Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Stake Lowered by Intrust Bank NA

Intrust Bank NA cut its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,088 shares of the aerospace company’s stock after selling 400 shares during the quarter. Intrust Bank NA owned about 0.05% of Spirit AeroSystems worth $2,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Spirit AeroSystems by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company’s stock worth $368,142,000 after purchasing an additional 203,549 shares during the period. Norges Bank acquired a new stake in Spirit AeroSystems in the fourth quarter valued at approximately $105,879,000. Alpine Associates Management Inc. boosted its holdings in Spirit AeroSystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after purchasing an additional 714,984 shares in the last quarter. National Bank of Canada FI increased its position in Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after buying an additional 2,438,974 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Spirit AeroSystems by 1,744.2% in the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock valued at $26,557,000 after acquiring an additional 758,599 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Trading Down 1.5 %

Shares of Spirit AeroSystems stock opened at $34.69 on Friday. Spirit AeroSystems Holdings, Inc. has a 12-month low of $28.92 and a 12-month high of $37.08. The company has a market capitalization of $4.06 billion, a P/E ratio of -2.79 and a beta of 1.77. The stock has a fifty day simple moving average of $34.26 and a 200 day simple moving average of $33.21.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. On average, analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPR. StockNews.com initiated coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a “hold” rating for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Finally, TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Fifteen equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $36.00.

About Spirit AeroSystems

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.