Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Position Boosted by Sei Investments Co.

Sei Investments Co. increased its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,686,945 shares of the aerospace company’s stock after purchasing an additional 88,608 shares during the quarter. Sei Investments Co. owned 1.45% of Spirit AeroSystems worth $55,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Spirit AeroSystems in the first quarter valued at $25,000. Principal Securities Inc. acquired a new stake in shares of Spirit AeroSystems during the fourth quarter worth $26,000. Byrne Asset Management LLC purchased a new stake in shares of Spirit AeroSystems during the second quarter valued at $30,000. Riverview Trust Co acquired a new position in shares of Spirit AeroSystems in the 1st quarter valued at $35,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Spirit AeroSystems by 148.7% during 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 in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Performance

SPR opened at $33.12 on Monday. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of -3.81 and a beta of 1.85. The firm’s 50-day simple moving average is $34.43 and its 200-day simple moving average is $33.23. Spirit AeroSystems Holdings, Inc. has a twelve month low of $14.65 and a twelve month high of $37.08.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results 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 company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.57 billion. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned ($1.46) earnings per share. As a group, sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -4.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on SPR shares. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. Benchmark reaffirmed a “hold” rating on shares of Spirit AeroSystems in a research note on Thursday, June 20th. StockNews.com initiated coverage on Spirit AeroSystems in a report on Saturday. They issued a “sell” rating on the stock. Stifel Nicolaus raised their price target on shares of Spirit AeroSystems from $34.00 to $37.25 and gave the stock a “hold” rating in a report on Monday, July 8th. Finally, Citigroup reiterated a “neutral” rating and issued a $37.25 price objective (down previously from $39.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned 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 $35.38.

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.