Fintel reports that on December 11, 2024, Wolfe Research downgraded their outlook for General Dynamics (XTRA:GDX) from Outperform to Peer Perform.
Analyst Price Forecast Suggests 24.30% Upside
As of December 3, 2024, the average one-year price target for General Dynamics is 319,57 €/share. The forecasts range from a low of 270,98 € to a high of 363,33 €. The average price target represents an increase of 24.30% from its latest reported closing price of 257,10 € / share.
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The projected annual revenue for General Dynamics is 45,363MM, a decrease of 1.48%. The projected annual non-GAAP EPS is 15.23.
What is the Fund Sentiment?
There are 2,706 funds or institutions reporting positions in General Dynamics. This is an increase of 36 owner(s) or 1.35% in the last quarter. Average portfolio weight of all funds dedicated to GDX is 0.41%, an increase of 2.79%. Total shares owned by institutions increased in the last three months by 3.05% to 282,000K shares.
What are Other Shareholders Doing?
Longview Asset Management holds 28,098K shares representing 10.23% ownership of the company. No change in the last quarter.
Newport Trust holds 15,244K shares representing 5.55% ownership of the company. In its prior filing, the firm reported owning 15,463K shares , representing a decrease of 1.44%. The firm decreased its portfolio allocation in GDX by 0.90% over the last quarter.
Wellington Management Group Llp holds 14,205K shares representing 5.17% ownership of the company. In its prior filing, the firm reported owning 14,096K shares , representing an increase of 0.77%. The firm decreased its portfolio allocation in GDX by 85.56% over the last quarter.
Massachusetts Financial Services holds 7,830K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 7,640K shares , representing an increase of 2.43%. The firm decreased its portfolio allocation in GDX by 83.99% over the last quarter.
Bank Of America holds 7,772K shares representing 2.83% ownership of the company. In its prior filing, the firm reported owning 7,853K shares , representing a decrease of 1.04%. The firm decreased its portfolio allocation in GDX by 75.67% over the last quarter.
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