Fintel reports that on August 9, 2024, Morgan Stanley upgraded their outlook for General Dynamics (NYSE:GD) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 11.51% Upside
As of August 5, 2024, the average one-year price target for General Dynamics is $324.28/share. The forecasts range from a low of $262.60 to a high of $362.25. The average price target represents an increase of 11.51% from its latest reported closing price of $290.80 / share.
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The projected annual revenue for General Dynamics is 46,098MM, an increase of 2.56%. The projected annual non-GAAP EPS is 16.23.
What is the Fund Sentiment?
There are 2,656 funds or institutions reporting positions in General Dynamics. This is an increase of 59 owner(s) or 2.27% in the last quarter. Average portfolio weight of all funds dedicated to GD is 0.42%, an increase of 0.61%. Total shares owned by institutions decreased in the last three months by 1.73% to 265,196K shares. 
The put/call ratio of GD is 0.50, indicating a bullish outlook.
What are Other Shareholders Doing?
Longview Asset Management holds 28,098K shares representing 10.24% ownership of the company. In its prior filing, the firm reported owning 28,270K shares , representing a decrease of 0.61%. The firm decreased its portfolio allocation in GD by 0.02% over the last quarter.
Newport Trust holds 15,626K shares representing 5.70% ownership of the company. In its prior filing, the firm reported owning 15,873K shares , representing a decrease of 1.58%. The firm increased its portfolio allocation in GD by 9.14% over the last quarter.
Wellington Management Group Llp holds 14,440K shares representing 5.26% ownership of the company. In its prior filing, the firm reported owning 15,433K shares , representing a decrease of 6.87%. The firm decreased its portfolio allocation in GD by 3.38% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,751K shares representing 2.83% ownership of the company. In its prior filing, the firm reported owning 7,709K shares , representing an increase of 0.55%. The firm decreased its portfolio allocation in GD by 0.27% over the last quarter.
Massachusetts Financial Services holds 7,640K shares representing 2.78% ownership of the company. In its prior filing, the firm reported owning 7,346K shares , representing an increase of 3.84%. The firm increased its portfolio allocation in GD by 9.10% over the last quarter.
General Dynamics Background Information
(This description is provided by the company.)
Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $37.9 billion in revenue in 2020.
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