Polaris Greystone Financial Group adds General Dynamics Corporation (GD) to its portfolio

General Dynamics Corporation (GD) : Polaris Greystone Financial Group added new position in General Dynamics Corporation during the most recent quarter end. The investment management firm now holds 96,099 shares of General Dynamics Corporation which is valued at $14,204,393 , the company said in a statement filed on Aug 2, 2016 with the SEC.General Dynamics Corporation makes up approximately 2.16% of Polaris Greystone Financial Group’s portfolio.

Other Hedge Funds, Including , Carnegie Capital Asset Management reduced its stake in GD by selling 864 shares or 19.33% in the most recent quarter. The Hedge Fund company now holds 3,605 shares of GD which is valued at $532,855. General Dynamics Corporation makes up approx 0.08% of Carnegie Capital Asset Management’s portfolio.Shell Asset Management Co boosted its stake in GD in the latest quarter, The investment management firm added 3,102 additional shares and now holds a total of 39,959 shares of General Dynamics Corporation which is valued at $5,859,188. General Dynamics Corporation makes up approx 0.14% of Shell Asset Management Co’s portfolio. Kelman-lazarov sold out all of its stake in GD during the most recent quarter. The investment firm sold 1,325 shares of GD which is valued $186,825.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.

General Dynamics Corporation closed down -0.78 points or -0.52% at $148.11 with 8,33,867 shares getting traded on Monday. Post opening the session at $148.56, the shares hit an intraday low of $147.8 and an intraday high of $149.16 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, General Dynamics Corporation reported $2.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.31. The company had revenue of $7665.00 million for the quarter, compared to analysts expectations of $7864.90 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.27 EPS.

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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