Alliancebernstein L.P. Acquires 508,513 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Alliancebernstein L.P. lifted its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 15.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,792,592 shares of the aerospace company’s stock after purchasing an additional 508,513 shares during the quarter. Alliancebernstein L.P.’s holdings in Spirit AeroSystems were worth $167,595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPR. Geneos Wealth Management Inc. raised its holdings in shares of Spirit AeroSystems by 61.5% in the third quarter. Geneos Wealth Management Inc. now owns 630 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 240 shares in the last quarter. Evolution Wealth Advisors LLC grew its stake in shares of Spirit AeroSystems by 171.7% during the third quarter. Evolution Wealth Advisors LLC now owns 1,046 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 661 shares during the last quarter. Berman Capital Advisors LLC boosted its position in Spirit AeroSystems by 523.6% in the third quarter. Berman Capital Advisors LLC now owns 1,085 shares of the aerospace company’s stock valued at $47,000 after buying an additional 911 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Spirit AeroSystems by 19.1% in the third quarter. PNC Financial Services Group Inc. now owns 1,498 shares of the aerospace company’s stock valued at $66,000 after buying an additional 240 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Spirit AeroSystems by 267.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,296 shares of the aerospace company’s stock valued at $156,000 after buying an additional 2,400 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Shares of NYSE:SPR opened at $49.60 on Friday. The company has a market cap of $5.21 billion, a P/E ratio of -7.20 and a beta of 1.93. The company has a quick ratio of 1.35, a current ratio of 2.06 and a debt-to-equity ratio of 8.35. Spirit AeroSystems Holdings, Inc. has a 52 week low of $32.93 and a 52 week high of $53.63. The business has a fifty day simple moving average of $43.05 and a 200-day simple moving average of $42.79.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Tuesday, November 2nd. The aerospace company reported ($1.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.36). The business had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Spirit AeroSystems had a negative net margin of 19.06% and a negative return on equity of 65.08%. Spirit AeroSystems’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.34) EPS. Sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -3.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, January 3rd. Shareholders of record on Monday, December 13th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Friday, December 10th. Spirit AeroSystems’s dividend payout ratio (DPR) is presently -0.58%.

Several research analysts have recently weighed in on SPR shares. assumed coverage on Spirit AeroSystems in a research note on Friday, October 22nd. They set a “buy” rating and a $63.00 target price for the company. Truist Securities upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Friday, January 7th. Royal Bank of Canada lowered their price target on Spirit AeroSystems from $62.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, November 4th. Sanford C. Bernstein raised Spirit AeroSystems from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $53.00 to $66.00 in a research note on Wednesday, September 29th. Finally, Truist raised Spirit AeroSystems from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $76.00 in a research note on Friday, January 7th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $61.62.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Fuselage Systems, Propulsion Systems, Wing Systems, and All Other. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems.

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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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