Treasurer of the State of North Carolina Boosts Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Treasurer of the State of North Carolina boosted its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,980 shares of the aerospace company’s stock after acquiring an additional 320 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Spirit AeroSystems were worth $1,737,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Spirit AeroSystems during the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Spirit AeroSystems during the 4th quarter worth $32,000. Headlands Technologies LLC purchased a new stake in shares of Spirit AeroSystems in the 4th quarter worth about $67,000. Byrne Asset Management LLC grew its stake in Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 1,390 shares during the last quarter. Finally, Vestcor Inc purchased a new position in Spirit AeroSystems during the 4th quarter valued at about $97,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SPR shares. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Finally, StockNews.com initiated coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a “hold” rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.56.

Spirit AeroSystems Price Performance

SPR opened at $33.47 on Friday. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $37.08. The business has a 50-day moving average of $33.64 and a two-hundred day moving average of $33.13. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of -2.70 and a beta of 1.41.

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

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.