Market Runner: Spirit Aerosystems Holdings Inc (NYSE:SPR) Institutional Investors Sentiment

December 1, 2016 - By Marguerite Chambers   ·   0 Comments

Market Runner: Spirit Aerosystems Holdings Inc (NYSE:SPR) Institutional Investors Sentiment

Sentiment for Spirit Aerosystems Holdings Inc (NYSE:SPR)

Spirit Aerosystems Holdings Inc (NYSE:SPR) institutional sentiment decreased to 0.77 in 2016 Q2. Its down -0.09, from 0.86 in 2016Q1. The ratio has dropped, as 131 funds increased or started new positions, while 152 sold and reduced their positions in Spirit Aerosystems Holdings Inc. The funds in our partner’s database now hold: 127.03 million shares, down from 134.49 million shares in 2016Q1. Also, the number of funds holding Spirit Aerosystems Holdings Inc in their top 10 positions was flat from 8 to 8 for the same number . Sold All: 37 Reduced: 115 Increased: 93 New Position: 38.

Spirit AeroSystems Holdings, Inc. is a non-original equipment maker aircraft parts designer and maker of commercial aero-structures. The company has a market cap of $7.04 billion. The Firm is a supplier of aero-structures to The Boeing Company (Boeing) and Airbus S.A.S (Airbus). It has a 15.32 P/E ratio. The Firm operates through three divisions: Fuselage Systems, Propulsion Systems and Wing Systems.

The stock decreased 0.05% or $0.03 on November 30, hitting $58.25. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 18.93% since April 28, 2016 and is uptrending. It has outperformed by 13.00% the S&P500.

Analysts await Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report earnings on February, 1. They expect $1.03 EPS, up 8.42% or $0.08 from last year’s $0.95 per share. SPR’s profit will be $124.48 million for 14.14 P/E if the $1.03 EPS becomes a reality. After $1.16 actual EPS reported by Spirit AeroSystems Holdings, Inc. for the previous quarter, Wall Street now forecasts -11.21% negative EPS growth.

According to Zacks Investment Research, “SPIRIT AEROSYSTEMS is the world’s largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England. In the U.S., Spirit’s core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America and Europe. Spirit Europe produces wing components for a host of customers, including Airbus.”

Newtyn Management Llc holds 13.66% of its portfolio in Spirit AeroSystems Holdings, Inc. for 1.65 million shares. Hound Partners Llc owns 10.71 million shares or 12.26% of their US portfolio. Moreover, Darsana Capital Partners Lp has 11.74% invested in the company for 5.25 million shares. The New York-based Marble Arch Investments Lp has invested 8.2% in the stock. Aristotle Fund L.P., a Maine-based fund reported 84,000 shares.#img1#

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

Ratings analysis reveals 50% of Spirit Aerosystems’s analysts are positive. Out of 12 Wall Street analysts rating Spirit Aerosystems, 6 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $39 while the high is $62. The stock’s average target of $52.13 is -10.51% below today’s ($58.25) share price. SPR was included in 19 notes of analysts from July 30, 2015. The rating was maintained by Deutsche Bank with “Hold” on Monday, July 11. Bank of America downgraded Spirit AeroSystems Holdings, Inc. (NYSE:SPR) on Wednesday, April 20 to “Neutral” rating. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) earned “Outperform” rating by Credit Suisse on Friday, January 15. The rating was downgraded by UBS on Friday, February 19 to “Neutral”. RBC Capital Markets maintained it with “Sector Perform” rating and $47 target price in Thursday, February 4 report. The rating was upgraded by Credit Suisse to “Outperform” on Monday, January 18. The stock has “Overweight” rating given by Morgan Stanley on Thursday, June 23. The firm has “Sector Perform” rating given on Thursday, July 30 by RBC Capital Markets. The stock has “Outperform” rating given by Bernstein on Tuesday, January 5. Buckingham Research upgraded the stock to “Neutral” rating in Thursday, June 9 report.

SPR Company Profile

Spirit AeroSystems Holdings, Inc., incorporated on February 7, 2005, is a non-original equipment maker (OEM) aircraft parts designer and maker of commercial aero-structures. The Firm is a supplier of aero-structures to The Boeing Company (Boeing) and Airbus S.A.S (Airbus). The Firm operates through three divisions: Fuselage Systems, Propulsion Systems and Wing Systems. The Firm makes aero-structures for Boeing commercial aircraft. The Firm is engaged in production, including airframe content for the Boeing B737. In addition, it is a content supplier of wing systems for the Airbus A320 family. It is a supplier for the Airbus A380 and Airbus A350 XWB (Xtra Wide-Body).

More important recent Spirit AeroSystems Holdings, Inc. (NYSE:SPR) news were published by: Wsj.com which released: “Spirit AeroSystems Names Tom Gentile CEO” on June 08, 2016, also Prnewswire.com published article titled: “Spirit AeroSystems Holdings, Inc., Reports Second Quarter 2016 Financial …”, Prnewswire.com published: “Spirit AeroSystems Holdings, Inc. Reports Fourth Quarter and Full-Year 2015 …” on February 03, 2016. More interesting news about Spirit AeroSystems Holdings, Inc. (NYSE:SPR) was released by: Prnewswire.com and their article: “Spirit AeroSystems to Release Third Quarter 2016 Financial Results November 1” with publication date: October 18, 2016.

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By Marguerite Chambers


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