River Global Investors LLP Sells 377 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

River Global Investors LLP reduced its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,410 shares of the aerospace company’s stock after selling 377 shares during the period. River Global Investors LLP’s holdings in Spirit AeroSystems were worth $1,475,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Spirit AeroSystems by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 9,968,180 shares of the aerospace company’s stock worth $160,886,000 after purchasing an additional 51,387 shares in the last quarter. Blue Trust Inc. raised its position in Spirit AeroSystems by 33.9% in the 4th quarter. Blue Trust Inc. now owns 6,163 shares of the aerospace company’s stock valued at $196,000 after buying an additional 1,562 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Spirit AeroSystems in the 3rd quarter valued at $6,748,000. Advisors Asset Management Inc. lifted its stake in Spirit AeroSystems by 4.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 23,604 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 960 shares in the last quarter. Finally, Fulton Bank N.A. purchased a new position in Spirit AeroSystems during the 4th quarter worth $253,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR traded down $0.09 during mid-day trading on Friday, hitting $32.93. The stock had a trading volume of 2,400,977 shares, compared to its average volume of 2,199,068. The business has a 50 day moving average price of $33.34 and a two-hundred day moving average price of $29.42. Spirit AeroSystems Holdings, Inc. has a 1 year low of $14.65 and a 1 year high of $36.34. The firm has a market cap of $3.82 billion, a P/E ratio of -5.43, a price-to-earnings-growth ratio of 25.79 and a beta of 1.79.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results 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 company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. Spirit AeroSystems’s revenue was up 37.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.46) earnings per share. Equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group lifted their price target 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. Susquehanna lifted their target price on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the stock a “positive” rating in a research note on Friday, April 12th. Citigroup assumed coverage on shares of Spirit AeroSystems in a research note on Wednesday, January 17th. They set a “buy” rating and a $39.00 price target on the stock. Morgan Stanley reduced their price objective on shares of Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Finally, Truist Financial increased their target price on Spirit AeroSystems from $26.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.39.

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.