State of New Jersey Common Pension Fund D Sells 6,591 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

State of New Jersey Common Pension Fund D decreased its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 10.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,934 shares of the aerospace company’s stock after selling 6,591 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Spirit AeroSystems were worth $1,851,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Byrne Asset Management LLC acquired a new stake in Spirit AeroSystems in the 2nd quarter valued at approximately $30,000. Waldron Private Wealth LLC acquired a new stake in shares of Spirit AeroSystems in the third quarter worth $32,000. Allspring Global Investments Holdings LLC increased its position in Spirit AeroSystems by 148.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 724 shares during the period. Quarry LP raised its stake in Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after purchasing an additional 751 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Spirit AeroSystems by 567.8% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,661 shares of the aerospace company’s stock valued at $153,000 after purchasing an additional 3,963 shares during the period. 93.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPR has been the topic of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, August 20th. StockNews.com assumed coverage on Spirit AeroSystems in a report on Saturday. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Spirit AeroSystems currently has an average rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Stock Up 2.1 %

Shares of Spirit AeroSystems stock opened at $31.35 on Tuesday. Spirit AeroSystems Holdings, Inc. has a 12-month low of $24.80 and a 12-month high of $37.08. The stock has a market capitalization of $3.65 billion, a P/E ratio of -2.52 and a beta of 1.84. The company has a 50-day simple moving average of $32.25 and a 200 day simple moving average of $32.76.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. On average, equities analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share for the current year.

Spirit AeroSystems Profile

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.