11,217 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Purchased by Brookstone Capital Management

Brookstone Capital Management purchased a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,217 shares of the aerospace company’s stock, valued at approximately $405,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in shares of Spirit AeroSystems by 36.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 531,141 shares of the aerospace company’s stock worth $8,573,000 after purchasing an additional 141,061 shares during the last quarter. Invesco Ltd. increased its position in Spirit AeroSystems by 3.1% in the third quarter. Invesco Ltd. now owns 644,950 shares of the aerospace company’s stock worth $10,409,000 after buying an additional 19,515 shares during the last quarter. Quadrature Capital Ltd raised its stake in shares of Spirit AeroSystems by 703.0% in the third quarter. Quadrature Capital Ltd now owns 118,894 shares of the aerospace company’s stock valued at $1,919,000 after buying an additional 104,087 shares during the period. AQR Capital Management LLC purchased a new position in shares of Spirit AeroSystems during the 3rd quarter valued at $6,748,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Spirit AeroSystems by 4.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 23,604 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 960 shares during the period. Institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Royal Bank of Canada upped their price objective on shares of Spirit AeroSystems from $33.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, May 8th. The Goldman Sachs Group upped their price target on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. StockNews.com lowered shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Benchmark restated a “hold” rating on shares of Spirit AeroSystems in a research report on Thursday, June 20th. Finally, Stifel Nicolaus lifted their price target on Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.89.

Spirit AeroSystems Stock Performance

Shares of NYSE:SPR opened at $33.97 on Tuesday. The firm has a fifty day moving average of $31.32 and a 200 day moving average of $31.18. Spirit AeroSystems Holdings, Inc. has a 52-week low of $14.65 and a 52-week high of $36.34. The firm has a market capitalization of $3.96 billion, a PE ratio of -3.91 and a beta of 1.80.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.62 billion. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.69) EPS. On average, sell-side analysts forecast that Spirit AeroSystems Holdings, Inc. will post -2.94 EPS for the current fiscal year.

Spirit AeroSystems Profile

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.