Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC raised its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Rating) by 0.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 617,693 shares of the aerospace company’s stock after purchasing an additional 788 shares during the period. Clearbridge Investments LLC’s holdings in Spirit AeroSystems were worth $18,284,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Spirit AeroSystems by 6,821.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,591,729 shares of the aerospace company’s stock valued at $134,538,000 after purchasing an additional 4,525,393 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Spirit AeroSystems by 44.4% in the third quarter. Alliancebernstein L.P. now owns 5,572,808 shares of the aerospace company’s stock valued at $122,156,000 after purchasing an additional 1,712,240 shares in the last quarter. Anomaly Capital Management LP acquired a new position in shares of Spirit AeroSystems in the third quarter valued at approximately $36,347,000. Fisher Asset Management LLC grew its holdings in shares of Spirit AeroSystems by 860.0% in the fourth quarter. Fisher Asset Management LLC now owns 762,521 shares of the aerospace company’s stock valued at $22,571,000 after purchasing an additional 683,095 shares in the last quarter. Finally, Balyasny Asset Management LLC acquired a new position in shares of Spirit AeroSystems in the third quarter valued at approximately $14,306,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on SPR. Susquehanna dropped their price objective on shares of Spirit AeroSystems from $44.00 to $37.00 in a report on Thursday, May 4th. Royal Bank of Canada decreased their price target on shares of Spirit AeroSystems from $36.00 to $32.00 in a research note on Thursday, May 4th. Sanford C. Bernstein decreased their price target on shares of Spirit AeroSystems from $38.00 to $29.00 in a research note on Thursday, May 4th. JPMorgan Chase & Co. lifted their price target on shares of Spirit AeroSystems from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Finally, StockNews.com upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems has a consensus rating of “Hold” and an average price target of $35.79.

Spirit AeroSystems Stock Down 1.8 %

Shares of Spirit AeroSystems stock opened at $25.54 on Friday. The firm’s fifty day simple moving average is $29.54 and its 200-day simple moving average is $30.53. Spirit AeroSystems Holdings, Inc. has a 12 month low of $21.14 and a 12 month high of $38.55.

Spirit AeroSystems (NYSE:SPR – Get Rating) last announced its earnings results on Wednesday, May 3rd. The aerospace company reported ($1.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($1.38). The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.52 billion. Spirit AeroSystems had a negative net margin of 14.64% and a negative return on equity of 365.67%. The business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 earnings per share. Equities analysts predict that Spirit AeroSystems Holdings, Inc. will post -1.43 EPS for the current year.

Spirit AeroSystems 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.