Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Acquired by D Orazio & Associates Inc.

D Orazio & Associates Inc. increased its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 18.3% during the 3rd quarter, Holdings Channel reports. The fund owned 39,474 shares of the aerospace company’s stock after purchasing an additional 6,120 shares during the quarter. D Orazio & Associates Inc.’s holdings in Spirit AeroSystems were worth $1,283,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SPR. The Manufacturers Life Insurance Company raised its stake in Spirit AeroSystems by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock valued at $723,000 after buying an additional 332 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in Spirit AeroSystems by 1.4% in the second quarter. Ensign Peak Advisors Inc now owns 35,466 shares of the aerospace company’s stock valued at $1,166,000 after buying an additional 500 shares in the last quarter. Inspire Investing LLC raised its stake in Spirit AeroSystems by 6.4% in the second quarter. Inspire Investing LLC now owns 10,689 shares of the aerospace company’s stock valued at $351,000 after buying an additional 643 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after buying an additional 724 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Spirit AeroSystems by 2.3% in the second quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company’s stock valued at $1,069,000 after buying an additional 724 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Trading Up 0.5 %

Shares of NYSE SPR traded up $0.15 during midday trading on Wednesday, reaching $31.19. 274,191 shares of the company were exchanged, compared to its average volume of 3,037,723. Spirit AeroSystems Holdings, Inc. has a 1 year low of $24.11 and a 1 year high of $37.08. The stock has a fifty day simple moving average of $32.48 and a 200 day simple moving average of $32.81. The stock has a market cap of $3.64 billion, a P/E ratio of -2.51 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.83 billion. As a group, analysts forecast that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share for the current year.

Analysts Set New Price Targets

SPR has been the topic of a number of analyst reports. Susquehanna restated a “neutral” rating and issued a $37.00 price target (down from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, August 20th. Truist Financial raised their price objective on Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Finally, StockNews.com assumed coverage on Spirit AeroSystems in a report on Friday, November 8th. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.67.

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.