Oak Thistle LLC Sells 1,805 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Oak Thistle LLC lessened its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 12.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,034 shares of the aerospace company’s stock after selling 1,805 shares during the period. Oak Thistle LLC’s holdings in Spirit AeroSystems were worth $470,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SPR. Seven Eight Capital LP purchased a new stake in Spirit AeroSystems in the fourth quarter worth about $5,694,000. Norges Bank bought a new stake in shares of Spirit AeroSystems during the fourth quarter valued at approximately $62,432,000. Vanguard Group Inc. boosted its position in shares of Spirit AeroSystems by 0.5% during the third quarter. Vanguard Group Inc. now owns 9,968,180 shares of the aerospace company’s stock valued at $160,886,000 after purchasing an additional 51,387 shares in the last quarter. Blue Trust Inc. grew its stake in Spirit AeroSystems by 33.9% in the fourth quarter. Blue Trust Inc. now owns 6,163 shares of the aerospace company’s stock worth $196,000 after purchasing an additional 1,562 shares during the period. Finally, AQR Capital Management LLC bought a new position in Spirit AeroSystems in the third quarter worth $6,748,000. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Up 3.3 %

NYSE:SPR opened at $33.97 on Tuesday. The company has a 50 day simple moving average of $31.32 and a two-hundred day simple moving average of $31.18. Spirit AeroSystems Holdings, Inc. has a 12 month low of $14.65 and a 12 month high of $36.34.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.62 billion. Spirit AeroSystems’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.69) earnings per share. As a group, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post -2.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SPR shares. Stifel Nicolaus upped their target price on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, March 20th. StockNews.com downgraded shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Benchmark reissued a “hold” rating on shares of Spirit AeroSystems in a research report on Thursday, June 20th. Susquehanna raised their price objective on Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, April 12th. Finally, The Goldman Sachs Group boosted their target price on Spirit AeroSystems from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $32.89.

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.