New York State Common Retirement Fund Lowers Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

New York State Common Retirement Fund cut its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,376 shares of the aerospace company’s stock after selling 13,119 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Spirit AeroSystems worth $2,109,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPR. Duality Advisers LP purchased a new stake in shares of Spirit AeroSystems during the 4th quarter valued at $2,697,000. MCF Advisors LLC increased its holdings in Spirit AeroSystems by 57.5% during the fourth quarter. MCF Advisors LLC now owns 40,885 shares of the aerospace company’s stock worth $1,299,000 after buying an additional 14,934 shares during the last quarter. CWM LLC raised its position in Spirit AeroSystems by 7.7% in the fourth quarter. CWM LLC now owns 7,516 shares of the aerospace company’s stock worth $239,000 after acquiring an additional 537 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Spirit AeroSystems by 12.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,267 shares of the aerospace company’s stock valued at $771,000 after acquiring an additional 2,751 shares during the last quarter. Finally, Friedenthal Financial bought a new position in shares of Spirit AeroSystems during the 4th quarter valued at approximately $757,000. 93.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Truist Financial upped their price objective on Spirit AeroSystems from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. StockNews.com raised shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. TD Cowen upgraded shares of Spirit AeroSystems from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $27.00 to $35.00 in a research note on Thursday, February 8th. UBS Group dropped their price target on shares of Spirit AeroSystems from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Susquehanna lifted their price objective on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Spirit AeroSystems presently has a consensus rating of “Hold” and a consensus price target of $32.83.

Spirit AeroSystems Price Performance

Shares of NYSE:SPR opened at $30.89 on Thursday. Spirit AeroSystems Holdings, Inc. has a one year low of $14.65 and a one year high of $36.34. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of -5.10, a PEG ratio of 25.80 and a beta of 1.79. The company’s fifty day moving average price is $33.53 and its 200-day moving average price is $29.65.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the company posted ($1.69) earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. As a group, equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post 0.15 EPS for the current 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.