General Dynamics Corporation (GD) : Hm Payson Co reduced its stake in General Dynamics Corporation by 4.84% during the most recent quarter end. The investment management company now holds a total of 227,471 shares of General Dynamics Corporation which is valued at $38,713,289 after selling 11,558 shares in General Dynamics Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.General Dynamics Corporation makes up approximately 1.89% of Hm Payson Co’s portfolio.
Other Hedge Funds, Including , Northwestern Mutual Investment Management Company reduced its stake in GD by selling 97,997 shares or 77.54% in the most recent quarter. The Hedge Fund company now holds 28,389 shares of GD which is valued at $4,831,524. General Dynamics Corporation makes up approx 0.10% of Northwestern Mutual Investment Management Company’s portfolio.Intrust Bank Na reduced its stake in GD by selling 86 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 4,324 shares of GD which is valued at $658,934. General Dynamics Corporation makes up approx 0.27% of Intrust Bank Na’s portfolio.Umb Bank N Amo boosted its stake in GD in the latest quarter, The investment management firm added 183 additional shares and now holds a total of 7,187 shares of General Dynamics Corporation which is valued at $1,083,368. General Dynamics Corporation makes up approx 0.04% of Umb Bank N Amo’s portfolio.Guinness Asset Management Ltd boosted its stake in GD in the latest quarter, The investment management firm added 4,730 additional shares and now holds a total of 45,090 shares of General Dynamics Corporation which is valued at $6,785,143. General Dynamics Corporation makes up approx 1.73% of Guinness Asset Management Ltd’s portfolio.
General Dynamics Corporation opened for trading at $165.51 and hit $167.36 on the upside on Monday, eventually ending the session at $166.62, with a gain of 0.60% or 0.99 points. The heightened volatility saw the trading volume jump to 15,96,944 shares. Company has a market cap of $50,739 M.
On the company’s financial health, General Dynamics Corporation reported $2.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $2.38. The company had revenue of $7731.00 million for the quarter, compared to analysts expectations of $7906.34 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.28 EPS.
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.