Zurcher Kantonalbank Zurich Cantonalbank Buys 2,751 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 12.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,267 shares of the aerospace company’s stock after acquiring an additional 2,751 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Spirit AeroSystems were worth $771,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SPR. CWM LLC grew its position in Spirit AeroSystems by 71.3% during the 3rd quarter. CWM LLC now owns 6,979 shares of the aerospace company’s stock worth $113,000 after acquiring an additional 2,904 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Spirit AeroSystems by 12.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,757 shares of the aerospace company’s stock worth $206,000 after purchasing an additional 1,405 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in Spirit AeroSystems by 67.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 200,123 shares of the aerospace company’s stock worth $3,230,000 after acquiring an additional 80,833 shares during the last quarter. Inspire Investing LLC increased its position in Spirit AeroSystems by 77.4% in the 3rd quarter. Inspire Investing LLC now owns 19,084 shares of the aerospace company’s stock valued at $308,000 after acquiring an additional 8,327 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Spirit AeroSystems in the 3rd quarter valued at approximately $108,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SPR. Stifel Nicolaus boosted their price objective on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Citigroup started coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They issued a “buy” rating and a $39.00 price objective on the stock. Susquehanna increased their target price on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, April 12th. StockNews.com upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.39.

Spirit AeroSystems Trading Up 0.3 %

SPR opened at $32.59 on Tuesday. The company has a fifty day moving average price of $33.07 and a two-hundred day moving average price of $29.08. Spirit AeroSystems Holdings, Inc. has a 1-year low of $14.65 and a 1-year high of $36.34. The company has a market cap of $3.78 billion, a P/E ratio of -5.38, a price-to-earnings-growth ratio of 25.45 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results 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 analyst estimates of $1.74 billion. During the same period last year, the firm earned ($1.46) earnings per share. Spirit AeroSystems’s quarterly revenue was up 37.3% compared to the same quarter last year. On average, research analysts forecast that Spirit AeroSystems Holdings, Inc. will post 0.15 EPS 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.