Seven Grand Managers LLC Makes New $4.77 Million Investment in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Seven Grand Managers LLC acquired a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,000 shares of the aerospace company's stock, valued at approximately $4,767,000. Spirit AeroSystems accounts for 4.6% of Seven Grand Managers LLC's investment portfolio, making the stock its 8th biggest holding. Seven Grand Managers LLC owned 0.14% of Spirit AeroSystems at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SPR. Principal Securities Inc. bought a new stake in shares of Spirit AeroSystems during the 4th quarter worth $26,000. Harvest Fund Management Co. Ltd acquired a new position in Spirit AeroSystems during the 4th quarter worth approximately $124,000. Blue Trust Inc. lifted its stake in Spirit AeroSystems by 33.9% in the 4th quarter. Blue Trust Inc. now owns 6,163 shares of the aerospace company's stock valued at $196,000 after purchasing an additional 1,562 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Spirit AeroSystems in the third quarter valued at approximately $108,000. Finally, SG Americas Securities LLC bought a new stake in shares of Spirit AeroSystems during the fourth quarter worth $236,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SPR shares. Stifel Nicolaus raised their price objective on Spirit AeroSystems from $30.00 to $34.00 and gave the company a "hold" rating in a report on Wednesday, March 20th. Citigroup assumed coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They issued a "buy" rating and a $39.00 price objective for the company. Morgan Stanley cut 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. TD Cowen raised shares of Spirit AeroSystems from a "market perform" rating to an "outperform" rating and raised their price target for the company from $27.00 to $35.00 in a research note on Thursday, February 8th. Finally, Susquehanna boosted their price objective on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the stock a "positive" rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $32.83.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR traded down $0.28 during midday trading on Friday, hitting $30.49. 1,488,630 shares of the stock traded hands, compared to its average volume of 2,448,365. The business has a 50 day moving average price of $33.52 and a two-hundred day moving average price of $29.83. Spirit AeroSystems Holdings, Inc. has a one year low of $14.65 and a one year high of $36.34. The company has a market cap of $3.54 billion, a PE ratio of -3.51 and a beta of 1.79.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share for the quarter, missing analysts' consensus estimates of ($0.44) by ($3.49). The business had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.62 billion. The company's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business earned ($1.69) earnings per share. As a group, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -2.17 EPS for the current fiscal year.

About Spirit AeroSystems

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.