Cwm LLC Grows Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Cwm LLC raised its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 7.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,516 shares of the aerospace company’s stock after purchasing an additional 537 shares during the period. Cwm LLC’s holdings in Spirit AeroSystems were worth $239,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPR. Assenagon Asset Management S.A. bought a new position in Spirit AeroSystems in the 3rd quarter valued at $22,186,000. Barclays PLC grew its holdings in shares of Spirit AeroSystems by 1,458.1% in the third quarter. Barclays PLC now owns 1,079,512 shares of the aerospace company’s stock worth $17,422,000 after purchasing an additional 1,010,226 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Spirit AeroSystems by 9,458.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 800,152 shares of the aerospace company’s stock worth $12,914,000 after buying an additional 791,781 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in Spirit AeroSystems by 779.5% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 878,108 shares of the aerospace company’s stock valued at $14,173,000 after buying an additional 778,267 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Spirit AeroSystems in the 3rd quarter valued at about $6,748,000. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Trading Down 0.2 %

NYSE:SPR opened at $32.94 on Friday. The company’s 50 day moving average is $33.26 and its two-hundred day moving average is $29.23. The company has a market cap of $3.82 billion, a PE ratio of -5.44, a P/E/G ratio of 25.12 and a beta of 1.79. Spirit AeroSystems Holdings, Inc. has a twelve month low of $14.65 and a twelve month high of $36.34.

Spirit AeroSystems (NYSE:SPR) last released its 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 during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the firm posted ($1.46) earnings per share. Spirit AeroSystems’s revenue for the quarter was up 37.3% compared to the same quarter last year. As a group, analysts expect that Spirit AeroSystems Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Spirit AeroSystems from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Morgan Stanley dropped their target price on shares of Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Stifel Nicolaus upped their price target on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, March 20th. TD Cowen upgraded shares of Spirit AeroSystems from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $27.00 to $35.00 in a research note on Thursday, February 8th. Finally, Susquehanna increased their target price on Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.39.

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.