New York State Common Retirement Fund Sells 13,119 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

New York State Common Retirement Fund lessened its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 16.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 66,376 shares of the aerospace company’s stock after selling 13,119 shares during the period. New York State Common Retirement Fund’s holdings in Spirit AeroSystems were worth $2,109,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Spirit AeroSystems by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 9,968,180 shares of the aerospace company’s stock valued at $160,886,000 after buying an additional 51,387 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Spirit AeroSystems by 5.0% in the third quarter. Earnest Partners LLC now owns 4,401,341 shares of the aerospace company’s stock worth $71,038,000 after purchasing an additional 209,531 shares in the last quarter. Maple Rock Capital Partners Inc. raised its position in shares of Spirit AeroSystems by 8.2% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 2,869,900 shares of the aerospace company’s stock valued at $46,320,000 after purchasing an additional 216,900 shares during the period. Sei Investments Co. lifted its stake in shares of Spirit AeroSystems by 12.7% during the 3rd quarter. Sei Investments Co. now owns 1,410,704 shares of the aerospace company’s stock valued at $22,769,000 after buying an additional 159,034 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Spirit AeroSystems in the 3rd quarter worth $22,186,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SPR shares. The Goldman Sachs Group increased their target price on Spirit AeroSystems from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Morgan Stanley dropped their price objective on shares of Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Stifel Nicolaus lifted their target price on Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 20th. TD Cowen upgraded Spirit AeroSystems from a “market perform” rating to an “outperform” rating and raised their price target for the company from $27.00 to $35.00 in a report on Thursday, February 8th. Finally, UBS Group decreased their price objective on Spirit AeroSystems from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.83.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR opened at $30.89 on Thursday. The business’s 50 day moving average price is $33.53 and its 200-day moving average price is $29.65. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -5.10, a PEG ratio of 25.80 and a beta of 1.79. 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 announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.62 billion. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.69) earnings per share. Sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post 0.15 earnings per share for the current year.

About Spirit AeroSystems

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.