Waldron Private Wealth LLC Makes New Investment in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Waldron Private Wealth LLC acquired a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 996 shares of the aerospace company’s stock, valued at approximately $32,000.

Several other large investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Spirit AeroSystems during the first quarter valued at $25,000. Byrne Asset Management LLC acquired a new position in shares of Spirit AeroSystems in the 2nd quarter valued at about $30,000. Allspring Global Investments Holdings LLC boosted its position in shares of Spirit AeroSystems by 148.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 724 shares in the last quarter. Manchester Capital Management LLC grew its stake in Spirit AeroSystems by 586.2% during the first quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 1,659 shares during the period. Finally, Quarry LP increased its holdings in Spirit AeroSystems by 49.0% in the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after purchasing an additional 751 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Trading Down 3.1 %

NYSE:SPR opened at $31.65 on Friday. The firm’s 50 day moving average is $33.25 and its 200 day moving average is $32.93. Spirit AeroSystems Holdings, Inc. has a 12 month low of $20.98 and a 12 month high of $37.08. The stock has a market capitalization of $3.69 billion, a PE ratio of -3.08 and a beta of 1.85.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) 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 quarter in the previous year, the company earned ($1.46) earnings per share. Spirit AeroSystems’s revenue was up 9.3% on a year-over-year basis. Research analysts predict that Spirit AeroSystems Holdings, Inc. will post -4.67 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on SPR shares. Robert W. Baird restated a “neutral” rating and set a $37.25 price target (up from $36.00) on shares of Spirit AeroSystems in a report on Friday, July 12th. Truist Financial raised their price target on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Stifel Nicolaus lifted their price target on shares of Spirit AeroSystems from $34.00 to $37.25 and gave the company a “hold” rating in a research note on Monday, July 8th. 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. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Spirit AeroSystems in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.54.

About Spirit AeroSystems

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.