Inspire Investing LLC Boosts Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Inspire Investing LLC boosted its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,689 shares of the aerospace company’s stock after buying an additional 643 shares during the period. Inspire Investing LLC’s holdings in Spirit AeroSystems were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPR. Seven Eight Capital LP acquired a new stake in Spirit AeroSystems in the fourth quarter valued at $5,694,000. Vanguard Group Inc. lifted its holdings in Spirit AeroSystems by 1.0% in the first quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after acquiring an additional 109,632 shares during the period. Norges Bank acquired a new stake in Spirit AeroSystems in the fourth quarter valued at $62,432,000. Boulder Hill Capital Management LP acquired a new stake in Spirit AeroSystems in the fourth quarter valued at $791,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in 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 acquiring an additional 724 shares during the period. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit AeroSystems Price Performance

SPR opened at $33.47 on Tuesday. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -3.85 and a beta of 1.85. The business has a 50-day moving average of $34.41 and a two-hundred day moving average of $33.21. Spirit AeroSystems Holdings, Inc. has a 12 month low of $14.89 and a 12 month high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) EPS for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.57 billion. Spirit AeroSystems’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business earned ($1.46) EPS. Equities research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -4.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on SPR. Stifel Nicolaus raised their target price on Spirit AeroSystems from $34.00 to $37.25 and gave the company a “hold” rating in a report on Monday, July 8th. Citigroup reissued a “neutral” rating and issued a $37.25 target price (down previously from $39.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. Benchmark reiterated a “hold” rating on shares of Spirit AeroSystems in a research report on Thursday, June 20th. Sanford C. Bernstein restated a “market perform” rating on shares of Spirit AeroSystems in a report on Monday, July 8th. Finally, Baird R W cut shares of Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.38.

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.