Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Stake Raised by Gabelli Funds LLC

Gabelli Funds LLC grew its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 232.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,995 shares of the aerospace company’s stock after purchasing an additional 121,595 shares during the period. Gabelli Funds LLC owned about 0.15% of Spirit AeroSystems worth $5,719,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Spirit AeroSystems by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock worth $395,128,000 after purchasing an additional 109,632 shares in the last quarter. Pentwater Capital Management LP increased its holdings in Spirit AeroSystems by 18,132.0% in the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock worth $296,356,000 after buying an additional 9,066,000 shares during the last quarter. Steadfast Capital Management LP raised its position in Spirit AeroSystems by 1,274.6% during the first quarter. Steadfast Capital Management LP now owns 4,714,874 shares of the aerospace company’s stock valued at $170,066,000 after acquiring an additional 4,371,874 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its stake in Spirit AeroSystems by 7.2% in the first quarter. Maple Rock Capital Partners Inc. now owns 4,423,000 shares of the aerospace company’s stock valued at $159,538,000 after acquiring an additional 296,000 shares during the last quarter. Finally, Sei Investments Co. grew its position in Spirit AeroSystems by 39.3% in the fourth quarter. Sei Investments Co. now owns 1,965,370 shares of the aerospace company’s stock worth $62,459,000 after acquiring an additional 554,666 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Trading Down 0.8 %

Shares of Spirit AeroSystems stock opened at $33.22 on Wednesday. The firm’s 50-day simple moving average is $34.35 and its 200-day simple moving average is $33.19. Spirit AeroSystems Holdings, Inc. has a twelve month low of $14.89 and a twelve month high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.98) by ($1.75). The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the business earned ($1.46) EPS. Spirit AeroSystems’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post -5.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPR has been the subject of several analyst reports. Truist Financial lifted their price objective on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Barclays reaffirmed an “equal weight” rating and issued a $37.00 price target (down previously from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 3rd. Wolfe Research reissued a “peer perform” rating on shares of Spirit AeroSystems in a report on Wednesday, July 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $37.00 target price (up previously from $36.00) on shares of Spirit AeroSystems in a report on Monday, July 8th. Finally, StockNews.com began coverage on Spirit AeroSystems in a research note on Saturday. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.