General Dynamics Corporation (GD) : Meritage Portfolio Management reduced its stake in General Dynamics Corporation by 1.39% during the most recent quarter end. The investment management company now holds a total of 38,526 shares of General Dynamics Corporation which is valued at $5,312,735 after selling 545 shares in General Dynamics Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.General Dynamics Corporation makes up approximately 0.60% of Meritage Portfolio Management’s portfolio.
General Dynamics Corporation opened for trading at $139 and hit $144.15 on the upside on Wednesday, eventually ending the session at $143.61, with a gain of 3.53% or 4.9 points. The heightened volatility saw the trading volume jump to 28,88,131 shares. Company has a market cap of $44,686 M.
Other Hedge Funds, Including , Old Second National Bank Of Aurora added GD to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $27,580. General Dynamics Corporation makes up approx 0.01% of Old Second National Bank Of Aurora’s portfolio.Carroll Financial Associates boosted its stake in GD in the latest quarter, The investment management firm added 190 additional shares and now holds a total of 1,243 shares of General Dynamics Corporation which is valued at $171,410. General Dynamics Corporation makes up approx 0.03% of Carroll Financial Associates’s portfolio.Sanders Capital boosted its stake in GD in the latest quarter, The investment management firm added 47,773 additional shares and now holds a total of 1,819,542 shares of General Dynamics Corporation which is valued at $250,914,842. General Dynamics Corporation makes up approx 2.07% of Sanders Capital’s portfolio.Marshwinds Advisory Co reduced its stake in GD by selling 95 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 14,675 shares of GD which is valued at $1,935,633. General Dynamics Corporation makes up approx 0.99% of Marshwinds Advisory Co’s portfolio.
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. General Dynamics Corporation was Initiated by Guggenheim to “Buy” on Apr 5, 2016. Shares were Downgraded by Deutsche Bank on Mar 24, 2016 to ” Hold” and Lowered the Price Target to $ 152 from a previous price target of $170 .Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Outperform” and Lowered the Price Target to $ 166 from a previous price target of $173 .
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.