Inspire Investing LLC Raises Holdings in Spirit Aerosystems Holdings, Inc. $SPR

Inspire Investing LLC boosted its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,230 shares of the aerospace company’s stock after acquiring an additional 312 shares during the quarter. Inspire Investing LLC’s holdings in Spirit Aerosystems were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Maryland State Retirement & Pension System purchased a new stake in Spirit Aerosystems during the 2nd quarter valued at about $207,000. KLP Kapitalforvaltning AS boosted its holdings in Spirit Aerosystems by 21.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 29,800 shares of the aerospace company’s stock valued at $1,137,000 after acquiring an additional 5,200 shares during the period. Valeo Financial Advisors LLC purchased a new stake in Spirit Aerosystems during the 2nd quarter valued at about $1,747,000. Farther Finance Advisors LLC boosted its holdings in Spirit Aerosystems by 48.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,029 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 334 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Spirit Aerosystems during the 2nd quarter valued at about $1,679,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Spirit Aerosystems Stock Performance

Shares of NYSE:SPR opened at $38.61 on Wednesday. Spirit Aerosystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $42.33. The firm has a market capitalization of $4.53 billion, a P/E ratio of -1.93 and a beta of 1.70. The stock has a 50 day moving average price of $39.83 and a 200-day moving average price of $37.90.

Spirit Aerosystems (NYSE:SPR) last announced its earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share (EPS) 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. During the same period in the prior year, the company earned ($2.73) earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Spirit Aerosystems Company 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.