14,142 Shares in General Dynamics Co. (NYSE:GD) Acquired by Neo Ivy Capital Management

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

Other large investors have also added to or reduced their stakes in the company. Austin Wealth Management LLC raised its holdings in General Dynamics by 5.4% in the 4th quarter. Austin Wealth Management LLC now owns 826 shares of the aerospace company's stock valued at $220,000 after acquiring an additional 42 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of General Dynamics by 35.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 163 shares of the aerospace company's stock valued at $43,000 after purchasing an additional 43 shares during the period. Stokes Family Office LLC raised its stake in shares of General Dynamics by 0.4% in the fourth quarter. Stokes Family Office LLC now owns 10,279 shares of the aerospace company's stock valued at $2,708,000 after purchasing an additional 43 shares in the last quarter. ICW Investment Advisors LLC lifted its position in General Dynamics by 0.5% in the fourth quarter. ICW Investment Advisors LLC now owns 8,491 shares of the aerospace company's stock worth $2,237,000 after purchasing an additional 43 shares during the period. Finally, Kelleher Financial Advisors boosted its stake in General Dynamics by 2.8% during the fourth quarter. Kelleher Financial Advisors now owns 1,590 shares of the aerospace company's stock worth $419,000 after buying an additional 44 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GD. Citigroup reduced their price objective on shares of General Dynamics from $335.00 to $330.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Morgan Stanley lowered their price objective on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. UBS Group raised their target price on General Dynamics from $268.00 to $279.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. William Blair cut General Dynamics from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company dropped their price objective on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics currently has an average rating of "Hold" and an average price target of $293.00.

Insider Activity

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company's stock in a transaction dated 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 sale, the senior vice president now directly owns 45,192 shares of the company's stock, valued at $12,297,195.12. This represents a 37.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

General Dynamics Trading Down 1.3%

GD stock traded down $3.58 during trading on Wednesday, hitting $275.65. The company had a trading volume of 344,056 shares, compared to its average volume of 1,370,939. The firm has a 50-day moving average price of $271.63 and a 200-day moving average price of $267.75. General Dynamics Co. has a 12 month low of $239.20 and a 12 month high of $316.90. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The stock has a market cap of $73.98 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.69 and a beta of 0.49.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.92 billion. During the same quarter in the previous year, the company posted $2.88 earnings per share. The firm's quarterly revenue was up 13.9% on a year-over-year basis. As a group, analysts predict 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. Shareholders of record on Friday, April 11th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Friday, April 11th. This is a positive change from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's payout ratio is currently 41.61%.

General Dynamics Company Profile

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.