HB Wealth Management LLC Purchases 464 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

HB Wealth Management LLC raised its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPRFree Report) by 3.2% in the fourth quarter, Holdings Channel reports. The fund owned 15,035 shares of the aerospace company’s stock after buying an additional 464 shares during the quarter. HB Wealth Management LLC’s holdings in Spirit AeroSystems were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SPR. SG Americas Securities LLC bought a new stake in Spirit AeroSystems during the 4th quarter valued at approximately $236,000. Fulton Bank N.A. bought a new position in Spirit AeroSystems in the 4th quarter worth approximately $253,000. Vanguard Group Inc. lifted its holdings in shares of Spirit AeroSystems by 0.5% during the third quarter. Vanguard Group Inc. now owns 9,968,180 shares of the aerospace company’s stock worth $160,886,000 after buying an additional 51,387 shares during the last quarter. Citigroup Inc. boosted its position in shares of Spirit AeroSystems by 22.9% in the third quarter. Citigroup Inc. now owns 122,263 shares of the aerospace company’s stock valued at $1,973,000 after acquiring an additional 22,755 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of Spirit AeroSystems in the third quarter worth $934,000. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Stock Performance

Shares of SPR opened at $35.65 on Thursday. The stock has a fifty day moving average price of $30.52 and a two-hundred day moving average price of $26.19. The company has a market cap of $4.14 billion, a price-to-earnings ratio of -5.88, a PEG ratio of 11.26 and a beta of 1.74. Spirit AeroSystems Holdings, Inc. has a 52-week low of $14.65 and a 52-week high of $36.34.

Spirit AeroSystems (NYSE:SPRGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.84). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. The firm’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same quarter last year, the business posted ($1.46) EPS. As a group, research analysts predict that Spirit AeroSystems Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. KeyCorp assumed coverage on shares of Spirit AeroSystems in a research note on Wednesday, January 17th. They set a “sector weight” rating for the company. Morgan Stanley cut their price objective on shares of Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Susquehanna lifted their target price on Spirit AeroSystems from $32.00 to $33.00 and gave the stock a “positive” rating in a research report on Wednesday, February 7th. Stifel Nicolaus upped their price target on Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Finally, Robert W. Baird upgraded Spirit AeroSystems from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $36.00 in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.94.

Check Out Our Latest Stock Report on Spirit AeroSystems

Spirit AeroSystems Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding SPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit AeroSystems Holdings, Inc. (NYSE:SPRFree Report).

Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

Receive News & Ratings for Spirit AeroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems and related companies with MarketBeat.com's FREE daily email newsletter.