TD Asset Management Inc. reduced its stake in shares of Spirit Aerosystems Holdings Inc. (NYSE:SPR) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,045 shares of the company’s stock after selling 36 shares during the period. TD Asset Management Inc.’s holdings in Spirit Aerosystems Holdings were worth $202,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in shares of Spirit Aerosystems Holdings during the second quarter valued at about $119,000. Bayesian Capital Management LP bought a new stake in shares of Spirit Aerosystems Holdings during the first quarter valued at about $209,000. Meeder Asset Management Inc. raised its stake in shares of Spirit Aerosystems Holdings by 4,841.0% in the first quarter. Meeder Asset Management Inc. now owns 5,781 shares of the company’s stock valued at $263,000 after buying an additional 5,664 shares during the last quarter. Wealthsource Partners LLC bought a new stake in shares of Spirit Aerosystems Holdings during the first quarter valued at about $264,000. Finally, Suntrust Banks Inc. bought a new stake in shares of Spirit Aerosystems Holdings during the second quarter valued at about $250,000.

Shares of Spirit Aerosystems Holdings Inc. (NYSE:SPR) traded down 1.14% during trading on Tuesday, reaching $42.38. 811,381 shares of the company were exchanged. The stock’s 50 day moving average is $44.91 and its 200 day moving average is $45.40. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 8.55 and a beta of 1.17. Spirit Aerosystems Holdings Inc. has a 1-year low of $40.03 and a 1-year high of $56.20.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its earnings results on Wednesday, August 3rd. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.15. Spirit Aerosystems Holdings had a net margin of 9.95% and a return on equity of 27.50%. The business earned $1.80 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the company earned $1.11 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that Spirit Aerosystems Holdings Inc. will post $4.44 earnings per share for the current year.

SPR has been the subject of several research analyst reports. Wells Fargo & Co. lowered shares of Spirit Aerosystems Holdings from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 30th. They noted that the move was a valuation call. Morgan Stanley restated a “buy” rating and set a $57.00 price target on shares of Spirit Aerosystems Holdings in a research note on Monday, August 15th. Canaccord Genuity restated a “buy” rating on shares of Spirit Aerosystems Holdings in a research note on Wednesday, June 22nd. Buckingham Research upgraded shares of Spirit Aerosystems Holdings from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $41.00 to $44.00 in a research note on Thursday, June 9th. Finally, Barclays PLC reduced their price objective on shares of Spirit Aerosystems Holdings from $56.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, June 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.18.

In other Spirit Aerosystems Holdings news, SVP John A. Pilla sold 8,688 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $43.56, for a total transaction of $378,449.28. Following the completion of the sale, the senior vice president now directly owns 112,721 shares of the company’s stock, valued at $4,910,126.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Duane F. Hawkins sold 9,923 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $42.09, for a total transaction of $417,659.07. Following the sale, the senior vice president now directly owns 37,436 shares of the company’s stock, valued at $1,575,681.24. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Spirit Aerosystems Holdings Company Profile

Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero-structures. The Company is a supplier of aero-structures to The Boeing Company (Boeing) and Airbus SAS (Airbus). The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.

5 Day Chart for NYSE:SPR

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