Raymond James Financial Inc. Makes New Investment in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Raymond James Financial Inc. bought a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,519 shares of the aerospace company's stock, valued at approximately $290,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital bought a new position in shares of Spirit AeroSystems in the fourth quarter valued at approximately $253,000. FNY Investment Advisers LLC boosted its position in shares of Spirit AeroSystems by 100.0% in the fourth quarter. FNY Investment Advisers LLC now owns 10,000 shares of the aerospace company's stock valued at $340,000 after acquiring an additional 5,000 shares during the period. Oak Thistle LLC boosted its position in shares of Spirit AeroSystems by 12.1% in the fourth quarter. Oak Thistle LLC now owns 14,568 shares of the aerospace company's stock valued at $496,000 after acquiring an additional 1,568 shares during the period. Ballentine Partners LLC bought a new position in shares of Spirit AeroSystems in the fourth quarter valued at approximately $231,000. Finally, SG Americas Securities LLC boosted its position in shares of Spirit AeroSystems by 1,295.0% in the fourth quarter. SG Americas Securities LLC now owns 325,793 shares of the aerospace company's stock valued at $11,103,000 after acquiring an additional 302,439 shares during the period. Institutional investors own 93.59% of the company's stock.

Analyst Upgrades and Downgrades

SPR has been the subject of a number of analyst reports. Royal Bank of Canada restated a "sector perform" rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They issued a "hold" rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Spirit AeroSystems currently has a consensus rating of "Hold" and a consensus target price of $36.56.

Spirit AeroSystems Trading Up 0.6%

SPR opened at $36.68 on Monday. The stock has a 50-day moving average price of $33.96 and a 200-day moving average price of $33.50. Spirit AeroSystems Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $37.08. The stock has a market capitalization of $4.30 billion, a P/E ratio of -2.95 and a beta of 1.63.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported ($4.25) EPS for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The business had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.74 billion. The business's quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.93) earnings per share. On average, equities research analysts predict 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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