Vanguard Personalized Indexing Management LLC Makes New $340,000 Investment in Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Vanguard Personalized Indexing Management LLC has made a new investment of approximately $340,000 in Spirit Aerosystems Holdings, purchasing 8,901 shares during the second quarter.
• Analysts have recently upgraded Spirit Aerosystems from a "strong sell" to a "hold" rating, with a consensus price target set at $38.63, reflecting mixed sentiments towards the stock.
• In its latest earnings report, Spirit Aerosystems posted a loss of ($3.34) per share, significantly missing analyst expectations, with revenue of $1.64 billion for the quarter.

Vanguard Personalized Indexing Management LLC bought a new position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,901 shares of the aerospace company's stock, valued at approximately $340,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in shares of Spirit Aerosystems during the 1st quarter worth approximately $1,087,000. CIBRA Capital Ltd purchased a new stake in shares of Spirit Aerosystems in the 1st quarter worth approximately $11,987,000. Valeo Financial Advisors LLC purchased a new stake in shares of Spirit Aerosystems in the 2nd quarter worth approximately $1,747,000. Maven Securities LTD purchased a new stake in shares of Spirit Aerosystems in the 1st quarter worth approximately $689,000. Finally, M&T Bank Corp grew its stake in shares of Spirit Aerosystems by 4.3% in the 1st quarter. M&T Bank Corp now owns 36,883 shares of the aerospace company's stock worth $1,271,000 after buying an additional 1,528 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Zacks Research upgraded Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. Susquehanna upped their price target on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen upgraded Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Spirit Aerosystems in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $38.63.

Spirit Aerosystems Price Performance

NYSE SPR opened at $38.96 on Friday. The business's fifty day moving average price is $39.61 and its 200-day moving average price is $38.17. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of -1.95 and a beta of 1.70. Spirit Aerosystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $42.33.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($2.82). The firm had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.82 billion. Spirit Aerosystems's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned ($2.73) earnings per share. Equities research analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current 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.

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