KLP Kapitalforvaltning AS Invests $838,000 in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

KLP Kapitalforvaltning AS bought a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,600 shares of the aerospace company's stock, valued at approximately $838,000.

Several other hedge funds also recently added to or reduced their stakes in SPR. National Bank of Canada FI increased its holdings in shares of Spirit AeroSystems by 3,996.6% during the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company's stock valued at $81,275,000 after purchasing an additional 2,438,974 shares in the last quarter. Alpine Associates Management Inc. raised its position in shares of Spirit AeroSystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock worth $105,395,000 after acquiring an additional 714,984 shares during the period. Sand Grove Capital Management LLP purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter worth about $14,099,000. SG Americas Securities LLC grew its holdings in Spirit AeroSystems by 1,295.0% in the fourth quarter. SG Americas Securities LLC now owns 325,793 shares of the aerospace company's stock valued at $11,103,000 after purchasing an additional 302,439 shares during the period. Finally, Harvest Management LLC raised its stake in shares of Spirit AeroSystems by 84.8% during the 3rd quarter. Harvest Management LLC now owns 483,000 shares of the aerospace company's stock worth $15,702,000 after buying an additional 221,600 shares during the period. 93.59% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

Several research firms have issued reports on SPR. 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, February 11th. StockNews.com began coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They set a "hold" rating for the company. Finally, TD Cowen upgraded Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. Fifteen analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $36.00.

Spirit AeroSystems Trading Down 4.6 %

Spirit AeroSystems stock traded down $1.57 during trading on Thursday, hitting $32.50. The company had a trading volume of 2,647,647 shares, compared to its average volume of 2,072,361. The company's 50 day simple moving average is $34.27 and its 200-day simple moving average is $33.23. Spirit AeroSystems Holdings, Inc. has a 1-year low of $28.92 and a 1-year high of $37.08. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of -2.62 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.94 billion. As a group, analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 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.