Hennion & Walsh Asset Management Inc. Invests $382,000 in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Hennion & Walsh Asset Management Inc. acquired a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,589 shares of the aerospace company’s stock, valued at approximately $382,000.

A number of other large investors also recently bought and sold shares of the stock. Principal Securities Inc. acquired a new stake in shares of Spirit AeroSystems during the fourth quarter valued at about $26,000. Riverview Trust Co acquired a new stake in Spirit AeroSystems in the 1st quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd purchased a new stake in Spirit AeroSystems in the fourth quarter valued at approximately $124,000. Blue Trust Inc. lifted its stake in Spirit AeroSystems by 33.9% during the fourth quarter. Blue Trust Inc. now owns 6,163 shares of the aerospace company’s stock worth $196,000 after purchasing an additional 1,562 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Spirit AeroSystems during the fourth quarter worth $236,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com lowered Spirit AeroSystems from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. UBS Group raised their price objective on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday. Benchmark reaffirmed a “hold” rating on shares of Spirit AeroSystems in a research note on Thursday, June 20th. Citigroup reissued a “neutral” rating and issued a $37.25 price target (down previously from $39.00) on shares of Spirit AeroSystems in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on Spirit AeroSystems from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.18.

Spirit AeroSystems Stock Performance

Spirit AeroSystems stock opened at $33.86 on Thursday. The stock has a 50-day simple moving average of $31.40 and a 200-day simple moving average of $31.23. The company has a market capitalization of $3.95 billion, a P/E ratio of -3.90 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $36.34.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.62 billion. The company’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.69) EPS. As a group, analysts forecast that Spirit AeroSystems Holdings, Inc. will post -2.94 earnings per share for the current year.

Spirit AeroSystems Company 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.