Hodges Capital Management Inc. Has $811,000 Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Hodges Capital Management Inc. increased its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 23.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,901 shares of the aerospace company’s stock after purchasing an additional 8,151 shares during the quarter. Hodges Capital Management Inc.’s holdings in Spirit AeroSystems were worth $811,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SPR. Private Advisor Group LLC acquired a new stake in Spirit AeroSystems in the 2nd quarter valued at about $31,000. CWM LLC increased its position in Spirit AeroSystems by 575.2% in the 2nd quarter. CWM LLC now owns 2,012 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 1,714 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in Spirit AeroSystems by 2,873.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,973 shares of the aerospace company’s stock valued at $71,000 after acquiring an additional 2,873 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Spirit AeroSystems by 3,795.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,051 shares of the aerospace company’s stock valued at $97,000 after acquiring an additional 3,947 shares in the last quarter. Finally, Quantum Capital Management increased its position in Spirit AeroSystems by 40.3% in the 2nd quarter. Quantum Capital Management now owns 4,069 shares of the aerospace company’s stock valued at $97,000 after acquiring an additional 1,168 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Spirit AeroSystems stock opened at $19.23 on Friday. The company’s 50 day simple moving average is $19.93 and its 200 day simple moving average is $21.79. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $13.69 and a fifty-two week high of $92.81. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -9.07 and a beta of 1.39. The company has a debt-to-equity ratio of 2.40, a current ratio of 2.71 and a quick ratio of 1.86.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Tuesday, August 4th. The aerospace company reported ($2.28) earnings per share for the quarter, missing the consensus estimate of ($1.19) by ($1.09). Spirit AeroSystems had a negative return on equity of 6.11% and a negative net margin of 3.93%. The firm had revenue of $645.00 million for the quarter, compared to the consensus estimate of $782.03 million. During the same period in the previous year, the business earned $1.71 EPS. The firm’s revenue was down 68.0% compared to the same quarter last year. As a group, analysts predict that Spirit AeroSystems Holdings, Inc. will post -4.6 EPS for the current fiscal year.

SPR has been the subject of several research reports. Canaccord Genuity lowered their price objective on shares of Spirit AeroSystems from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Wolfe Research upgraded shares of Spirit AeroSystems from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 24th. Sanford C. Bernstein lowered shares of Spirit AeroSystems from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $40.00 to $26.00 in a research note on Wednesday, July 8th. ValuEngine raised shares of Spirit AeroSystems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 1st. Finally, Morgan Stanley initiated coverage on shares of Spirit AeroSystems in a research note on Tuesday, September 8th. They issued an “underweight” rating and a $18.00 target price on the stock. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Spirit AeroSystems has an average rating of “Hold” and an average target price of $32.24.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and related spares, as well as maintenance, repairs, and overhaul (MRO) services.

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

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