Natixis Advisors LLC Acquires 22,093 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Natixis Advisors LLC increased its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 13.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,222 shares of the aerospace company’s stock after acquiring an additional 22,093 shares during the quarter. Natixis Advisors LLC owned approximately 0.16% of Spirit AeroSystems worth $6,187,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Spirit AeroSystems during the first quarter worth $25,000. Principal Securities Inc. bought a new stake in shares of Spirit AeroSystems in the fourth quarter valued at $26,000. Byrne Asset Management LLC bought a new stake in shares of Spirit AeroSystems in the second quarter valued at $30,000. Riverview Trust Co bought a new stake in shares of Spirit AeroSystems in the first quarter valued at $35,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after buying an additional 724 shares during the period. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Trading Down 2.5 %

SPR opened at $32.85 on Friday. The stock has a 50-day moving average price of $34.62 and a 200-day moving average price of $33.03. Spirit AeroSystems Holdings, Inc. has a 12-month low of $14.65 and a 12-month high of $37.08. The stock has a market capitalization of $3.83 billion, a P/E ratio of -3.78 and a beta of 1.85.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Monday, August 5th. The aerospace company reported ($2.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.98) by ($1.75). The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the firm earned ($1.46) EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -4.21 EPS for the current year.

Analyst Ratings Changes

SPR has been the topic of several research reports. Truist Financial boosted their target price on Spirit AeroSystems from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. Wolfe Research restated a “peer perform” rating on shares of Spirit AeroSystems in a research note on Wednesday, July 10th. Sanford C. Bernstein restated a “market perform” rating on shares of Spirit AeroSystems in a research note on Monday, July 8th. Finally, Baird R W cut Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.38.

Spirit AeroSystems Company 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.