Turtle Creek Wealth Advisors LLC Acquires New Holdings in General Dynamics Corporation $GD

Key Points

• Turtle Creek Wealth Advisors LLC has acquired 836 shares of General Dynamics Corporation valued at approximately $244,000 during the second quarter, indicating strong interest in the aerospace sector.
• General Dynamics has reported strong quarterly earnings, with earnings per share of $3.74 for the last quarter, exceeding estimates by $0.27 and showing an 8.9% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $1.50 per share, scheduled for payment on November 14th, reflecting its commitment to returning value to shareholders.

Turtle Creek Wealth Advisors LLC acquired a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 836 shares of the aerospace company's stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new position in General Dynamics during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in General Dynamics during the first quarter valued at approximately $27,000. Quarry LP raised its position in General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 94 shares in the last quarter. Abound Financial LLC acquired a new position in General Dynamics during the first quarter valued at approximately $32,000. Finally, Nova Wealth Management Inc. acquired a new position in General Dynamics during the first quarter valued at approximately $33,000. Institutional investors own 86.14% of the company's stock.

Insider Activity

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the sale, the director owned 10,186 shares in the company, valued at $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the sale, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. This represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by insiders.

General Dynamics Trading Up 0.2%

Shares of General Dynamics stock opened at $331.33 on Friday. The company's fifty day simple moving average is $326.86 and its 200-day simple moving average is $298.89. The company has a market cap of $89.12 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.03 and a beta of 0.47. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $347.37.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.27. The business had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. General Dynamics's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. General Dynamics's payout ratio is currently 40.27%.

Analyst Upgrades and Downgrades

GD has been the topic of several analyst reports. Robert W. Baird increased their price target on General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Morgan Stanley increased their price target on General Dynamics from $328.00 to $360.00 and gave the company an "equal weight" rating in a report on Wednesday. Seaport Res Ptn upgraded General Dynamics from a "hold" rating to a "strong-buy" rating in a report on Monday, September 29th. Wolfe Research increased their price target on General Dynamics from $360.00 to $400.00 and gave the company an "outperform" rating in a report on Thursday, October 9th. Finally, Citigroup increased their price target on General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, General Dynamics currently has an average rating of "Hold" and a consensus target price of $327.44.

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.

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