Numerai GP LLC Purchases Shares of 11,494 General Dynamics Co. (NYSE:GD)

Numerai GP LLC bought a new position in General Dynamics Co. (NYSE:GD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,494 shares of the aerospace company's stock, valued at approximately $3,029,000. General Dynamics makes up about 0.8% of Numerai GP LLC's portfolio, making the stock its 13th largest holding.

A number of other institutional investors have also modified their holdings of GD. Occudo Quantitative Strategies LP purchased a new stake in General Dynamics in the fourth quarter worth about $1,413,000. OMERS ADMINISTRATION Corp lifted its position in shares of General Dynamics by 20.5% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,696 shares of the aerospace company's stock worth $2,555,000 after purchasing an additional 1,648 shares during the period. Obermeyer Wealth Partners boosted its stake in shares of General Dynamics by 13.3% during the fourth quarter. Obermeyer Wealth Partners now owns 973 shares of the aerospace company's stock valued at $256,000 after purchasing an additional 114 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in General Dynamics by 38.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 243,730 shares of the aerospace company's stock valued at $64,220,000 after buying an additional 67,167 shares during the period. Finally, Gen Wealth Partners Inc raised its stake in General Dynamics by 3.2% in the fourth quarter. Gen Wealth Partners Inc now owns 2,499 shares of the aerospace company's stock worth $658,000 after buying an additional 77 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GD has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price target on General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a report on Tuesday, January 28th. Cowen reiterated a "buy" rating on shares of General Dynamics in a report on Thursday, April 24th. William Blair cut shares of General Dynamics from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. UBS Group boosted their price objective on shares of General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Finally, BTIG Research downgraded shares of General Dynamics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, General Dynamics has an average rating of "Hold" and a consensus price target of $293.00.

General Dynamics Price Performance

Shares of NYSE GD traded up $2.03 during mid-day trading on Friday, reaching $280.54. The company's stock had a trading volume of 1,173,759 shares, compared to its average volume of 1,374,435. The stock has a 50-day moving average of $269.38 and a two-hundred day moving average of $269.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The stock has a market capitalization of $75.29 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.69 and a beta of 0.49. General Dynamics Co. has a 1-year low of $239.20 and a 1-year high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.23. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. General Dynamics's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.88 EPS. On average, equities research analysts anticipate that General Dynamics Co. will post 14.83 EPS for the current fiscal year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 11th were paid a $1.50 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from General Dynamics's previous quarterly dividend of $1.42. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.14%. General Dynamics's dividend payout ratio (DPR) is 41.61%.

Insider Transactions at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. This represents a 37.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company's stock.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.