Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC grew its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,035 shares of the aerospace company’s stock after purchasing an additional 464 shares during the period. HB Wealth Management LLC’s holdings in Spirit AeroSystems were worth $478,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC acquired a new stake in shares of Spirit AeroSystems in the third quarter worth approximately $6,748,000. Advisors Asset Management Inc. boosted its position in shares of Spirit AeroSystems by 4.2% in the third quarter. Advisors Asset Management Inc. now owns 23,604 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 960 shares during the last quarter. Fulton Bank N.A. acquired a new stake in shares of Spirit AeroSystems in the fourth quarter worth approximately $253,000. Aigen Investment Management LP acquired a new stake in shares of Spirit AeroSystems in the third quarter worth approximately $294,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of Spirit AeroSystems in the third quarter worth approximately $934,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPR has been the topic of several research analyst reports. Morgan Stanley decreased 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 research report on Wednesday, February 7th. Citigroup assumed coverage on shares of Spirit AeroSystems in a research report on Wednesday, January 17th. They set a “buy” rating and a $39.00 price target on the stock. Susquehanna lifted their price target on shares of Spirit AeroSystems from $32.00 to $33.00 and gave the company a “positive” rating in a research report on Wednesday, February 7th. KeyCorp assumed coverage on shares of Spirit AeroSystems in a research report on Wednesday, January 17th. They set a “sector weight” rating on the stock. Finally, StockNews.com raised shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. One 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 company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.94.

Spirit AeroSystems Trading Up 1.5 %

Shares of NYSE:SPR opened at $35.65 on Thursday. The company has a fifty day simple moving average of $30.52 and a 200 day simple moving average of $26.19. The firm has a market cap of $4.14 billion, a PE ratio of -5.88, a price-to-earnings-growth ratio of 11.26 and a beta of 1.74. Spirit AeroSystems Holdings, Inc. has a 12-month low of $14.65 and a 12-month high of $36.34.

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 business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Spirit AeroSystems’s revenue for the quarter was up 37.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.46) earnings per share. As a group, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post 0.36 EPS for the current fiscal year.

About Spirit AeroSystems

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.