This afternoon we watched General Dynamics drop -2.6% to a price of $262.87 per share. The Large-Cap Marine Shipping company is now trading -13.73% below its average target price of $304.7. Analysts have set target prices ranging from $241.0 to $360.0 per share for General Dynamics, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.7%, and a short ratio of 2.33. 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 | $7,386,050,673 |
| 2024-09-30 | Vanguard Group Inc | 8% | 23,073,761 | $6,065,399,441 |
| 2024-09-30 | Blackrock Inc. | 6% | 16,271,982 | $4,277,415,828 |
| 2024-09-30 | Newport Trust Company, LLC | 6% | 15,243,636 | $4,007,094,520 |
| 2024-09-30 | Wellington Management Group, LLP | 5% | 14,205,330 | $3,734,155,027 |
| 2024-09-30 | State Street Corporation | 4% | 10,945,110 | $2,877,141,012 |
| 2024-09-30 | Massachusetts Financial Services Co. | 3% | 7,829,662 | $2,058,183,211 |
| 2024-09-30 | Bank of America Corporation | 3% | 7,771,650 | $2,042,933,597 |
| 2024-09-30 | Capital Research Global Investors | 2% | 6,270,651 | $1,648,365,997 |
| 2024-09-30 | Wells Fargo & Company | 2% | 6,206,844 | $1,631,593,051 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on General Dynamics.
