Commonwealth Equity Services LLC Acquires 10,185 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Commonwealth Equity Services LLC lifted its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Rating) by 11.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,783 shares of the aerospace company’s stock after purchasing an additional 10,185 shares during the quarter. Commonwealth Equity Services LLC owned 0.10% of Spirit AeroSystems worth $2,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPR. Fisher Asset Management LLC raised its holdings in Spirit AeroSystems by 54.7% in 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 in the last quarter. Treasurer of the State of North Carolina increased its position 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 period. Macquarie Group Ltd. raised its stake in Spirit AeroSystems by 30.5% in the third quarter. Macquarie Group Ltd. now owns 63,505 shares of the aerospace company’s stock valued at $1,411,000 after purchasing an additional 14,829 shares in the last quarter. PDT Partners LLC lifted its position in Spirit AeroSystems by 112.2% during the third quarter. PDT Partners LLC now owns 24,191 shares of the aerospace company’s stock worth $530,000 after purchasing an additional 12,790 shares during the period. Finally, Cornerstone Investment Partners LLC grew its stake in Spirit AeroSystems by 37.3% during the third quarter. Cornerstone Investment Partners LLC now owns 9,644 shares of the aerospace company’s stock worth $211,000 after buying an additional 2,619 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Performance

NYSE SPR opened at $31.71 on Monday. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of -6.07 and a beta of 1.65. 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 stock has a fifty day simple moving average of $34.14 and a 200 day simple moving average of $29.14.

Spirit AeroSystems (NYSE:SPR – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The aerospace company reported ($1.46) earnings per share (EPS) 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 company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the business earned ($0.84) earnings per share. Spirit AeroSystems’s revenue was up 23.4% compared to the same quarter last year. Sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -0.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SPR. Susquehanna upped their price target 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. Sanford C. Bernstein cut Spirit AeroSystems from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $46.00 to $38.00 in a report on Wednesday, March 1st. Truist Financial raised their price objective on Spirit AeroSystems from $39.00 to $42.00 in a research note on Monday, January 9th. Barclays boosted their target price on Spirit AeroSystems from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, February 13th. Finally, Royal Bank of Canada downgraded shares of Spirit AeroSystems from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $38.00 to $36.00 in a research note on Friday, February 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.