Public Employees Retirement Association of Colorado Lowers Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 6.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,056 shares of the aerospace company’s stock after selling 944 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Spirit AeroSystems were worth $429,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. US Bancorp DE increased its holdings in shares of Spirit AeroSystems by 20.3% in the 4th quarter. US Bancorp DE now owns 97,164 shares of the aerospace company’s stock valued at $3,088,000 after acquiring an additional 16,389 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Spirit AeroSystems by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 46,362 shares of the aerospace company’s stock valued at $1,473,000 after buying an additional 460 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Spirit AeroSystems in the 4th quarter valued at about $544,000. Boulder Hill Capital Management LP purchased a new position in shares of Spirit AeroSystems in the 4th quarter worth approximately $791,000. Finally, Kodai Capital Management LP bought a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $8,886,000. Institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SPR shares. 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. Baird R W lowered Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Wolfe Research reiterated a “peer perform” rating on shares of Spirit AeroSystems in a research note on Wednesday, July 10th. Truist Financial upped their price objective on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Spirit AeroSystems in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.38.

Spirit AeroSystems Stock Up 0.7 %

Shares of SPR stock opened at $33.08 on Friday. The stock has a market cap of $3.86 billion, a PE ratio of -3.81 and a beta of 1.85. Spirit AeroSystems Holdings, Inc. has a 52-week low of $15.38 and a 52-week high of $37.08. The business has a 50-day simple moving average of $34.26 and a 200-day simple moving average of $33.19.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Monday, August 5th. The aerospace company reported ($2.73) EPS for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.57 billion. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.46) EPS. Sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -5.57 earnings per share for the current fiscal year.

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.