Zweig Advisers adds General Dynamics Corporation (GD) to its portfolio

General Dynamics Corporation (GD) : Zweig Advisers added new position in General Dynamics Corporation during the most recent quarter end. The investment management firm now holds 80,000 shares of General Dynamics Corporation which is valued at $12,117,600 , the company said in a statement filed on Aug 15, 2016 with the SEC.General Dynamics Corporation makes up approximately 1.93% of Zweig Advisers’s portfolio.

Other Hedge Funds, Including , J.safra Asset Management Corp reduced its stake in GD by selling 3,036 shares or 89.03% in the most recent quarter. The Hedge Fund company now holds 374 shares of GD which is valued at $56,650. General Dynamics Corporation makes up approx 0.09% of J.safra Asset Management Corp’s portfolio. Feltz Wealth Plan added GD to its portfolio by purchasing 254 company shares during the most recent quarter which is valued at $38,430. Financial Partners Capital Management sold out all of its stake in GD during the most recent quarter. The investment firm sold 5,795 shares of GD which is valued $856,559. Cribstone Capital Management added GD to its portfolio by purchasing 428 company shares during the most recent quarter which is valued at $61,863. General Dynamics Corporation makes up approx 0.04% of Cribstone Capital Management’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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *