Victory Capital Management Inc. Boosts Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Victory Capital Management Inc. lifted its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 35.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

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

Spirit AeroSystems Stock Up 3.0 %

NYSE:SPR opened at $31.09 on Friday. The firm’s fifty day simple moving average is $32.94 and its 200 day simple moving average is $30.26. The stock has a market cap of $3.62 billion, a P/E ratio of -3.58 and a beta of 1.79. Spirit AeroSystems Holdings, Inc. has a twelve month low of $14.65 and a twelve month high of $36.34.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49). The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.62 billion. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.69) EPS. On average, analysts expect that Spirit AeroSystems Holdings, Inc. will post -2.73 EPS for the current fiscal 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.