V2 Financial group LLC Purchases 1,513 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

V2 Financial group LLC raised its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 13.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,095 shares of the aerospace company’s stock after buying an additional 1,513 shares during the period. V2 Financial group LLC’s holdings in Spirit AeroSystems were worth $426,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SPR. Entropy Technologies LP lifted its holdings in Spirit AeroSystems by 113.2% during the third quarter. Entropy Technologies LP now owns 15,169 shares of the aerospace company’s stock worth $493,000 after acquiring an additional 8,055 shares during the period. Olympiad Research LP bought a new stake in shares of Spirit AeroSystems during the 3rd quarter worth $987,000. Pinnacle Associates Ltd. purchased a new position in shares of Spirit AeroSystems in the 3rd quarter worth about $6,349,000. International Assets Investment Management LLC grew its position in Spirit AeroSystems by 180,792.9% during the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock valued at $779,000 after buying an additional 25,311 shares during the period. Finally, Waldron Private Wealth LLC purchased a new stake in Spirit AeroSystems during the third quarter worth about $32,000. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Price Performance

Shares of NYSE:SPR opened at $31.01 on Tuesday. The company’s fifty day moving average price is $32.52 and its 200-day moving average price is $32.82. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of -2.50 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a one year low of $24.11 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.83 billion. As a group, equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post -12.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, August 20th. Susquehanna restated a “neutral” rating and issued a $37.00 target price (down from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 17th. Finally, StockNews.com started coverage on Spirit AeroSystems in a research note on Friday. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Spirit AeroSystems presently has an average rating of “Hold” and an average target price of $35.67.

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.