Raymond James & Associates Purchases New Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Raymond James & Associates purchased a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,903 shares of the aerospace company’s stock, valued at approximately $569,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Spirit AeroSystems by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 9,968,180 shares of the aerospace company’s stock valued at $160,886,000 after purchasing an additional 51,387 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Spirit AeroSystems by 5.0% in the 3rd quarter. Earnest Partners LLC now owns 4,401,341 shares of the aerospace company’s stock valued at $71,038,000 after purchasing an additional 209,531 shares in the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of Spirit AeroSystems by 8.2% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 2,869,900 shares of the aerospace company’s stock valued at $46,320,000 after purchasing an additional 216,900 shares in the last quarter. Sei Investments Co. increased its stake in Spirit AeroSystems by 12.7% during the 3rd quarter. Sei Investments Co. now owns 1,410,704 shares of the aerospace company’s stock worth $22,769,000 after buying an additional 159,034 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Spirit AeroSystems during the 3rd quarter worth approximately $22,186,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on SPR. KeyCorp began coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They set a “sector weight” rating for the company. StockNews.com upgraded Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Citigroup began coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They set a “buy” rating and a $39.00 price objective for the company. TD Cowen upgraded Spirit AeroSystems from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $27.00 to $35.00 in a research note on Thursday, February 8th. Finally, Susquehanna boosted their price objective on Spirit AeroSystems from $33.00 to $40.00 and gave the stock a “positive” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Spirit AeroSystems has a consensus rating of “Hold” and an average price target of $31.39.

Spirit AeroSystems Stock Performance

SPR opened at $31.80 on Friday. Spirit AeroSystems Holdings, Inc. has a one year low of $14.65 and a one year high of $36.34. The stock has a market capitalization of $3.69 billion, a PE ratio of -5.25, a P/E/G ratio of 25.17 and a beta of 1.77. The business’s 50 day moving average price is $32.98 and its 200 day moving average price is $28.70.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company earned ($1.46) EPS. The business’s revenue was up 37.3% compared to the same quarter last year. As a group, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Spirit AeroSystems 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.