Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Rating) by 529.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,212 shares of the aerospace company’s stock after acquiring an additional 8,590 shares during the period. Tower Research Capital LLC TRC’s holdings in Spirit AeroSystems were worth $224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fisher Asset Management LLC boosted its stake in shares of Spirit AeroSystems by 54.7% during the 3rd quarter. Fisher Asset Management LLC now owns 79,426 shares of the aerospace company’s stock valued at $1,741,000 after buying an additional 28,097 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Spirit AeroSystems by 1.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 44,722 shares of the aerospace company’s stock worth $980,000 after purchasing an additional 580 shares during the last quarter. Cornerstone Investment Partners LLC boosted its holdings in shares of Spirit AeroSystems by 37.3% during the third quarter. Cornerstone Investment Partners LLC now owns 9,644 shares of the aerospace company’s stock valued at $211,000 after acquiring an additional 2,619 shares during the period. Jennison Associates LLC boosted its stake in Spirit AeroSystems by 33.0% during the 3rd quarter. Jennison Associates LLC now owns 1,282,101 shares of the aerospace company’s stock valued at $28,104,000 after purchasing an additional 318,456 shares during the period. Finally, Cerity Partners LLC grew its holdings in Spirit AeroSystems by 4.8% in the 2nd quarter. Cerity Partners LLC now owns 35,641 shares of the aerospace company’s stock worth $1,044,000 after buying an additional 1,636 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Spirit AeroSystems Stock Performance

Shares of NYSE:SPR opened at $34.30 on Monday. The firm’s 50 day simple moving average is $33.73 and its 200 day simple moving average is $29.10. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of -6.57 and a beta of 1.65. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $21.14 and a fifty-two week high of $50.37. The company has a debt-to-equity ratio of 15.16, a current ratio of 1.62 and a quick ratio of 0.86.

Spirit AeroSystems (NYSE:SPR – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The aerospace company reported ($1.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($1.15). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.43 billion. Spirit AeroSystems had a negative return on equity of 365.67% and a negative net margin of 10.85%. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.84) EPS. As a group, sell-side analysts forecast that Spirit AeroSystems Holdings, Inc. will post -0.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPR. Susquehanna upped their price target on shares of Spirit AeroSystems from $40.00 to $44.00 and gave the stock a “positive” rating in a research note on Wednesday, February 8th. StockNews.com upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Wednesday, February 8th. Barclays lifted their price objective on Spirit AeroSystems from $42.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, February 13th. Sanford C. Bernstein lowered Spirit AeroSystems from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $46.00 to $38.00 in a research report on Wednesday, March 1st. Finally, The Goldman Sachs Group reduced their price target on Spirit AeroSystems from $49.00 to $43.00 and set a “buy” rating for the company in a report on Monday, November 7th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.17.

Spirit AeroSystems Company Profile

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Spirit AeroSystems Holdings, Inc engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats and wing structures.