Vestcor Inc Takes Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Vestcor Inc bought a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPRFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,854 shares of the aerospace company’s stock, valued at approximately $97,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPR. R Squared Ltd purchased a new position in shares of Spirit AeroSystems in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in Spirit AeroSystems during the 4th quarter valued at approximately $32,000. Quest Partners LLC bought a new position in Spirit AeroSystems during the 3rd quarter valued at approximately $49,000. Byrne Asset Management LLC increased its position in Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,390 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in Spirit AeroSystems during the 4th quarter valued at approximately $149,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com assumed coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating for the company. Finally, TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. Fifteen analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems has an average rating of “Hold” and an average price target of $36.00.

Read Our Latest Report on SPR

Spirit AeroSystems Trading Up 0.6 %

Spirit AeroSystems stock opened at $33.82 on Wednesday. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of -2.72 and a beta of 1.77. The stock has a fifty day simple moving average of $34.05 and a two-hundred day simple moving average of $33.12. Spirit AeroSystems Holdings, Inc. has a 12 month low of $28.92 and a 12 month high of $37.08.

Spirit AeroSystems (NYSE:SPRGet Free Report) last released its quarterly earnings results 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 firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.94 billion. On average, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

About Spirit AeroSystems

(Free Report)

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.

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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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