Creative Planning Boosts Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Creative Planning boosted its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 41.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,014 shares of the aerospace company’s stock after purchasing an additional 28,775 shares during the quarter. Creative Planning owned approximately 0.08% of Spirit AeroSystems worth $3,255,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Treasurer of the State of North Carolina lifted its position in Spirit AeroSystems by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 46,362 shares of the aerospace company’s stock valued at $1,473,000 after acquiring an additional 460 shares during the last quarter. Ghisallo Capital Management LLC acquired a new stake in shares of Spirit AeroSystems in the 4th quarter worth $3,178,000. Sei Investments Co. grew its stake in Spirit AeroSystems by 39.3% during the 4th quarter. Sei Investments Co. now owns 1,965,370 shares of the aerospace company’s stock worth $62,459,000 after buying an additional 554,666 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Spirit AeroSystems by 495.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,737,893 shares of the aerospace company’s stock valued at $55,230,000 after buying an additional 1,445,994 shares in the last quarter. Finally, Jones Road Capital Management L.P. raised its stake in Spirit AeroSystems by 63.6% in the fourth quarter. Jones Road Capital Management L.P. now owns 257,275 shares of the aerospace company’s stock valued at $8,176,000 after buying an additional 100,000 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Up 1.4 %

Shares of Spirit AeroSystems stock opened at $32.55 on Friday. The firm has a market cap of $3.79 billion, a PE ratio of -3.75 and a beta of 1.85. Spirit AeroSystems Holdings, Inc. has a 52 week low of $15.45 and a 52 week high of $37.08. The business’s fifty day simple moving average is $33.93 and its 200-day simple moving average is $33.21.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business posted ($1.46) earnings per share. Spirit AeroSystems’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -5.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SPR shares. Susquehanna reaffirmed a “neutral” rating and issued a $37.00 price objective (down from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 17th. UBS Group raised their target price on Spirit AeroSystems from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $37.00 price target (up previously from $36.00) on shares of Spirit AeroSystems in a research note on Monday, July 8th. Truist Financial raised their price objective on Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Spirit AeroSystems in a research report on Wednesday, July 10th. One 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.73.

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, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.