Creative Planning Sells 40,666 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Creative Planning lessened its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 41.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,348 shares of the aerospace company's stock after selling 40,666 shares during the period. Creative Planning owned approximately 0.05% of Spirit AeroSystems worth $1,897,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Spirit AeroSystems by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company's stock valued at $395,128,000 after purchasing an additional 109,632 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Spirit AeroSystems by 148.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company's stock worth $44,000 after buying an additional 724 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Spirit AeroSystems by 2.6% in the 2nd 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. Principal Financial Group Inc. boosted its stake in shares of Spirit AeroSystems by 30.9% in the 1st quarter. Principal Financial Group Inc. now owns 9,959 shares of the aerospace company's stock worth $359,000 after buying an additional 2,348 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Spirit AeroSystems in the 1st quarter worth $5,078,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Performance

SPR stock traded up $1.38 during midday trading on Tuesday, reaching $32.80. 3,341,164 shares of the company traded hands, compared to its average volume of 3,079,505. Spirit AeroSystems Holdings, Inc. has a 52-week low of $20.98 and a 52-week high of $37.08. The business has a 50 day moving average of $33.10 and a 200-day moving average of $32.88. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -2.64 and a beta of 1.85.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. Research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -4.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SPR shares. Sanford C. Bernstein restated a "market perform" rating on shares of Spirit AeroSystems in a research note on Monday, July 8th. Royal Bank of Canada restated a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. Wolfe Research reissued a "peer perform" rating on shares of Spirit AeroSystems in a report on Wednesday, July 10th. Truist Financial boosted their price target on Spirit AeroSystems from $30.00 to $35.00 and gave the company a "hold" rating in a report on Wednesday, July 17th. Finally, Robert W. Baird reissued a "neutral" rating and set a $37.25 price target (up previously from $36.00) on shares of Spirit AeroSystems in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Spirit AeroSystems presently has an average rating of "Hold" and a consensus target price of $35.54.

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.