Supplemental Annuity Collective Trust of NJ Takes $254,000 Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

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

Several other hedge funds have also made changes to their positions in SPR. Allspring Global Investments Holdings LLC acquired a new stake in shares of Spirit AeroSystems in the third quarter valued at $108,000. CWM LLC lifted its stake in Spirit AeroSystems by 71.3% in the third quarter. CWM LLC now owns 6,979 shares of the aerospace company’s stock worth $113,000 after acquiring an additional 2,904 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Spirit AeroSystems in the fourth quarter valued at $124,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Spirit AeroSystems during the 3rd quarter worth about $138,000. Finally, NBC Securities Inc. purchased a new position in shares of Spirit AeroSystems in the 3rd quarter valued at about $145,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. TD Cowen raised Spirit AeroSystems from a “market perform” rating to an “outperform” rating and upped their price target for the company from $27.00 to $35.00 in a report on Thursday, February 8th. The Goldman Sachs Group raised their price target on Spirit AeroSystems from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Susquehanna boosted their price objective on Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Morgan Stanley lowered their target price on shares of Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Finally, Citigroup assumed coverage on shares of Spirit AeroSystems in a research report on Wednesday, January 17th. They issued a “buy” rating and a $39.00 price target for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.39.

Spirit AeroSystems Stock Performance

Spirit AeroSystems stock traded up $0.67 during midday trading on Friday, reaching $32.48. The company’s stock had a trading volume of 1,743,200 shares, compared to its average volume of 3,954,861. The firm has a market capitalization of $3.77 billion, a PE ratio of -5.36, a P/E/G ratio of 24.71 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $36.34. The stock’s 50 day simple moving average is $32.98 and its 200 day simple moving average is $28.70.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the company earned ($1.46) EPS. The firm’s quarterly revenue was up 37.3% on a year-over-year basis. Equities analysts predict that Spirit AeroSystems Holdings, Inc. will post 0.15 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.