General Dynamics (GD)

• Market cap: $79.2B
• 1 day: -1.51%
• 5 days: -7.72%
• 1 month: -4.07%
• 3 months: -2.69%
• 6 months: -2.24%
• Year to date: 11.37%
• 1 year: 17.18%
• 5 years: 53.94%
• 10 years: 102.74%
• Sector: Industrials
• Industry: Ship & Boat Building & Repairing

About: General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, marine, combat systems, and technology. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and other ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.

Employees: 111,600

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

51% more call options, than puts

Call options by funds: $688M | Put options by funds: $457M

8% more repeat investments, than reductions

Existing positions increased: 672 | Existing positions reduced: 624

4% more capital invested

Capital invested by funds: $69.4B [Q2] → $72.5B (+$3.05B) [Q3]

0.6% more ownership

Funds ownership: 87.23% [Q2] → 87.84% (+0.6%) [Q3]

0% less funds holding

Funds holding: 1,735 [Q2] → 1,731 (-4) [Q3]

3% less first-time investments, than exits

New positions opened: 147 | Existing positions closed: 151

29% less funds holding in top 10

Funds holding in top 10: 21 [Q2] → 15 (-6) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $306 6% upside
• Avg. target: $328 14% upside
• High target: $354 23% upside

9 analyst ratings

• positive: 4 44%
• neutral: 5 56%
• negative: 0 0%

Deutsche Bank Scott Deuschle 67% 1-year accuracy 22 / 33 met price target	6% upside $306	Hold Maintained	1 Nov 2024
Barclays David Strauss 68% 1-year accuracy 17 / 25 met price target	15% upside $330	Overweight Maintained	29 Oct 2024
Bernstein Douglas Harter 58% 1-year accuracy 11 / 19 met price target	15% upside $331	Market Perform Maintained	24 Oct 2024
RBC Capital Ken Herbert 79% 1-year accuracy 55 / 70 met price target	15% upside $330	Outperform Maintained	24 Oct 2024
Wells Fargo Matthew Akers 92% 1-year accuracy 34 / 37 met price target	12% upside $322	Equal-Weight Maintained	24 Oct 2024