General Dynamics Corporation (GD) : Legg Mason Asset Management (japan) Ltd. reduced its stake in General Dynamics Corporation by 2.78% during the most recent quarter end. The investment management company now holds a total of 7,000 shares of General Dynamics Corporation which is valued at $1,060,290 after selling 200 shares in General Dynamics Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.General Dynamics Corporation makes up approximately 1.08% of Legg Mason Asset Management (japan) Ltd.’s portfolio.
Other Hedge Funds, Including , D.a. Davidson boosted its stake in GD in the latest quarter, The investment management firm added 1,252 additional shares and now holds a total of 3,817 shares of General Dynamics Corporation which is valued at $578,161. General Dynamics Corporation makes up approx 0.02% of D.a. Davidson’s portfolio.Teachers Advisors Inc reduced its stake in GD by selling 48,530 shares or 10.81% in the most recent quarter. The Hedge Fund company now holds 400,532 shares of GD which is valued at $60,668,582. General Dynamics Corporation makes up approx 0.10% of Teachers Advisors Inc’s portfolio. Quantitative Investment Management added GD to its portfolio by purchasing 76,900 company shares during the most recent quarter which is valued at $11,366,589. General Dynamics Corporation makes up approx 0.51% of Quantitative Investment Management’s portfolio. Sequoia Financial Advisors added GD to its portfolio by purchasing 1,453 company shares during the most recent quarter which is valued at $213,431. General Dynamics Corporation makes up approx 0.06% of Sequoia Financial Advisors’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in GD by selling 620 shares or 8.73% in the most recent quarter. The Hedge Fund company now holds 6,486 shares of GD which is valued at $951,042. General Dynamics Corporation makes up approx 0.10% of Tokio Marine Asset Management Co Ltd’s portfolio.
General Dynamics Corporation closed down -1.52 points or -0.98% at $153.11 with 1,054,264 shares getting traded on Wednesday. Post opening the session at $154.48, the shares hit an intraday low of $152.79 and an intraday high of $154.745 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.
Investors should note that on Aug 3, 2016, General Dynamics Corporation announced a cash dividend of $0.7600. The company’s management has announced Oct 5, 2016 as the ex-dividend date and fixed the record date on Oct 7, 2016. The payable date has been fixed on Nov 10, 2016.
Many Wall Street Analysts have commented on General Dynamics Corporation. General Dynamics Corporation was Upgraded by Bernstein to ” Outperform” on Aug 10, 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.