8,519 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,519 shares of the aerospace company's stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. R Squared Ltd bought a new position in shares of Spirit AeroSystems during the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Spirit AeroSystems during the fourth quarter worth $32,000. Byrne Asset Management LLC boosted its position in shares of Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after acquiring an additional 1,390 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at about $149,000. Finally, KBC Group NV increased its position in Spirit AeroSystems by 24.4% during the fourth quarter. KBC Group NV now owns 5,733 shares of the aerospace company's stock worth $195,000 after acquiring an additional 1,126 shares during the period. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Trading Down 1.1 %

NYSE:SPR traded down $0.38 on Wednesday, hitting $32.77. The company had a trading volume of 39,904 shares, compared to its average volume of 1,308,463. The firm has a 50 day moving average of $33.68 and a two-hundred day moving average of $33.12. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of -2.64 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. As a group, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SPR shares. StockNews.com began coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Finally, TD Cowen raised shares of Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. Fifteen investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, Spirit AeroSystems has a consensus rating of "Hold" and a consensus target price of $36.00.

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.