Valeo Financial Advisors LLC Makes New $1.75 Million Investment in Spirit Aerosystems Holdings, Inc. $SPR

Valeo Financial Advisors LLC bought a new stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 45,780 shares of the aerospace company’s stock, valued at approximately $1,747,000.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Spirit Aerosystems by 48.1% in the second quarter. Farther Finance Advisors LLC now owns 1,029 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 334 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Spirit Aerosystems by 33,966.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the aerospace company’s stock worth $39,000 after buying an additional 1,019 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of Spirit Aerosystems in the 2nd quarter worth approximately $204,000. Maryland State Retirement & Pension System bought a new stake in shares of Spirit Aerosystems in the 2nd quarter valued at approximately $207,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Spirit Aerosystems by 48.0% in the 1st quarter. Russell Investments Group Ltd. now owns 6,061 shares of the aerospace company’s stock valued at $209,000 after acquiring an additional 1,967 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zacks Research upgraded Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Spirit Aerosystems in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.63.

Spirit Aerosystems Stock Performance

Shares of SPR opened at $39.44 on Tuesday. Spirit Aerosystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $42.33. The company has a market cap of $4.64 billion, a price-to-earnings ratio of -1.78 and a beta of 1.11. The firm has a fifty day moving average of $37.60 and a 200-day moving average of $38.72.

Spirit Aerosystems (NYSE:SPR) last released its quarterly earnings data on Friday, October 31st. The aerospace company reported ($4.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($4.50). The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.92 billion. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($3.03) earnings per share. Analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

About Spirit Aerosystems

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.