8,000 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Purchased by Supplemental Annuity Collective Trust of NJ

Supplemental Annuity Collective Trust of NJ acquired a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,000 shares of the aerospace company’s stock, valued at approximately $254,000.

Other large investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Spirit AeroSystems in the fourth quarter worth approximately $124,000. Duality Advisers LP bought a new position in Spirit AeroSystems during the fourth quarter valued at approximately $2,697,000. MCF Advisors LLC grew its position in Spirit AeroSystems by 57.5% in the fourth quarter. MCF Advisors LLC now owns 40,885 shares of the aerospace company’s stock worth $1,299,000 after acquiring an additional 14,934 shares in the last quarter. CWM LLC raised its holdings in shares of Spirit AeroSystems by 7.7% during the 4th quarter. CWM LLC now owns 7,516 shares of the aerospace company’s stock valued at $239,000 after purchasing an additional 537 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Spirit AeroSystems by 12.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,267 shares of the aerospace company’s stock worth $771,000 after buying an additional 2,751 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analysts Set New Price Targets

SPR has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. The Goldman Sachs Group upped their price objective on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Citigroup started coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They issued a “buy” rating and a $39.00 price objective on the stock. Truist Financial lifted their price target on Spirit AeroSystems from $26.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Finally, Stifel Nicolaus upped their target price on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.39.

Spirit AeroSystems Stock Performance

SPR stock traded up $0.67 during midday trading on Friday, hitting $32.48. 1,743,200 shares of the company’s stock were exchanged, compared to its average volume of 3,954,861. The company has a market cap of $3.77 billion, a PE ratio of -5.36, a price-to-earnings-growth ratio of 24.71 and a beta of 1.77. The stock’s fifty day moving average price is $32.98 and its 200-day moving average price is $28.70. Spirit AeroSystems Holdings, Inc. has a one year low of $14.65 and a one year high of $36.34.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.84). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. The firm’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same period last year, the company earned ($1.46) earnings per share. On average, analysts expect that Spirit AeroSystems Holdings, Inc. will post 0.15 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.