General Dynamics Corporation (GD) : Hays Advisory reduced its stake in General Dynamics Corporation by 14.06% during the most recent quarter end. The investment management company now holds a total of 52,191 shares of General Dynamics Corporation which is valued at $7,543,687 after selling 8,536 shares in General Dynamics Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.General Dynamics Corporation makes up approximately 1.15% of Hays Advisory’s portfolio.
Other Hedge Funds, Including , Catawba Capital Management Va boosted its stake in GD in the latest quarter, The investment management firm added 190 additional shares and now holds a total of 3,772 shares of General Dynamics Corporation which is valued at $545,205. General Dynamics Corporation makes up approx 0.13% of Catawba Capital Management Va’s portfolio.Fox Run Management L.l.c. reduced its stake in GD by selling 2,600 shares or 45.61% in the most recent quarter. The Hedge Fund company now holds 3,100 shares of GD which is valued at $448,074. General Dynamics Corporation makes up approx 0.21% of Fox Run Management L.l.c.’s portfolio.First Manhattan Co reduced its stake in GD by selling 355 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 5,378 shares of GD which is valued at $758,298.Legacy Private Trust reduced its stake in GD by selling 1,488 shares or 5.5% in the most recent quarter. The Hedge Fund company now holds 25,586 shares of GD which is valued at $3,607,626. General Dynamics Corporation makes up approx 0.51% of Legacy Private Trust’s portfolio.
General Dynamics Corporation opened for trading at $143.71 and hit $144.69 on the upside on Wednesday, eventually ending the session at $144.54, with a gain of 0.86% or 1.23 points. The heightened volatility saw the trading volume jump to 15,11,745 shares. Company has a market cap of $44,178 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 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.