Brandes Investment Partners LP Buys Shares of 327,005 Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Brandes Investment Partners LP acquired a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 327,005 shares of the aerospace company's stock, valued at approximately $10,392,000. Brandes Investment Partners LP owned 0.31% of Spirit AeroSystems as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in Spirit AeroSystems during the 4th quarter worth approximately $26,000. Allspring Global Investments Holdings LLC bought a new stake in Spirit AeroSystems during the 3rd quarter worth approximately $108,000. Harvest Fund Management Co. Ltd bought a new stake in Spirit AeroSystems during the 4th quarter worth approximately $124,000. NBC Securities Inc. bought a new stake in Spirit AeroSystems during the 3rd quarter worth approximately $145,000. Finally, Blue Trust Inc. raised its stake in Spirit AeroSystems by 33.9% during the 4th quarter. Blue Trust Inc. now owns 6,163 shares of the aerospace company's stock worth $196,000 after acquiring an additional 1,562 shares during the period. Institutional investors own 93.59% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SPR shares. Royal Bank of Canada increased their price objective on shares of Spirit AeroSystems from $33.00 to $35.00 and gave the company a "sector perform" rating in a report on Wednesday, May 8th. Susquehanna increased their price objective on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the company a "positive" rating in a report on Friday, April 12th. The Goldman Sachs Group increased their price objective on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the company a "neutral" rating in a report on Tuesday, April 16th. TD Cowen raised shares of Spirit AeroSystems from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $27.00 to $35.00 in a report on Thursday, February 8th. Finally, StockNews.com lowered shares of Spirit AeroSystems from a "hold" rating to a "sell" rating in a report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $32.83.

Spirit AeroSystems Stock Performance

NYSE SPR traded up $0.20 on Tuesday, hitting $31.21. 1,449,485 shares of the stock were exchanged, compared to its average volume of 3,615,397. The stock has a fifty day moving average price of $32.98 and a two-hundred day moving average price of $30.20. The firm has a market capitalization of $3.64 billion, a P/E ratio of -3.59 and a beta of 1.79. Spirit AeroSystems Holdings, Inc. has a 52-week low of $14.65 and a 52-week high of $36.34.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm earned ($1.69) earnings per share. The firm's revenue for the quarter was up 19.0% compared to the same quarter last year. Sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -2.73 earnings per share 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.