Principal Financial Group Inc. Sells 1,219 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Principal Financial Group Inc. lessened its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 14.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,482 shares of the aerospace company’s stock after selling 1,219 shares during the period. Principal Financial Group Inc.’s holdings in Spirit AeroSystems were worth $243,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its stake in shares of Spirit AeroSystems by 7.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 12,968 shares of the aerospace company’s stock worth $468,000 after purchasing an additional 921 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Spirit AeroSystems by 7.9% during the first quarter. Public Employees Retirement System of Ohio now owns 47,226 shares of the aerospace company’s stock worth $1,703,000 after buying an additional 3,454 shares during the last quarter. Bayesian Capital Management LP bought a new stake in Spirit AeroSystems during the first quarter worth $267,000. California State Teachers Retirement System lifted its stake in Spirit AeroSystems by 3.2% in the first quarter. California State Teachers Retirement System now owns 115,912 shares of the aerospace company’s stock valued at $4,181,000 after acquiring an additional 3,562 shares during the last quarter. Finally, Comerica Bank grew its position in shares of Spirit AeroSystems by 47.9% in the 1st quarter. Comerica Bank now owns 6,929 shares of the aerospace company’s stock valued at $250,000 after acquiring an additional 2,244 shares during the period. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Price Performance

Shares of NYSE SPR opened at $32.61 on Tuesday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of -2.63 and a beta of 1.84. The stock’s fifty day moving average price is $32.12 and its two-hundred day moving average price is $32.76. Spirit AeroSystems Holdings, Inc. has a one year low of $25.16 and a one year high of $37.08.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SPR. StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Sunday. They issued a “sell” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.67.

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.