General Dynamics Corporation (GD) : Newfocus Financial Group scooped up 185 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 2, 2016. The investment management firm now holds a total of 29,996 shares of General Dynamics Corporation which is valued at $4,302,626.General Dynamics Corporation makes up approximately 3.16% of Newfocus Financial Group’s portfolio.
General Dynamics Corporation opened for trading at $141.99 and hit $143.67 on the upside on Friday, eventually ending the session at $143.44, with a gain of 0.87% or 1.24 points. The heightened volatility saw the trading volume jump to 17,80,881 shares. Company has a market cap of $43,842 M.
Other Hedge Funds, Including , Capital Fund Management S.a. reduced its stake in GD by selling 39,594 shares or 14.84% in the most recent quarter. The Hedge Fund company now holds 227,217 shares of GD which is valued at $32,592,006. General Dynamics Corporation makes up approx 0.57% of Capital Fund Management S.a.’s portfolio.Sii Investments Incwi reduced its stake in GD by selling 2,656 shares or 37.54% in the most recent quarter. The Hedge Fund company now holds 4,419 shares of GD which is valued at $620,958. General Dynamics Corporation makes up approx 0.06% of Sii Investments Incwi’s portfolio.Boys Arnold Co Inc reduced its stake in GD by selling 28,622 shares or 92.2% in the most recent quarter. The Hedge Fund company now holds 2,422 shares of GD which is valued at $340,339. General Dynamics Corporation makes up approx 0.13% of Boys Arnold Co Inc’s portfolio.Meritage Portfolio Management reduced its stake in GD by selling 545 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 38,526 shares of GD which is valued at $5,312,735. General Dynamics Corporation makes up approx 0.60% of Meritage Portfolio Management’s portfolio. Quantres Asset Management Ltd added GD to its portfolio by purchasing 2,100 company shares during the most recent quarter which is valued at $289,590. General Dynamics Corporation makes up approx 0.27% of Quantres Asset Management Ltd’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. 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.