Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 35.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,486 shares of the aerospace company’s stock after acquiring an additional 4,031 shares during the quarter. Victory Capital Management Inc.’s holdings in Spirit AeroSystems were worth $492,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SPR. Allspring Global Investments Holdings LLC acquired a new position in shares of Spirit AeroSystems during the third quarter worth about $108,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $124,000. NBC Securities Inc. purchased a new position in shares of Spirit AeroSystems during the 3rd quarter worth approximately $145,000. Blue Trust Inc. lifted its holdings in shares of Spirit AeroSystems by 33.9% in the 4th quarter. Blue Trust Inc. now owns 6,163 shares of the aerospace company’s stock valued at $196,000 after buying an additional 1,562 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Spirit AeroSystems by 12.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,757 shares of the aerospace company’s stock valued at $206,000 after buying an additional 1,405 shares in the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on SPR shares. TD Cowen raised Spirit AeroSystems from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $27.00 to $35.00 in a report on Thursday, February 8th. Stifel Nicolaus raised their price objective on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Royal Bank of Canada upped their target price on Spirit AeroSystems from $33.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 8th. UBS Group dropped their price target on Spirit AeroSystems from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, Susquehanna increased their price objective on Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.83.

Spirit AeroSystems Price Performance

Shares of Spirit AeroSystems stock opened at $31.09 on Friday. Spirit AeroSystems Holdings, Inc. has a 52-week low of $14.65 and a 52-week high of $36.34. The firm has a market capitalization of $3.62 billion, a PE ratio of -3.58 and a beta of 1.79. The company’s fifty day moving average price is $32.94 and its two-hundred day moving average price is $30.26.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.62 billion. Spirit AeroSystems’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the company posted ($1.69) earnings per share. Analysts predict that Spirit AeroSystems Holdings, Inc. will post -2.73 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.