New England Professional Planning Group Lowers stake in General Dynamics Corporation (GD)

General Dynamics Corporation (GD) : New England Professional Planning Group reduced its stake in General Dynamics Corporation by 11.11% during the most recent quarter end. The investment management company now holds a total of 6,064 shares of General Dynamics Corporation which is valued at $875,460 after selling 758 shares in General Dynamics Corporation , the firm said in a disclosure report filed with the SEC on May 10, 2016.General Dynamics Corporation makes up approximately 0.87% of New England Professional Planning Group’s portfolio.

Other Hedge Funds, Including , Barrow Hanley Mewhinney Strauss reduced its stake in GD by selling 27,038 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 7,123,425 shares of GD which is valued at $1,028,408,867. General Dynamics Corporation makes up approx 1.56% of Barrow Hanley Mewhinney Strauss’s portfolio.Profund Advisors reduced its stake in GD by selling 835 shares or 12.29% in the most recent quarter. The Hedge Fund company now holds 5,960 shares of GD which is valued at $854,902. General Dynamics Corporation makes up approx 0.04% of Profund Advisors’s portfolio.Schwab Charles Investment Management Inc boosted its stake in GD in the latest quarter, The investment management firm added 7,068 additional shares and now holds a total of 833,028 shares of General Dynamics Corporation which is valued at $119,489,536. General Dynamics Corporation makes up approx 0.16% of Schwab Charles Investment Management Inc’s portfolio.Andra Ap-fonden boosted its stake in GD in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 43,800 shares of General Dynamics Corporation which is valued at $6,282,672. General Dynamics Corporation makes up approx 0.17% of Andra Ap-fonden’s portfolio.Wedge Capital Management L L Pnc boosted its stake in GD in the latest quarter, The investment management firm added 1,644 additional shares and now holds a total of 323,709 shares of General Dynamics Corporation which is valued at $46,432,819. General Dynamics Corporation makes up approx 0.48% of Wedge Capital Management L L Pnc’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.

Leave a Reply

General Dynamics Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on General Dynamics Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.