NEOS Investment Management LLC Has $2.94 Million Stock Holdings in General Dynamics Co. (NYSE:GD)

NEOS Investment Management LLC lifted its stake in General Dynamics Co. (NYSE:GD - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,139 shares of the aerospace company's stock after acquiring an additional 2,483 shares during the period. NEOS Investment Management LLC's holdings in General Dynamics were worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GD. Financial Life Planners acquired a new position in shares of General Dynamics in the 4th quarter valued at $25,000. Whipplewood Advisors LLC acquired a new position in shares of General Dynamics in the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Dynamics in the fourth quarter worth approximately $26,000. Heck Capital Advisors LLC acquired a new position in General Dynamics in the 4th quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in General Dynamics in the 4th quarter worth about $28,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Up 1.0 %

Shares of GD traded up $2.84 during mid-day trading on Wednesday, hitting $276.98. 451,648 shares of the company's stock were exchanged, compared to its average volume of 1,314,294. General Dynamics Co. has a 52 week low of $239.87 and a 52 week high of $316.90. The company has a 50-day simple moving average of $258.90 and a 200 day simple moving average of $276.19. The company has a market cap of $74.88 billion, a PE ratio of 20.28, a P/E/G ratio of 1.69 and a beta of 0.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82.

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General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, research analysts forecast that General Dynamics Co. will post 14.83 earnings per share for the current fiscal year.

General Dynamics declared that its Board of Directors has initiated a share buyback program on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.17%. This is a boost from General Dynamics's previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th. General Dynamics's dividend payout ratio (DPR) is 43.99%.

Insider Buying and Selling at General Dynamics

In related news, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now owns 11,175 shares of the company's stock, valued at $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 45,192 shares of the company's stock, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.52% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GD shares. Wells Fargo & Company lifted their target price on shares of General Dynamics from $244.00 to $261.00 and gave the company an "equal weight" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. decreased their price target on General Dynamics from $307.00 to $284.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Citigroup cut their target price on shares of General Dynamics from $360.00 to $335.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Susquehanna upped their price objective on shares of General Dynamics from $300.00 to $315.00 and gave the company a "positive" rating in a research report on Wednesday. Finally, UBS Group lowered their price objective on General Dynamics from $337.00 to $281.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $298.59.

General Dynamics 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.