koch Indus holds 0.12% or 439,613 shares. Ahl Ltd Liability Partnership holds 0.1% or 23,790 shares in its portfolio. Camarda Financial Limited Liability Co owns 8,980 shares for 1.9% of their portfolio. Kames Plc reported 8,569 shares or 0% of all its holdings. Fort Washington Invest Advsr Incorporated Oh holds 0.02% of its portfolio in General Dynamics Corporation (NYSE:GD) for 5,054 shares. Miller Lp owns 1,554 shares. Rosenbaum Jay D owns 2,750 shares for 1.08% of their portfolio. Korea Invest Corporation, Korea-based fund reported 266,203 shares. Jfs Wealth Advisors Limited Liability Company has 0.12% invested in General Dynamics Corporation (NYSE:GD) for 2,250 shares. Tide Point Capital Mngmt Lp reported 2.74% stake. Exxonmobil Mgmt Inc Tx has invested 0.27% in General Dynamics Corporation (NYSE:GD). Amica Mutual Insurance Communication has invested 0.4% in General Dynamics Corporation (NYSE:GD). Stephens Inc Ar has invested 0.04% in General Dynamics Corporation (NYSE:GD). 96 were reported by Alphamark Advsrs Lc. Sumitomo Mitsui Asset Communications Ltd has 0.07% invested in General Dynamics Corporation (NYSE:GD) for 20,567 shares.

First Eagle Investment Management Llc increased Intl Paper Co (NYSE:IP) stake by 1.16 million shares to 2.16M valued at $122.45M in 2017Q2. It also upped Versum Matls Inc stake by 442,313 shares and now owns 758,315 shares. Block H & R Inc (NYSE:HRB) was raised too.

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 60 analyst reports since July 31, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Buy” rating and $22000 target in Friday, August 11 report. The stock has “Buy” rating by Robert W. Baird on Monday, October 23. The rating was upgraded by Bernstein to “Outperform” on Wednesday, August 10. Barclays Capital upgraded it to “Overweight” rating and $157 target in Monday, November 30 report. The stock has “Buy” rating by RBC Capital Markets on Wednesday, November 15. RBC Capital Markets maintained the stock with “Buy” rating in Friday, June 2 report. Goldman Sachs maintained it with “Neutral” rating and $147 target in Monday, May 2 report. The company was maintained on Monday, November 13 by Morgan Stanley. Citigroup maintained General Dynamics Corporation (NYSE:GD) rating on Wednesday, September 7. Citigroup has “Buy” rating and $185 target. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, December 16 report.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on January, 26. They expect $2.40 EPS, down 8.40% or $0.22 from last year’s $2.62 per share. GD’s profit will be $716.59 million for 20.48 P/E if the $2.40 EPS becomes a reality. After $2.52 actual EPS reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -4.76% negative EPS growth.

Innospec Inc. develops, manufactures, blends, markets, and supplies fuel additives, oilfield chemicals, personal care products, and other specialty chemicals to gas and oil exploration and production, oil refinery, fuel users, personal care formulation, home care, agrochemical and mining formulation, and other chemical and industrial companies worldwide. The company has market cap of $1.65 billion. It operates through four divisions: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives. It has a 18.88 P/E ratio. The Fuel Specialties segment offers a range of specialty chemical products used as additives in various fuels.

Among 4 analysts covering Innospec (NASDAQ:IOSP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Innospec had 8 analyst reports since October 12, 2015 according to SRatingsIntel. As per Tuesday, November 14, the company rating was upgraded by Johnson Rice. The rating was downgraded by Monness Crespi & Hardt on Monday, October 12 to “Neutral”. The stock of Innospec Inc. (NASDAQ:IOSP) has “Overweight” rating given on Tuesday, April 5 by KeyBanc Capital Markets. The stock has “Buy” rating by Monness Crespi & Hardt on Tuesday, August 22. The firm has “Neutral” rating given on Monday, December 19 by Monness Crespi. The rating was downgraded by Monness Crespi & Hardt to “Neutral” on Thursday, November 9. Monness Crespi maintained Innospec Inc. (NASDAQ:IOSP) on Friday, November 4 with “Buy” rating. On Thursday, November 9 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”.

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