Neo Ivy Capital Management Makes New Investment in General Dynamics Co. (NYSE:GD)

Neo Ivy Capital Management bought a new position in shares of General Dynamics Co. (NYSE:GD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,142 shares of the aerospace company's stock, valued at approximately $3,726,000. General Dynamics makes up 0.8% of Neo Ivy Capital Management's holdings, making the stock its 29th biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of General Dynamics by 43.1% during the third quarter. Barclays PLC now owns 942,485 shares of the aerospace company's stock valued at $284,818,000 after buying an additional 283,972 shares during the period. Capital & Planning LLC grew its stake in General Dynamics by 9.8% in the fourth quarter. Capital & Planning LLC now owns 1,538 shares of the aerospace company's stock worth $405,000 after purchasing an additional 137 shares during the period. Ameritas Advisory Services LLC grew its stake in General Dynamics by 38.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 1,480 shares of the aerospace company's stock worth $390,000 after purchasing an additional 410 shares during the period. Simon Quick Advisors LLC grew its stake in General Dynamics by 23.2% in the fourth quarter. Simon Quick Advisors LLC now owns 892 shares of the aerospace company's stock worth $235,000 after purchasing an additional 168 shares during the period. Finally, Kelleher Financial Advisors grew its stake in General Dynamics by 2.8% in the fourth quarter. Kelleher Financial Advisors now owns 1,590 shares of the aerospace company's stock worth $419,000 after purchasing an additional 44 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

Shares of NYSE GD traded up $4.55 during trading on Tuesday, hitting $279.30. The company had a trading volume of 1,052,028 shares, compared to its average volume of 1,374,962. The stock has a 50 day simple moving average of $271.35 and a 200 day simple moving average of $267.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The firm has a market capitalization of $74.96 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.92 billion. During the same quarter last year, the company earned $2.88 earnings per share. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, analysts anticipate that General Dynamics Co. will post 14.83 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 11th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, April 11th. This is an increase from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's dividend payout ratio (DPR) is 41.61%.

Insider Activity at General Dynamics

In related news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the sale, the senior vice president now owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. This trade represents a 37.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. TD Cowen reduced their price target on General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. Cowen reissued a "buy" rating on shares of General Dynamics in a research note on Thursday, April 24th. Royal Bank of Canada cut their target price on General Dynamics from $290.00 to $280.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 30th. Wells Fargo & Company cut their target price on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Argus set a $295.00 target price on General Dynamics in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $293.00.

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.