Spirit AeroSystems Holdings, Inc. (NYSE:SPR) is Hill City Capital LP's 2nd Largest Position

Hill City Capital LP reduced its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,975,000 shares of the aerospace company's stock after selling 400,000 shares during the period. Spirit AeroSystems comprises 12.8% of Hill City Capital LP's investment portfolio, making the stock its 2nd largest holding. Hill City Capital LP owned approximately 5.13% of Spirit AeroSystems worth $194,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPR. Pentwater Capital Management LP lifted its stake in shares of Spirit AeroSystems by 18,132.0% during the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company's stock worth $296,356,000 after purchasing an additional 9,066,000 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Spirit AeroSystems by 2.6% during the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company's stock valued at $134,644,000 after acquiring an additional 105,350 shares during the period. Alpine Associates Management Inc. acquired a new stake in Spirit AeroSystems during the third quarter valued at approximately $77,296,000. Sei Investments Co. boosted its position in shares of Spirit AeroSystems by 5.5% in the 2nd quarter. Sei Investments Co. now owns 1,686,945 shares of the aerospace company's stock valued at $55,450,000 after purchasing an additional 88,608 shares during the period. Finally, Appian Way Asset Management LP purchased a new stake in shares of Spirit AeroSystems in the second quarter valued at $39,969,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SPR shares. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research report on Monday. They set a "sell" rating on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Spirit AeroSystems currently has a consensus rating of "Hold" and a consensus price target of $35.67.

Spirit AeroSystems Stock Down 1.0 %

Shares of SPR traded down $0.32 during trading hours on Tuesday, reaching $32.43. The stock had a trading volume of 689,064 shares, compared to its average volume of 2,960,988. The company's 50-day moving average is $32.06 and its two-hundred day moving average is $32.82. Spirit AeroSystems Holdings, Inc. has a 12 month low of $25.16 and a 12 month high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. As a group, sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share for the current fiscal 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.