Spirit Aerosystems Holdings Inc (NYSE:SPR) Stock Price While Sentiment Worsens

October 2, 2018 - By Dolores Ford

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Logo

Sentiment for Spirit Aerosystems Holdings Inc (NYSE:SPR)

Spirit Aerosystems Holdings Inc (NYSE:SPR) institutional sentiment decreased to 0.8 in 2018 Q2. Its down -0.22, from 1.02 in 2018Q1. The ratio is negative, as 136 active investment managers increased or opened new positions, while 171 sold and trimmed holdings in Spirit Aerosystems Holdings Inc. The active investment managers in our partner’s database now hold: 103.47 million shares, down from 105.26 million shares in 2018Q1. Also, the number of active investment managers holding Spirit Aerosystems Holdings Inc in their top 10 positions increased from 4 to 6 for an increase of 2. Sold All: 45 Reduced: 126 Increased: 88 New Position: 48.

Spirit AeroSystems Holdings, Inc., through its subsidiaries, designs, makes, and supplies commercial aero structures worldwide. The company has market cap of $9.86 billion. Spirit AeroSystems Holdings, Inc., through its subsidiaries, operates as a commercial aerospace original equipment maker worldwide. It has a 19.65 P/E ratio. The firm operates through three divisions: Fuselage Systems, Propulsion Systems, and Wing Systems.

The stock increased 0.05% or $0.05 during the last trading session, reaching $92.55. About 256,327 shares traded. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 16.69% since October 2, 2017 and is uptrending. It has outperformed by 1.07% the S&P500.

Analysts await Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report earnings on November, 7. They expect $1.67 EPS, up 32.54 % or $0.41 from last year’s $1.26 per share. SPR’s profit will be $177.84 million for 13.85 P/E if the $1.67 EPS becomes a reality. After $1.63 actual EPS reported by Spirit AeroSystems Holdings, Inc. for the previous quarter, Wall Street now forecasts 2.45 % EPS growth.

Darsana Capital Partners Lp holds 16.12% of its portfolio in Spirit AeroSystems Holdings, Inc. for 6.00 million shares. Hound Partners Llc owns 6.10 million shares or 12.54% of their US portfolio. Moreover, Marble Arch Investments Lp has 6.71% invested in the company for 64,300 shares. The New York-based Newtyn Management Llc has invested 4.42% in the stock. Valueworks Llc, a New York-based fund reported 73,210 shares.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Ratings Coverage

Ratings analysis reveals 67% of Spirit AeroSystems’s analysts are positive. Out of 9 Wall Street analysts rating Spirit AeroSystems, 6 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $8000 while the high is $11000. The stock’s average target of $101.22 is 9.37% above today’s ($92.55) share price. SPR was included in 10 notes of analysts from April 6, 2018. The company was maintained on Thursday, September 13 by Canaccord Genuity. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) earned “Outperform” rating by Credit Suisse on Thursday, August 2. The company was maintained on Thursday, September 13 by Barclays Capital. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) earned “Buy” rating by Canaccord Genuity on Thursday, May 3. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, July 12. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has “Sell” rating given on Friday, April 6 by RBC Capital Markets. The rating was maintained by Seaport Global on Friday, April 20 with “Buy”. The rating was maintained by Bank of America with “Neutral” on Thursday, August 2. SunTrust maintained Spirit AeroSystems Holdings, Inc. (NYSE:SPR) on Monday, April 23 with “Hold” rating.

More notable recent Spirit AeroSystems Holdings, Inc. (NYSE:SPR) news were published by: Bizjournals.com which released: “Boeing Roundup: $2.4B Air Force helicopter deal… 737 production plan raised to 63 per month” on September 25, 2018, also Bizjournals.com with their article: “Spirit AeroSystems stock jumps on reported plans for increased 737 output” published on September 19, 2018, Seekingalpha.com published: “Spirit AeroSystems: An Attractive Manufacturing Play” on September 17, 2018. More interesting news about Spirit AeroSystems Holdings, Inc. (NYSE:SPR) were released by: Bizjournals.com and their article: “Report: Airbus closing in on commercial chief as new CEO” published on September 28, 2018 as well as Seekingalpha.com‘s news article titled: “Spirit trims EPS, ups revenue guidance” with publication date: September 12, 2018.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Institutional Positions Chart

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