General Dynamics Corporation (GD) : London Co Of Virginia scooped up 193,465 additional shares in General Dynamics Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,222,268 shares of General Dynamics Corporation which is valued at $336,606,934.General Dynamics Corporation makes up approximately 2.62% of London Co Of Virginia’s portfolio.
Other Hedge Funds, Including , D. E. Shaw reduced its stake in GD by selling 397,264 shares or 26.04% in the most recent quarter. The Hedge Fund company now holds 1,128,216 shares of GD which is valued at $170,890,878. General Dynamics Corporation makes up approx 0.35% of D. E. Shaw’s portfolio.Credit Suisse Ag boosted its stake in GD in the latest quarter, The investment management firm added 10,208 additional shares and now holds a total of 456,815 shares of General Dynamics Corporation which is valued at $69,193,768. General Dynamics Corporation makes up approx 0.09% of Credit Suisse Ag’s portfolio.Massmutual Trust Co Fsbadv reduced its stake in GD by selling 242 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 18,264 shares of GD which is valued at $2,766,448. General Dynamics Corporation makes up approx 0.33% of Massmutual Trust Co Fsbadv’s portfolio.Leisure Capital Management reduced its stake in GD by selling 255 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 13,641 shares of GD which is valued at $2,020,369. General Dynamics Corporation makes up approx 2.16% of Leisure Capital Management’s portfolio.Cape Ann Savings Bank reduced its stake in GD by selling 405 shares or 6.5% in the most recent quarter. The Hedge Fund company now holds 5,827 shares of GD which is valued at $842,235. General Dynamics Corporation makes up approx 1.12% of Cape Ann Savings Bank’s portfolio.
General Dynamics Corporation opened for trading at $152.63 and hit $153.15 on the upside on Thursday, eventually ending the session at $152.84, with a gain of 0.41% or 0.62 points. The heightened volatility saw the trading volume jump to 5,97,631 shares. Company has a market cap of $46,659 M.
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.