Swiss National Bank Grows Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Swiss National Bank raised its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 229,300 shares of the aerospace company’s stock after buying an additional 1,500 shares during the period. Swiss National Bank owned 0.20% of Spirit AeroSystems worth $7,815,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. R Squared Ltd bought a new stake in Spirit AeroSystems in the fourth quarter worth about $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Spirit AeroSystems in the 4th quarter worth approximately $32,000. Quest Partners LLC purchased a new position in Spirit AeroSystems in the third quarter valued at approximately $49,000. Byrne Asset Management LLC lifted its stake in Spirit AeroSystems by 210.6% in the fourth 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 Spirit AeroSystems during the fourth quarter valued at $149,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

SPR has been the subject of several research reports. StockNews.com began coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They set a “hold” rating for the company. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Fifteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Spirit AeroSystems currently has an average rating of “Hold” and a consensus target price of $36.00.

Spirit AeroSystems Trading Up 1.5 %

Spirit AeroSystems stock opened at $35.51 on Friday. Spirit AeroSystems Holdings, Inc. has a 1-year low of $28.92 and a 1-year high of $37.08. The firm has a market capitalization of $4.15 billion, a PE ratio of -2.86 and a beta of 1.77. The firm’s 50 day simple moving average is $34.12 and its 200 day simple moving average is $33.15.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.94 billion. Research analysts forecast 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.