According to the most recent Form 13F filing that the company made with the Securities and Exchange Commission, Harbor Investment Advisory LLC made a new investment in Spirit AeroSystems Holdings, Inc. (NYSE: SPR) during the third quarter. The company provided this information. This information is included in the company’s filing, which can be accessed. The institutional investor spent close to $81,000 to purchase 3,600 shares of stock in the aerospace company. These shares were purchased with cash.
The amount of the company’s stock that hedge funds and other institutional investors held in their portfolios was recently adjusted due to recent market events. Exchange Traded Concepts LLC increased its holdings in Spirit AeroSystems during the third quarter, bringing the total value of its investment in the company to approximately $32,000 at the end of the period. Byrne Asset Management LLC successfully increased 184.2% in the proportion of Spirit AeroSystems stock it owned over the third quarter. Byrne Asset Management LLC now has 1,876 shares in the aerospace business, having purchased an additional 1,216 shares during the most recent quarter for a total of 1,876. These shares are currently worth $41,000, which is their value as of right now. During the second quarter, Captrust Financial Advisors was able to bring the total amount of Spirit AeroSystems stock they owned to a level that was 57.7% higher than before. Captrust Financial Advisors now directly owns a total of 2,169 shares in the company with a value of $64,000 after purchasing an additional 794 shares in the aerospace company during the most recent quarter. This brings the total number of shares directly owned by Captrust Financial Advisors to 2,169. During the third quarter, Americas Securities LLC made a new investment in Spirit AeroSystems by contributing somewhere in the neighborhood of 101 thousand dollars. Last but not least, Counterpoint Mutual Funds LLC invested approximately 126,000 dollars in acquiring a new holding in Spirit AeroSystems during the second quarter. The majority of the stock in the company is held by institutional investors, which accounts for 85.82% of the total.
The NYSE Specialty Products Region opened for trading on Tuesday at $34.39 per share. At its 52-week low point, Spirit AeroSystems Holdings, Inc. was trading at $21.14, while the company reached its 52-week high of $53.31 during the same period. A debt-to-equity ratio comes in at 15.16; a quick ratio comes in at 0.79; a current ratio comes in at 1.42; and a quick ratio comes in at 1.42. The company has a price-to-earnings ratio of -8.49, its market capitalization is $3.62 billion, its price-to-earnings-to-growth ratio is 8.73, and its beta is 1.64. The price-to-earnings ratio measures how closely a stock’s price tracks its earnings per share. The share price is currently trading at $28.50, and both the stock’s 50-day and 200-day moving averages are currently sitting at $28.57, respectively.
On November 3 of this year, Spirit AeroSystems (NYSE: SPR) released its most recent quarterly earnings report. The aerospace company reported earnings per share (EPS) of $0.15 for the quarter, which was $0.24 more than the consensus estimate of $0.39 made by market analysts. Spirit AeroSystems had a net margin in the red by 8.85 percent, and their equity return was also in the red, coming in at 89.5 percent. The company’s sales for the quarter came in at $1.28 billion, which is lower than the industry’s estimated $1.32 billion. The company’s earnings per share were $1.13 when measured against the same period in the previous year’s financial results. Compared to the same quarter in the previous year, the increase in revenue was 30.3% higher than expected. According to the forecasts of equity research analysts, Spirit AeroSystems Holdings, Inc. will end the current fiscal year with a loss of 1.8 cents per share.
Several analyst studies relating to SPR have been compiled as part of this work. In a research note published on Friday, November 4, Robert W. Baird lowered their price target on Spirit AeroSystems from $43.00 to $29.00 and downgraded the company from “outperforming” to “neutral.” According to the research note published by Bank of America (BofA) on November 9, 2018, the company Spirit AeroSystems received the rating of “underperform,” a rating of underperformance. In a research note that was published on November 7, Goldman Sachs Group announced that it had lowered its “buy” rating and price objective on shares of Spirit AeroSystems to $43.00 and $49.00, re