Cerity Partners LLC Acquires New Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Cerity Partners LLC bought a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 29,981 shares of the aerospace company’s stock, valued at approximately $953,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPR. Arizona State Retirement System boosted its stake in shares of Spirit AeroSystems by 1.5% in the third quarter. Arizona State Retirement System now owns 29,958 shares of the aerospace company’s stock worth $484,000 after acquiring an additional 447 shares during the period. HB Wealth Management LLC lifted its holdings in Spirit AeroSystems by 3.2% in the 4th quarter. HB Wealth Management LLC now owns 15,035 shares of the aerospace company’s stock worth $478,000 after purchasing an additional 464 shares in the last quarter. Fifth Third Bancorp boosted its stake in Spirit AeroSystems by 0.5% in the 4th quarter. Fifth Third Bancorp now owns 115,301 shares of the aerospace company’s stock worth $3,664,000 after purchasing an additional 609 shares during the period. Advisors Asset Management Inc. grew its holdings in Spirit AeroSystems by 4.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 23,604 shares of the aerospace company’s stock valued at $381,000 after buying an additional 960 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Spirit AeroSystems by 12.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,757 shares of the aerospace company’s stock valued at $206,000 after buying an additional 1,405 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SPR has been the subject of several research analyst reports. Truist Financial raised their target price on shares of Spirit AeroSystems from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Stifel Nicolaus increased their target price on Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Susquehanna boosted their price target on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. KeyCorp started coverage on shares of Spirit AeroSystems in a report on Wednesday, January 17th. They issued a “sector weight” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Spirit AeroSystems has an average rating of “Hold” and a consensus target price of $31.39.

Spirit AeroSystems Stock Performance

SPR opened at $32.90 on Tuesday. The stock’s 50 day moving average price is $32.87 and its 200-day moving average price is $28.55. Spirit AeroSystems Holdings, Inc. has a one year low of $14.65 and a one year high of $36.34. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of -5.43, a P/E/G ratio of 13.30 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.84). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. The company’s revenue was up 37.3% on a year-over-year basis. During the same period last year, the business posted ($1.46) EPS. As a group, analysts predict that Spirit AeroSystems Holdings, Inc. will post 0.29 earnings per share for the current fiscal year.

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.