Tower Research Capital LLC TRC Purchases 8,590 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Tower Research Capital LLC TRC boosted its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Rating) by 529.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,212 shares of the aerospace company’s stock after purchasing an additional 8,590 shares during the period. Tower Research Capital LLC TRC’s holdings in Spirit AeroSystems were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SPR. Fisher Asset Management LLC boosted its holdings in Spirit AeroSystems by 54.7% during the 3rd quarter. Fisher Asset Management LLC now owns 79,426 shares of the aerospace company’s stock valued at $1,741,000 after acquiring an additional 28,097 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Spirit AeroSystems by 1.3% in the third quarter. Treasurer of the State of North Carolina now owns 44,722 shares of the aerospace company’s stock worth $980,000 after purchasing an additional 580 shares during the last quarter. Cornerstone Investment Partners LLC lifted its holdings in Spirit AeroSystems by 37.3% during the 3rd quarter. Cornerstone Investment Partners LLC now owns 9,644 shares of the aerospace company’s stock valued at $211,000 after buying an additional 2,619 shares in the last quarter. Jennison Associates LLC boosted its position in Spirit AeroSystems by 33.0% in the 3rd quarter. Jennison Associates LLC now owns 1,282,101 shares of the aerospace company’s stock valued at $28,104,000 after buying an additional 318,456 shares during the period. Finally, Cerity Partners LLC grew its stake in Spirit AeroSystems by 4.8% in the 2nd quarter. Cerity Partners LLC now owns 35,641 shares of the aerospace company’s stock worth $1,044,000 after acquiring an additional 1,636 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

Spirit AeroSystems Price Performance

Shares of SPR opened at $34.30 on Monday. The company has a 50 day moving average of $33.73 and a two-hundred day moving average of $29.10. The company has a quick ratio of 0.86, a current ratio of 1.62 and a debt-to-equity ratio of 15.16. Spirit AeroSystems Holdings, Inc. has a twelve month low of $21.14 and a twelve month high of $50.37. The company has a market cap of $3.61 billion, a price-to-earnings ratio of -6.57 and a beta of 1.65.

Spirit AeroSystems (NYSE:SPR – Get Rating) last posted its quarterly earnings data on Tuesday, February 7th. The aerospace company reported ($1.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($1.15). Spirit AeroSystems had a negative return on equity of 365.67% and a negative net margin of 10.85%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business earned ($0.84) EPS. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, analysts predict that Spirit AeroSystems Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

SPR has been the subject of a number of research reports. Bank of America lowered Spirit AeroSystems from a “buy” rating to an “underperform” rating and lowered their price target for the company from $49.00 to $26.00 in a report on Friday, November 11th. Morgan Stanley dropped their price target on Spirit AeroSystems from $35.00 to $27.00 and set an “underweight” rating on the stock in a research report on Monday, November 7th. Truist Financial lifted their price objective on Spirit AeroSystems from $39.00 to $42.00 in a report on Monday, January 9th. Susquehanna increased their target price on shares of Spirit AeroSystems from $40.00 to $44.00 and gave the stock a “positive” rating in a report on Wednesday, February 8th. Finally, Wolfe Research upgraded shares of Spirit AeroSystems from an “underperform” rating to a “peer perform” rating in a report on Monday, November 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $38.17.

Spirit AeroSystems Profile

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Spirit AeroSystems Holdings, Inc engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats and wing structures.