Catawba Capital Management Va buys $596,850 stake in General Dynamics Corporation (GD)

General Dynamics Corporation (GD) : Catawba Capital Management Va scooped up 130 additional shares in General Dynamics Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 3,902 shares of General Dynamics Corporation which is valued at $596,850.General Dynamics Corporation makes up approximately 0.14% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in GD by selling 1,500 shares or 21.74% in the most recent quarter. The Hedge Fund company now holds 5,400 shares of GD which is valued at $825,984. General Dynamics Corporation makes up approx 0.11% of First Mercantile Trust Co’s portfolio.Chevy Chase Trust Holdings reduced its stake in GD by selling 6,235 shares or 2.5% in the most recent quarter. The Hedge Fund company now holds 243,001 shares of GD which is valued at $37,354,114. General Dynamics Corporation makes up approx 0.21% of Chevy Chase Trust Holdings’s portfolio.Indiana Trust Investment Management Co reduced its stake in GD by selling 185 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 10,675 shares of GD which is valued at $1,640,961. General Dynamics Corporation makes up approx 0.86% of Indiana Trust Investment Management Co’s portfolio.Acropolis Investment Management reduced its stake in GD by selling 160 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 7,363 shares of GD which is valued at $1,131,840. General Dynamics Corporation makes up approx 0.21% of Acropolis Investment Management’s portfolio.New England Research Management reduced its stake in GD by selling 899 shares or 32.69% in the most recent quarter. The Hedge Fund company now holds 1,851 shares of GD which is valued at $284,536. General Dynamics Corporation makes up approx 0.24% of New England Research Management’s portfolio.

General Dynamics Corporation closed down -1.18 points or -0.77% at $152.96 with 20,63,784 shares getting traded on Friday. Post opening the session at $151.83, the shares hit an intraday low of $150.26 and an intraday high of $153.22 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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.

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