HM Payson & Co. Has $553,000 Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

HM Payson & Co. lessened its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 20.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,221 shares of the aerospace company’s stock after selling 4,200 shares during the quarter. HM Payson & Co.’s holdings in Spirit AeroSystems were worth $553,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Spirit AeroSystems during the 4th quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in Spirit AeroSystems during the 4th quarter worth $32,000. Quest Partners LLC acquired a new stake in Spirit AeroSystems during the 3rd quarter worth $49,000. Byrne Asset Management LLC raised its stake in Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after buying an additional 1,390 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in Spirit AeroSystems during the 4th quarter worth $149,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

SPR has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Saturday. They issued a “hold” rating on the stock. Finally, TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Fifteen equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.00.

Spirit AeroSystems Price Performance

Shares of NYSE SPR opened at $33.16 on Friday. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of -2.67 and a beta of 1.77. The business has a 50-day moving average of $34.11 and a 200-day moving average of $33.22. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.94 billion. On average, sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

Spirit AeroSystems Company Profile

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.