D Orazio & Associates Inc. Boosts Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

D Orazio & Associates Inc. boosted its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,474 shares of the aerospace company’s stock after buying an additional 6,120 shares during the period. D Orazio & Associates Inc.’s holdings in Spirit AeroSystems were worth $1,283,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. V2 Financial group LLC increased its stake in Spirit AeroSystems by 13.1% during the 3rd quarter. V2 Financial group LLC now owns 13,095 shares of the aerospace company’s stock worth $426,000 after buying an additional 1,513 shares in the last quarter. Entropy Technologies LP grew its position in shares of Spirit AeroSystems by 113.2% in the third quarter. Entropy Technologies LP now owns 15,169 shares of the aerospace company’s stock valued at $493,000 after purchasing an additional 8,055 shares in the last quarter. Olympiad Research LP purchased a new stake in shares of Spirit AeroSystems in the third quarter valued at approximately $987,000. Pinnacle Associates Ltd. purchased a new stake in shares of Spirit AeroSystems in the third quarter valued at approximately $6,349,000. Finally, International Assets Investment Management LLC grew its position in shares of Spirit AeroSystems by 180,792.9% in the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock valued at $779,000 after purchasing an additional 25,311 shares in the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Up 0.5 %

NYSE:SPR traded up $0.15 during trading hours on Wednesday, reaching $31.19. 274,191 shares of the stock were exchanged, compared to its average volume of 3,037,723. The business has a 50-day moving average of $32.48 and a two-hundred day moving average of $32.81. Spirit AeroSystems Holdings, Inc. has a twelve month low of $24.11 and a twelve month high of $37.08. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of -2.51 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.83 billion. On average, research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -12.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Susquehanna restated a “neutral” rating and issued a $37.00 price target (down from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 17th. Truist Financial upped their price target on Spirit AeroSystems from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. StockNews.com assumed coverage on Spirit AeroSystems in a research report on Friday, November 8th. They issued a “sell” rating for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.67.

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.