Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. lessened its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.0% in the second quarter, Holdings Channel.com reports. The firm owned 650,473 shares of the aerospace company’s stock after selling 6,708 shares during the period. Spirit AeroSystems comprises 3.3% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 12th largest holding. Penn Davis Mcfarland Inc.’s holdings in Spirit AeroSystems were worth $21,381,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Raymond James & Associates acquired a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $569,000. Raymond James Financial Services Advisors Inc. acquired a new position in Spirit AeroSystems in the fourth quarter worth $336,000. Cerity Partners LLC bought a new stake in Spirit AeroSystems during the fourth quarter valued at $953,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Spirit AeroSystems by 12.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,267 shares of the aerospace company’s stock worth $771,000 after purchasing an additional 2,751 shares during the period. Finally, CWM LLC lifted its position in shares of Spirit AeroSystems by 7.7% in the 4th quarter. CWM LLC now owns 7,516 shares of the aerospace company’s stock worth $239,000 after buying an additional 537 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Trading Down 0.7 %

SPR stock traded down $0.24 during trading hours on Monday, hitting $35.03. 339,201 shares of the stock traded hands, compared to its average volume of 3,588,191. The stock has a 50-day simple moving average of $33.65 and a 200 day simple moving average of $32.50. The company has a market cap of $4.08 billion, a P/E ratio of -4.06 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a one year low of $14.65 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Monday, August 5th. The aerospace company reported ($2.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company earned ($1.46) earnings per share. Spirit AeroSystems’s revenue was up 9.3% on a year-over-year basis. Analysts forecast that Spirit AeroSystems Holdings, Inc. will post -4.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SPR shares. UBS Group boosted their price objective on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, July 1st. Royal Bank of Canada raised their price target on Spirit AeroSystems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 8th. Barclays restated an “equal weight” rating and set a $37.00 price objective (down previously from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 3rd. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Monday, August 12th. They issued a “sell” rating on the stock. Finally, Wolfe Research reissued a “peer perform” rating on shares of Spirit AeroSystems in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Spirit AeroSystems presently has a consensus rating of “Hold” and an average price target of $33.60.

Spirit AeroSystems Company 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.