BNP Paribas Arbitrage SNC trimmed its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Free Report) by 21.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,005 shares of the aerospace company’s stock after selling 73,483 shares during the period. BNP Paribas Arbitrage SNC owned approximately 0.25% of Spirit AeroSystems worth $7,823,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in SPR. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Spirit AeroSystems during the 2nd quarter worth $29,000. Money Concepts Capital Corp grew its holdings in Spirit AeroSystems by 1,076.9% during the 4th quarter. Money Concepts Capital Corp now owns 1,224 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 1,120 shares in the last quarter. Bessemer Group Inc. grew its holdings in Spirit AeroSystems by 240.2% during the 1st quarter. Bessemer Group Inc. now owns 1,446 shares of the aerospace company’s stock worth $50,000 after acquiring an additional 1,021 shares in the last quarter. Manchester Capital Management LLC acquired a new position in Spirit AeroSystems during the 1st quarter worth $61,000. Finally, Captrust Financial Advisors grew its holdings in Spirit AeroSystems by 57.7% during the 2nd quarter. Captrust Financial Advisors now owns 2,169 shares of the aerospace company’s stock worth $64,000 after acquiring an additional 794 shares in the last quarter. 88.05% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
SPR has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of Spirit AeroSystems from $22.00 to $18.00 and set an “underperform” rating for the company in a report on Friday, August 25th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research report on Thursday, October 5th. They issued a “sell” rating on the stock. Benchmark restated a “buy” rating and issued a $45.00 price target on shares of Spirit AeroSystems in a research report on Tuesday, October 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and raised their price target for the stock from $16.00 to $30.00 in a research report on Thursday, October 19th. Finally, Royal Bank of Canada raised their price target on shares of Spirit AeroSystems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.93.
Spirit AeroSystems Stock Up 4.4 %
Shares of NYSE:SPR opened at $25.84 on Tuesday. The company has a market cap of $2.73 billion, a PE ratio of -2.90 and a beta of 1.69. The company’s 50-day moving average price is $19.75 and its 200 day moving average price is $23.89. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $38.55.
Spirit AeroSystems (NYSE:SPR – Get Free Report) last released its earnings results on Wednesday, November 1st. The aerospace company reported ($1.42) EPS for the quarter, beating the consensus estimate of ($1.56) by $0.14. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.46 billion. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) EPS. As a group, equities analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -3.15 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, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and fully functional and tested wing systems.
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