Whittier Trust Co. held its stake in Spirit Aerosystems Holdings Inc. (NYSE:SPR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,800 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Spirit Aerosystems Holdings were worth $163,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in Spirit Aerosystems Holdings during the second quarter valued at $72,544,000. Geode Capital Management LLC raised its stake in Spirit Aerosystems Holdings by 37.9% in the first quarter. Geode Capital Management LLC now owns 1,055,544 shares of the company’s stock valued at $47,878,000 after buying an additional 290,028 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in Spirit Aerosystems Holdings by 1,797.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 272,800 shares of the company’s stock valued at $12,374,000 after buying an additional 258,425 shares during the period. Credit Agricole S A raised its stake in Spirit Aerosystems Holdings by 99.6% in the first quarter. Credit Agricole S A now owns 412,624 shares of the company’s stock valued at $18,717,000 after buying an additional 205,925 shares during the period. Finally, Natixis acquired a new stake in Spirit Aerosystems Holdings during the first quarter valued at $8,256,000.
Shares of Spirit Aerosystems Holdings Inc. (NYSE:SPR) traded down 0.26% during midday trading on Friday, reaching $45.75. The company’s stock had a trading volume of 1,089,230 shares. Spirit Aerosystems Holdings Inc. has a 52-week low of $40.03 and a 52-week high of $56.20. The stock has a 50-day moving average price of $45.15 and a 200-day moving average price of $45.22. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 9.23 and a beta of 1.22.
Spirit Aerosystems Holdings (NYSE:SPR) last released its earnings results on Wednesday, August 3rd. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. Spirit Aerosystems Holdings had a return on equity of 27.50% and a net margin of 9.95%. The company earned $1.80 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the company posted $1.11 EPS. Spirit Aerosystems Holdings’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Spirit Aerosystems Holdings Inc. will post $4.44 earnings per share for the current fiscal year.
SPR has been the topic of several research analyst reports. Jefferies Group reaffirmed a “buy” rating on shares of Spirit Aerosystems Holdings in a research note on Monday, July 11th. Zacks Investment Research lowered Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley reiterated a “buy” rating and issued a $57.00 target price on shares of Spirit Aerosystems Holdings in a research report on Monday, August 15th. Canaccord Genuity reiterated a “buy” rating on shares of Spirit Aerosystems Holdings in a research report on Wednesday, June 22nd. Finally, Robert W. Baird assumed coverage on Spirit Aerosystems Holdings in a research report on Wednesday, October 5th. They issued an “outperform” rating and a $54.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Spirit Aerosystems Holdings has a consensus rating of “Buy” and an average price target of $54.94.
About Spirit Aerosystems Holdings
Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero-structures. The Company is a supplier of aero-structures to The Boeing Company (Boeing) and Airbus SAS (Airbus). The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.