Fintel reports that on October 1, 2024, Wells Fargo downgraded their outlook for General Dynamics (XTRA:GDX) from Overweight to Equal-Weight.
Analyst Price Forecast Suggests 10.92% Upside
As of September 25, 2024, the average one-year price target for General Dynamics is 297,33 €/share. The forecasts range from a low of 263,29 € to a high of 326,75 €. The average price target represents an increase of 10.92% from its latest reported closing price of 268,05 € / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for General Dynamics is 45,363MM, an increase of 0.93%. The projected annual non-GAAP EPS is 15.23.
What is the Fund Sentiment?
There are 2,675 funds or institutions reporting positions in General Dynamics. This is an increase of 36 owner(s) or 1.36% in the last quarter. Average portfolio weight of all funds dedicated to GDX is 0.42%, an increase of 0.10%. Total shares owned by institutions increased in the last three months by 2.99% to 270,547K shares.
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 28,098K shares , representing a decrease of 0.00%. The firm increased its portfolio allocation in GDX by 0.31% over the last quarter.
Newport Trust holds 15,463K shares representing 5.64% ownership of the company. In its prior filing, the firm reported owning 15,626K shares , representing a decrease of 1.06%. The firm decreased its portfolio allocation in GDX by 6.05% over the last quarter.
Wellington Management Group Llp holds 14,096K shares representing 5.14% ownership of the company. In its prior filing, the firm reported owning 14,440K shares , representing a decrease of 2.44%. The firm decreased its portfolio allocation in GDX by 85.76% over the last quarter.
Bank Of America holds 7,853K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 7,350K shares , representing an increase of 6.40%. The firm increased its portfolio allocation in GDX by 3.47% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,802K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 7,751K shares , representing an increase of 0.66%. The firm increased its portfolio allocation in GDX by 0.54% over the last quarter.
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