Vestcor Inc Makes New Investment in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Vestcor Inc acquired a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,854 shares of the aerospace company’s stock, valued at approximately $97,000.

Several other institutional investors have also recently modified their holdings of SPR. R Squared Ltd bought a new position in shares of Spirit AeroSystems during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems during the 4th quarter valued at about $32,000. Quest Partners LLC bought a new position in shares of Spirit AeroSystems during the 3rd quarter valued at about $49,000. Byrne Asset Management LLC increased its position in shares of Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of Spirit AeroSystems during the 4th quarter valued at about $149,000. 93.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Finally, StockNews.com started coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a “hold” rating for the company. Fifteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Spirit AeroSystems presently has a consensus rating of “Hold” and an average price target of $36.00.

Spirit AeroSystems Stock Performance

NYSE SPR opened at $33.82 on Wednesday. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $37.08. The stock has a 50 day simple moving average of $34.05 and a two-hundred day simple moving average of $33.12. The stock has a market cap of $3.95 billion, a P/E ratio of -2.72 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. Sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current 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.