General Dynamics Corporation (GD) : London Co Of Virginia scooped up 193,465 additional shares in General Dynamics Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,222,268 shares of General Dynamics Corporation which is valued at $320.8 Million.General Dynamics Corporation makes up approximately 2.64% of London Co Of Virginia’s portfolio.
Other Hedge Funds, Including , Dekabank Deutsche Girozentrale sold out all of its stake in GD during the most recent quarter. The investment firm sold 4,000 shares of GD which is valued $577,480.Raymond James Associates reduced its stake in GD by selling 27,515 shares or 13.97% in the most recent quarter. The Hedge Fund company now holds 169,447 shares of GD which is valued at $24.5 Million. General Dynamics Corporation makes up approx 0.08% of Raymond James Associates’s portfolio.Mufg Americas Holdings Corp reduced its stake in GD by selling 8,993 shares or 21.42% in the most recent quarter. The Hedge Fund company now holds 32,992 shares of GD which is valued at $4.8 Million. General Dynamics Corporation makes up approx 0.17% of Mufg Americas Holdings Corp’s portfolio.Hillsdale Investment Management reduced its stake in GD by selling 605 shares or 19.61% in the most recent quarter. The Hedge Fund company now holds 2,480 shares of GD which is valued at $358,038. General Dynamics Corporation makes up approx 0.12% of Hillsdale Investment Management’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in GD by selling 14,800 shares or 4.11% in the most recent quarter. The Hedge Fund company now holds 345,681 shares of GD which is valued at $49.6 Million. General Dynamics Corporation makes up approx 0.19% of State Board Of Administration Of Florida Retirement System’s portfolio.
General Dynamics Corporation opened for trading at $143.45 and hit $143.56 on the upside on Wednesday, eventually ending the session at $142.97, with a gain of 0.01% or 0.01 points. The heightened volatility saw the trading volume jump to 13,49,529 shares. Company has a market cap of $43,698 M.
On the company’s financial health, General Dynamics Corporation reported $2.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $2.16. The company had revenue of $7724.00 million for the quarter, compared to analysts expectations of $7680.97 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.14 EPS.
Many Wall Street Analysts have commented on General Dynamics Corporation. Company shares were Reiterated by Barclays on May 2, 2016 to “Overweight”, Firm has raised the Price Target to $ 161 from a previous price target of $157 .Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 168 from a previous price target of $166 .General Dynamics Corporation was Initiated by Guggenheim to “Buy” on Apr 5, 2016.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles weapons systems and munitions; communications and information technology systems and solutions and military and commercial shipbuilding. The Company operates through four business groups: Aerospace Combat Systems Information Systems and Technology and Marine Systems. Aerospace group designs manufactures and outfits a family of Gulfstream business-jet aircraft and provides aircraft services. Combat Systems group is engaged in systems engineering spanning design development manufacture and support of military vehicles weapons systems and munitions. Marine Systems group designs builds and supports submarines and surface ships. Information Systems and Technology group provides technologies products and services that support a range of military federal/civilian and commercial information-systems requirements.