Azimuth Capital Management Lowers stake in General Dynamics Corporation (GD)

General Dynamics Corporation (GD) : Azimuth Capital Management reduced its stake in General Dynamics Corporation by 0.66% during the most recent quarter end. The investment management company now holds a total of 74,299 shares of General Dynamics Corporation which is valued at $10.7 Million after selling 490 shares in General Dynamics Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.General Dynamics Corporation makes up approximately 1.03% of Azimuth Capital Management’s portfolio.

Other Hedge Funds, Including , Sunbelt Securities boosted its stake in GD in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 1,368 shares of General Dynamics Corporation which is valued at $197,498. General Dynamics Corporation makes up approx 0.23% of Sunbelt Securities’s portfolio.Financial Counselors Inc reduced its stake in GD by selling 464 shares or 18.04% in the most recent quarter. The Hedge Fund company now holds 2,108 shares of GD which is valued at $304,332. General Dynamics Corporation makes up approx 0.02% of Financial Counselors Inc’s portfolio.Cambridge Investment Research Advisors boosted its stake in GD in the latest quarter, The investment management firm added 5,654 additional shares and now holds a total of 16,338 shares of General Dynamics Corporation which is valued at $2.3 Million. General Dynamics Corporation makes up approx 0.05% of Cambridge Investment Research Advisors’s portfolio.Wealthtrust Fairport reduced its stake in GD by selling 10 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 40,087 shares of GD which is valued at $5.8 Million. General Dynamics Corporation makes up approx 0.77% of Wealthtrust Fairport’s portfolio.Russell Frank Co reduced its stake in GD by selling 75,348 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 955,683 shares of GD which is valued at $134.3 Million. General Dynamics Corporation makes up approx 0.23% of Russell Frank Co’s portfolio.

General Dynamics Corporation opened for trading at $144.06 and hit $145.8149 on the upside on Monday, eventually ending the session at $145.37, with a gain of 0.69% or 1 points. The heightened volatility saw the trading volume jump to 9,37,312 shares. Company has a market cap of $44,432 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.

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