General Dynamics stock is trading -19.79% below its average target price of $326.05 after dropping -1.5% during today's morning session. Analysts are giving the Large-Cap Marine Shipping company an average rating of buy and target prices ranging from $283.0 to $354.0 per share.
The stock has a very low short interest at 1.4%, and a short ratio of 2.63. The company's insiders own 0.5% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 89.1% of General Dynamics's shares being owned by this investor type.
Institutions Invested in General Dynamics
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Longview Asset Management, LLC | 10% | 28,097,732 | $7,348,681,067 |
| 2024-09-30 | Vanguard Group Inc | 8% | 23,073,761 | $6,034,711,649 |
| 2024-09-30 | Blackrock Inc. | 6% | 16,271,982 | $4,255,774,311 |
| 2024-09-30 | Newport Trust Company, LLC | 6% | 15,243,636 | $3,986,820,689 |
| 2024-09-30 | Wellington Management Group, LLP | 5% | 14,205,330 | $3,715,262,129 |
| 2024-09-30 | State Street Corporation | 4% | 10,945,110 | $2,862,584,162 |
| 2024-09-30 | Massachusetts Financial Services Co. | 3% | 7,829,662 | $2,047,769,866 |
| 2024-09-30 | Bank of America Corporation | 3% | 7,771,650 | $2,032,597,407 |
| 2024-09-30 | Capital Research Global Investors | 2% | 6,270,651 | $1,640,026,116 |
| 2024-09-30 | Wells Fargo & Company | 2% | 6,206,844 | $1,623,338,032 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on General Dynamics.
