Caxton Associates Lp adds General Dynamics Corporation (GD) to its portfolio

General Dynamics Corporation (GD) : Caxton Associates Lp added new position in General Dynamics Corporation during the most recent quarter end. The investment management firm now holds 270,000 shares of General Dynamics Corporation which is valued at $40,896,900 , the company said in a statement filed on Aug 12, 2016 with the SEC.General Dynamics Corporation makes up approximately 1.69% of Caxton Associates Lp’s portfolio.

Other Hedge Funds, Including , Institutional Family Asset Management boosted its stake in GD in the latest quarter, The investment management firm added 3,146 additional shares and now holds a total of 17,862 shares of General Dynamics Corporation which is valued at $2,659,473. General Dynamics Corporation makes up approx 0.91% of Institutional Family Asset Management’s portfolio.Penobscot Investment Management Company boosted its stake in GD in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 2,940 shares of General Dynamics Corporation which is valued at $431,857. General Dynamics Corporation makes up approx 0.15% of Penobscot Investment Management Company’s portfolio.Terra Nova Asset Management boosted its stake in GD in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 1,788 shares of General Dynamics Corporation which is valued at $262,174. General Dynamics Corporation makes up approx 0.44% of Terra Nova Asset Management’s portfolio.Seven Bridges Advisors reduced its stake in GD by selling 806 shares or 10.38% in the most recent quarter. The Hedge Fund company now holds 6,956 shares of GD which is valued at $1,019,958. General Dynamics Corporation makes up approx 0.84% of Seven Bridges Advisors’s portfolio.

General Dynamics Corporation opened for trading at $151.48 and hit $152.9 on the upside on Monday, eventually ending the session at $152.82, with a gain of 0.82% or 1.24 points. The heightened volatility saw the trading volume jump to 9,54,419 shares. Company has a market cap of $46,653 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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