General Dynamics (GD)

• Market cap: $72.5B
• 1 day: 1.29%
• 5 days: 0.20%
• 1 month: -5.86%
• 3 months: -14.09%
• 6 months: -12.01%
• Year to date: 1.95%
• 1 year: 5.64%
• 5 years: 47.84%
• 10 years: 86.45%
• 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

22% more first-time investments, than exits

New positions opened: 149 | Existing positions closed: 122

2% more funds holding

Funds holding: 1,740 [Q2] → 1,767 (+27) [Q3]

7% more repeat investments, than reductions

Existing positions increased: 684 | Existing positions reduced: 638

5% more capital invested

Capital invested by funds: $69.4B [Q2] → $72.7B (+$3.28B) [Q3]

0.85% more ownership

Funds ownership: 87.24% [Q2] → 88.09% (+0.85%) [Q3]

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: $245 7% downside
• Avg. target: $311 18% upside
• High target: $354 34% upside

9 analyst ratings

• positive: 3 33%
• neutral: 5 56%
• negative: 1 11%

RBC Capital Ken Herbert 51% 1-year accuracy 35 / 69 met price target	10% upside $290	Sector Perform Downgraded	19 Dec 2024
Jefferies Sheila Kahyaoglu 65% 1-year accuracy 22 / 34 met price target	14% upside $300	Hold Downgraded	12 Dec 2024
Goldman Sachs Noah Poponak 61% 1-year accuracy 19 / 31 met price target	7% downside $245	Sell Downgraded	12 Dec 2024
Wells Fargo Matthew Akers 33% 1-year accuracy 15 / 46 met price target	12% upside $295	Equal-Weight Maintained	11 Dec 2024
Deutsche Bank Scott Deuschle 52% 1-year accuracy 17 / 33 met price target	16% upside $306	Hold Maintained	1 Nov 2024