Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC cut its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 95.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the aerospace company’s stock after selling 21,210 shares during the period. Compass Wealth Management LLC’s holdings in Spirit AeroSystems were worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Spirit AeroSystems by 8.8% in the fourth quarter. Vanguard Group Inc. now owns 10,844,853 shares of the aerospace company’s stock valued at $344,649,000 after buying an additional 876,673 shares in the last quarter. Earnest Partners LLC increased its holdings in Spirit AeroSystems by 5.0% in the third quarter. Earnest Partners LLC now owns 4,401,341 shares of the aerospace company’s stock valued at $71,038,000 after buying an additional 209,531 shares in the last quarter. Maple Rock Capital Partners Inc. increased its holdings in Spirit AeroSystems by 8.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 2,869,900 shares of the aerospace company’s stock valued at $46,320,000 after buying an additional 216,900 shares in the last quarter. Sei Investments Co. increased its holdings in Spirit AeroSystems by 39.3% in the fourth quarter. Sei Investments Co. now owns 1,965,370 shares of the aerospace company’s stock valued at $62,459,000 after buying an additional 554,666 shares in the last quarter. Finally, Norges Bank purchased a new position in Spirit AeroSystems in the fourth quarter valued at $62,432,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Up 2.2 %

Shares of NYSE SPR opened at $31.14 on Thursday. The company has a 50-day moving average of $31.50 and a 200 day moving average of $30.91. Spirit AeroSystems Holdings, Inc. has a 12-month low of $14.65 and a 12-month high of $36.34.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share 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. Spirit AeroSystems’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.69) EPS. As a group, research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -2.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SPR shares. StockNews.com cut shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Stifel Nicolaus lifted their price objective on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Susquehanna boosted their target price on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the stock a “positive” rating in a research note on Friday, April 12th. Royal Bank of Canada boosted their target price on shares of Spirit AeroSystems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 8th. Finally, The Goldman Sachs Group boosted their target price on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.83.

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.