JPMorgan Chase & Co. Raises Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

JPMorgan Chase & Co. increased its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 32.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 462,837 shares of the aerospace company’s stock after acquiring an additional 112,286 shares during the period. JPMorgan Chase & Co.’s holdings in Spirit AeroSystems were worth $15,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Waldron Private Wealth LLC purchased a new position in Spirit AeroSystems in the third quarter valued at $32,000. Quest Partners LLC purchased a new stake in shares of Spirit AeroSystems in the third quarter valued at approximately $49,000. Quarry LP increased 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 worth $75,000 after buying an additional 751 shares in the last quarter. KBC Group NV boosted its stake 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 purchasing an additional 771 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Spirit AeroSystems during the 2nd quarter valued at about $207,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Price Performance

Shares of NYSE SPR opened at $34.25 on Friday. Spirit AeroSystems Holdings, Inc. has a 1 year low of $25.16 and a 1 year 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 business has a 50-day moving average of $32.59 and a two-hundred day moving average of $33.29.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. As a group, equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post -12.64 earnings per share for the current year.

Wall Street Analyst Weigh In

SPR has been the subject of several analyst reports. StockNews.com began coverage on Spirit AeroSystems in a report on Saturday. They issued a “sell” rating for the company. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.67.

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.