Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 138,955 shares of the aerospace company’s stock after selling 2,329 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.13% of Spirit AeroSystems worth $6,140,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SPR. Berman Capital Advisors LLC lifted its holdings in shares of Spirit AeroSystems by 523.6% in the 3rd quarter. Berman Capital Advisors LLC now owns 1,085 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 911 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Spirit AeroSystems by 19.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,498 shares of the aerospace company’s stock worth $66,000 after acquiring an additional 240 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Spirit AeroSystems by 267.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,296 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 2,400 shares during the last quarter. Metropolitan Life Insurance Co NY acquired a new position in shares of Spirit AeroSystems in the 2nd quarter worth approximately $172,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Spirit AeroSystems during the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Several brokerages recently weighed in on SPR. Sanford C. Bernstein raised shares of Spirit AeroSystems from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $53.00 to $66.00 in a research note on Wednesday, September 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Spirit AeroSystems in a research note on Thursday, December 16th. Royal Bank of Canada cut their target price on shares of Spirit AeroSystems from $62.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, November 4th. Truist Securities raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Friday, January 7th. Finally, Truist raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and increased their price objective for the company from $35.00 to $76.00 in a research report on Friday, January 7th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $61.62.

Shares of Spirit AeroSystems stock opened at $49.60 on Friday. The company has a fifty day simple moving average of $43.05 and a 200-day simple moving average of $42.79. Spirit AeroSystems Holdings, Inc. has a 12-month low of $32.93 and a 12-month high of $53.63. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 8.35. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of -7.20 and a beta of 1.93.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Tuesday, November 2nd. The aerospace company reported ($1.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.77) by ($0.36). Spirit AeroSystems had a negative net margin of 19.06% and a negative return on equity of 65.08%. The company had revenue of $980.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted ($1.34) EPS. The company’s quarterly revenue was up 21.6% on a year-over-year basis. On average, analysts forecast that Spirit AeroSystems Holdings, Inc. will post -3.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 3rd. Investors of record on Monday, December 13th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Friday, December 10th. Spirit AeroSystems’s dividend payout ratio is currently -0.58%.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Fuselage Systems, Propulsion Systems, Wing Systems, and All Other. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems.

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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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