Rehmann Capital Advisory Group Acquires New Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Rehmann Capital Advisory Group acquired a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,450 shares of the aerospace company’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of Spirit AeroSystems by 39.6% during the 4th quarter. Signaturefd LLC now owns 1,637 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 464 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Spirit AeroSystems during the 4th quarter valued at approximately $48,000. Captrust Financial Advisors lifted its position in shares of Spirit AeroSystems by 57.7% during the 2nd quarter. Captrust Financial Advisors now owns 2,169 shares of the aerospace company’s stock valued at $64,000 after acquiring an additional 794 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at approximately $101,000. Finally, CWM LLC lifted its position in shares of Spirit AeroSystems by 57.4% during the 4th quarter. CWM LLC now owns 3,988 shares of the aerospace company’s stock valued at $118,000 after acquiring an additional 1,455 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Trading Down 1.8 %

Shares of Spirit AeroSystems stock opened at $25.54 on Friday. The company has a fifty day moving average price of $29.54 and a 200 day moving average price of $30.53. Spirit AeroSystems Holdings, Inc. has a twelve month low of $21.14 and a twelve month high of $38.55. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of -3.46 and a beta of 1.64.

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

Wall Street Analyst Weigh In

SPR has been the subject of a number of research reports. StockNews.com upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective 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. Benchmark raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, April 19th. Sanford C. Bernstein dropped their price objective on shares of Spirit AeroSystems from $38.00 to $29.00 in a research note on Thursday, May 4th. Finally, Barclays dropped their price objective on shares of Spirit AeroSystems from $50.00 to $40.00 in a research note on Tuesday, May 9th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Spirit AeroSystems currently has an average rating of “Hold” and an average price target of $35.79.

Spirit AeroSystems Company 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.