Ballentine Partners LLC bought a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,776 shares of the aerospace company’s stock, valued at approximately $231,000.
A number of other institutional investors have also modified their holdings of SPR. Waldron Private Wealth LLC acquired a new position in Spirit AeroSystems in the third quarter valued at $32,000. Quest Partners LLC acquired a new position in Spirit AeroSystems in the 3rd quarter valued at about $49,000. Quarry LP raised its stake in Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after acquiring an additional 751 shares during the last quarter. KBC Group NV lifted its position in Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after acquiring an additional 771 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Spirit AeroSystems in the 2nd quarter valued at approximately $207,000. 93.59% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have commented on SPR. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research report on Sunday, January 19th. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.67.
Spirit AeroSystems Stock Performance
Spirit AeroSystems stock opened at $34.23 on Friday. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $37.08. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -2.76 and a beta of 1.81. The stock has a fifty day moving average of $33.18 and a two-hundred day moving average of $33.33.
Spirit AeroSystems (NYSE:SPR – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 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.
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