Comerica Bank Lowers Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Comerica Bank lowered its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 22.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,533 shares of the aerospace company’s stock after selling 441 shares during the quarter. Comerica Bank’s holdings in Spirit AeroSystems were worth $52,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Treasurer of the State of North Carolina raised its position in shares of Spirit AeroSystems by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 50,980 shares of the aerospace company’s stock valued at $1,737,000 after purchasing an additional 320 shares in the last quarter. R Squared Ltd purchased a new position in shares of Spirit AeroSystems during the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Spirit AeroSystems during the 4th quarter valued at approximately $32,000. KBC Group NV boosted its stake in shares of Spirit AeroSystems by 24.4% during the 4th quarter. KBC Group NV now owns 5,733 shares of the aerospace company’s stock valued at $195,000 after buying an additional 1,126 shares during the last quarter. Finally, Byrne Asset Management LLC boosted its stake in shares of Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,390 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SPR shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com began coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.56.

Spirit AeroSystems Stock Performance

NYSE:SPR opened at $37.60 on Tuesday. Spirit AeroSystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $37.88. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of -3.03 and a beta of 1.63. The business has a fifty day moving average of $34.47 and a 200-day moving average of $33.71.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the firm posted ($3.93) earnings per share. The business’s quarterly revenue was down 10.6% on a year-over-year basis. On average, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS 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.