The Manufacturers Life Insurance Company Boosts Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

The Manufacturers Life Insurance Company grew its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,001 shares of the aerospace company’s stock after purchasing an additional 332 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Spirit AeroSystems were worth $723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Spirit AeroSystems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after buying an additional 109,632 shares in the last quarter. Pentwater Capital Management LP lifted its position in shares of Spirit AeroSystems by 18,132.0% during the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock worth $296,356,000 after purchasing an additional 9,066,000 shares in the last quarter. Steadfast Capital Management LP raised its holdings in shares of Spirit AeroSystems by 1,274.6% during the first quarter. Steadfast Capital Management LP now owns 4,714,874 shares of the aerospace company’s stock worth $170,066,000 after purchasing an additional 4,371,874 shares during the period. Maple Rock Capital Partners Inc. grew its position in shares of Spirit AeroSystems by 7.2% during the first quarter. Maple Rock Capital Partners Inc. now owns 4,423,000 shares of the aerospace company’s stock worth $159,538,000 after acquiring an additional 296,000 shares during the last quarter. Finally, Earnest Partners LLC lifted its holdings in Spirit AeroSystems by 2.6% in the 2nd quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock valued at $134,644,000 after acquiring an additional 105,350 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Susquehanna reiterated a “neutral” rating and set a $37.00 price target (down previously from $40.00) on shares of Spirit AeroSystems in a report on Wednesday, July 17th. Benchmark restated a “hold” rating on shares of Spirit AeroSystems in a research report on Thursday, June 20th. Wolfe Research restated a “peer perform” rating on shares of Spirit AeroSystems in a research report on Wednesday, July 10th. Sanford C. Bernstein restated a “market perform” rating on shares of Spirit AeroSystems in a research report on Monday, July 8th. Finally, Baird R W downgraded shares of Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.73.

Spirit AeroSystems Stock Down 0.9 %

SPR opened at $31.19 on Tuesday. Spirit AeroSystems Holdings, Inc. has a 12 month low of $16.36 and a 12 month high of $37.08. The company has a fifty day simple moving average of $33.51 and a 200 day simple moving average of $33.05. The stock has a market cap of $3.64 billion, a P/E ratio of -3.59 and a beta of 1.85.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the business earned ($1.46) EPS. The business’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post -4.67 earnings per share 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.