Beverly Hills Private Wealth LLC Trims Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Beverly Hills Private Wealth LLC decreased its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 40.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,249 shares of the aerospace company’s stock after selling 5,514 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Spirit AeroSystems were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Spirit AeroSystems by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 9,968,180 shares of the aerospace company’s stock valued at $160,886,000 after buying an additional 51,387 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Spirit AeroSystems by 33.9% during 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 last quarter. AQR Capital Management LLC purchased a new position in shares of Spirit AeroSystems during the 3rd quarter valued at about $6,748,000. Advisors Asset Management Inc. raised its stake in shares of Spirit AeroSystems by 4.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 23,604 shares of the aerospace company’s stock valued at $381,000 after buying an additional 960 shares during the last quarter. Finally, Fulton Bank N.A. purchased a new position in shares of Spirit AeroSystems during the 4th quarter valued at about $253,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com upgraded Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Truist Financial lifted their price objective on Spirit AeroSystems from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. KeyCorp began coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They issued a “sector weight” rating for the company. Citigroup began coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They issued a “buy” rating and a $39.00 price target for the company. Finally, Stifel Nicolaus lifted their price target on Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems has an average rating of “Hold” and an average price target of $31.33.

Spirit AeroSystems Trading Down 2.5 %

SPR stock opened at $33.42 on Tuesday. Spirit AeroSystems Holdings, Inc. has a 12-month low of $14.65 and a 12-month high of $36.34. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of -5.51, a PEG ratio of 13.84 and a beta of 1.77. The business’s 50-day moving average is $32.42 and its 200 day moving average is $27.96.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.84). The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted ($1.46) EPS. The company’s revenue was up 37.3% compared to the same quarter last year. As a group, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post 0.29 EPS 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.