Hm Payson Co Lowers stake in General Dynamics Corporation (GD)

General Dynamics Corporation (GD) : Hm Payson Co reduced its stake in General Dynamics Corporation by 0.29% during the most recent quarter end. The investment management company now holds a total of 239,029 shares of General Dynamics Corporation which is valued at $36,165,088 after selling 697 shares in General Dynamics Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.General Dynamics Corporation makes up approximately 1.74% of Hm Payson Co’s portfolio.

Other Hedge Funds, Including , Mufg Americas Holdings Corp reduced its stake in GD by selling 4,100 shares or 12.43% in the most recent quarter. The Hedge Fund company now holds 28,892 shares of GD which is valued at $4,371,360. General Dynamics Corporation makes up approx 0.15% of Mufg Americas Holdings Corp’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in GD by selling 8,040 shares or 4.08% in the most recent quarter. The Hedge Fund company now holds 188,868 shares of GD which is valued at $27,742,821. General Dynamics Corporation makes up approx 0.50% of Kornitzer Capital Management Inc Ks’s portfolio.First Citizens Bank Trust Co reduced its stake in GD by selling 45,547 shares or 46.48% in the most recent quarter. The Hedge Fund company now holds 52,438 shares of GD which is valued at $7,702,618. General Dynamics Corporation makes up approx 0.67% of First Citizens Bank Trust Co’s portfolio.Umb Bank N Amo reduced its stake in GD by selling 236 shares or 3.26% in the most recent quarter. The Hedge Fund company now holds 7,004 shares of GD which is valued at $1,026,997. General Dynamics Corporation makes up approx 0.04% of Umb Bank N Amo’s portfolio.Rehmann Capital Advisory Group boosted its stake in GD in the latest quarter, The investment management firm added 899 additional shares and now holds a total of 4,570 shares of General Dynamics Corporation which is valued at $670,099. General Dynamics Corporation makes up approx 0.12% of Rehmann Capital Advisory Group’s portfolio.

General Dynamics Corporation opened for trading at $151.43 and hit $153.8 on the upside on Monday, eventually ending the session at $153.4, with a gain of 1.27% or 1.93 points. The heightened volatility saw the trading volume jump to 21,28,704 shares. Company has a market cap of $46,830 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.

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