Twin Securities Inc. bought a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 34,530 shares of the aerospace company's stock, valued at approximately $1,177,000. Spirit AeroSystems accounts for about 0.7% of Twin Securities Inc.'s holdings, making the stock its 12th largest holding.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ballentine Partners LLC purchased a new stake in shares of Spirit AeroSystems during the fourth quarter worth $231,000. SG Americas Securities LLC raised its holdings in shares of Spirit AeroSystems by 1,295.0% during the fourth quarter. SG Americas Securities LLC now owns 325,793 shares of the aerospace company's stock worth $11,103,000 after acquiring an additional 302,439 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Spirit AeroSystems by 52.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,827 shares of the aerospace company's stock worth $301,000 after acquiring an additional 3,030 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Spirit AeroSystems during the fourth quarter worth $149,000. Finally, KBC Group NV raised its holdings in shares of Spirit AeroSystems by 24.4% during the fourth quarter. KBC Group NV now owns 5,733 shares of the aerospace company's stock worth $195,000 after acquiring an additional 1,126 shares in the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on SPR. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. StockNews.com began coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Spirit AeroSystems presently has a consensus rating of "Hold" and an average target price of $36.56.
Check Out Our Latest Stock Report on SPR
Spirit AeroSystems Stock Performance
Shares of Spirit AeroSystems stock traded down $0.61 during trading on Wednesday, reaching $37.05. The company's stock had a trading volume of 649,993 shares, compared to its average volume of 1,966,849. The business's fifty day moving average price is $34.56 and its 200-day moving average price is $33.74. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of -2.98 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $37.88.
Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) EPS for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm earned ($3.93) EPS. The business's revenue for the quarter was down 10.6% compared to the same quarter last year. Sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.
About Spirit AeroSystems
(
Free Report)
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.
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