Creative Planning Raises Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Creative Planning boosted its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 41.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,014 shares of the aerospace company's stock after purchasing an additional 28,775 shares during the period. Creative Planning owned approximately 0.08% of Spirit AeroSystems worth $3,255,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Spirit AeroSystems by 1.0% during the first quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company's stock valued at $395,128,000 after acquiring an additional 109,632 shares during the last quarter. Pentwater Capital Management LP grew its stake in shares of Spirit AeroSystems by 18,132.0% during the 2nd quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company's stock valued at $296,356,000 after purchasing an additional 9,066,000 shares during the period. Steadfast Capital Management LP increased its position in shares of Spirit AeroSystems by 1,274.6% during the 1st quarter. Steadfast Capital Management LP now owns 4,714,874 shares of the aerospace company's stock valued at $170,066,000 after purchasing an additional 4,371,874 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its stake in shares of Spirit AeroSystems by 7.2% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 4,423,000 shares of the aerospace company's stock worth $159,538,000 after purchasing an additional 296,000 shares during the period. Finally, Earnest Partners LLC boosted its holdings in shares of Spirit AeroSystems by 2.6% in the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company's stock worth $134,644,000 after buying an additional 105,350 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPR has been the subject of a number of research reports. UBS Group upped their target price on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Monday, July 1st. Stifel Nicolaus lifted their target price on Spirit AeroSystems from $34.00 to $37.25 and gave the company a "hold" rating in a research report on Monday, July 8th. Citigroup reissued a "neutral" rating and set a $37.25 price target (down previously from $39.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $37.00 price objective (up from $36.00) on shares of Spirit AeroSystems in a research report on Monday, July 8th. Finally, Barclays reissued an "equal weight" rating and issued a $37.00 target price (down from $40.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $34.73.

Spirit AeroSystems Stock Up 1.4 %

Spirit AeroSystems stock traded up $0.46 during midday trading on Friday, reaching $32.55. 810,216 shares of the stock traded hands, compared to its average volume of 1,433,506. The stock has a market cap of $3.79 billion, a P/E ratio of -3.75 and a beta of 1.85. The stock's fifty day moving average is $33.93 and its 200-day moving average is $33.21. Spirit AeroSystems Holdings, Inc. has a 12 month low of $15.45 and a 12 month high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its earnings results on Monday, August 5th. The aerospace company reported ($2.73) EPS for the quarter, missing analysts' consensus estimates of ($0.98) by ($1.75). The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.57 billion. During the same period in the prior year, the company earned ($1.46) EPS. The business's revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Spirit AeroSystems Holdings, Inc. will post -5.57 EPS for the current fiscal year.

Spirit AeroSystems 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.