Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lessened its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,433 shares of the aerospace company’s stock after selling 525 shares during the quarter. Arizona State Retirement System’s holdings in Spirit AeroSystems were worth $935,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Private Advisor Group LLC acquired a new position in Spirit AeroSystems during the first quarter worth about $576,000. Natixis Advisors L.P. acquired a new stake in shares of Spirit AeroSystems in the 1st quarter worth approximately $772,000. MetLife Investment Management LLC purchased a new stake in Spirit AeroSystems during the first quarter worth $169,000. Panagora Asset Management Inc. purchased a new position in shares of Spirit AeroSystems in the first quarter valued at $200,000. Finally, BlackRock Inc. raised its stake in shares of Spirit AeroSystems by 4.0% during the 1st quarter. BlackRock Inc. now owns 5,332,086 shares of the aerospace company’s stock worth $260,687,000 after buying an additional 205,899 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Citigroup assumed coverage on shares of Spirit AeroSystems in a research note on Wednesday, January 17th. They issued a “buy” rating and a $39.00 price objective on the stock. Stifel Nicolaus increased their price target on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group raised their price objective on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday. Truist Financial upped their target price on Spirit AeroSystems from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Finally, Susquehanna increased their target price on Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.39.

Spirit AeroSystems Stock Up 1.0 %

Shares of NYSE:SPR opened at $33.73 on Wednesday. The company has a market cap of $3.91 billion, a P/E ratio of -5.57, a P/E/G ratio of 13.84 and a beta of 1.77. The business has a fifty day simple moving average of $32.53 and a 200-day simple moving average of $28.08. Spirit AeroSystems Holdings, Inc. has a 52 week low of $14.65 and a 52 week high of $36.34.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the firm posted ($1.46) earnings per share. The company’s revenue was up 37.3% compared to the same quarter last year. Sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post 0.29 earnings per share for the current fiscal 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.