Level Four Advisory Services LLC Buys 240 Shares of General Dynamics Corporation $GD

Level Four Advisory Services LLC boosted its stake in General Dynamics Corporation (NYSE:GD) by 4.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,068 shares of the aerospace company’s stock after purchasing an additional 240 shares during the quarter. Level Four Advisory Services LLC’s holdings in General Dynamics were worth $1,770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. 1858 Wealth Management LLC increased its stake in shares of General Dynamics by 1.0% in the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock valued at $950,000 after acquiring an additional 32 shares during the last quarter. Nicholson Wealth Management Group LLC increased its stake in General Dynamics by 0.5% in the second quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock valued at $1,920,000 after purchasing an additional 33 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in General Dynamics by 1.4% in the second quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock worth $697,000 after purchasing an additional 33 shares during the period. Crewe Advisors LLC boosted its position in shares of General Dynamics by 10.9% during the second quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 34 shares in the last quarter. Finally, CVA Family Office LLC grew its stake in General Dynamics by 1.5% in the second quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock valued at $658,000 after acquiring an additional 34 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GD. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research report on Wednesday, October 8th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research note on Monday, October 27th. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Susquehanna lifted their target price on General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a report on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $358.10.

Insider Activity

In related news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the transaction, the director directly owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.2%

Shares of NYSE GD opened at $340.87 on Friday. The stock has a market capitalization of $92.07 billion, a P/E ratio of 22.09, a PEG ratio of 2.05 and a beta of 0.46. The stock’s fifty day moving average is $340.05 and its 200 day moving average is $314.60. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The firm had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Sell-side analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

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.