US Bancorp DE Cuts Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

US Bancorp DE cut its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 73.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,811 shares of the aerospace company’s stock after selling 24,121 shares during the period. US Bancorp DE’s holdings in Spirit AeroSystems were worth $300,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SPR. Entropy Technologies LP grew its holdings in shares of Spirit AeroSystems by 113.2% in the third quarter. Entropy Technologies LP now owns 15,169 shares of the aerospace company’s stock valued at $493,000 after acquiring an additional 8,055 shares in the last quarter. KBC Group NV grew its holdings in shares of Spirit AeroSystems by 20.1% in the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock valued at $150,000 after acquiring an additional 771 shares in the last quarter. ING Groep NV bought a new position in shares of Spirit AeroSystems in the third quarter valued at approximately $16,817,000. Quest Partners LLC bought a new position in shares of Spirit AeroSystems in the third quarter valued at approximately $49,000. Finally, LMR Partners LLP grew its holdings in shares of Spirit AeroSystems by 2,788.6% in the third quarter. LMR Partners LLP now owns 376,404 shares of the aerospace company’s stock valued at $12,237,000 after acquiring an additional 390,404 shares in the last quarter. 93.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPR has been the subject of several recent analyst reports. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Finally, StockNews.com assumed coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a “hold” rating for the company. Fifteen research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.00.

Spirit AeroSystems Price Performance

NYSE:SPR opened at $33.18 on Friday. The company has a market cap of $3.88 billion, a P/E ratio of -2.67 and a beta of 1.77. The stock’s fifty day moving average price is $34.04 and its two-hundred day moving average price is $33.17. Spirit AeroSystems Holdings, Inc. has a 1 year low of $28.92 and a 1 year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.94 billion. On average, analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal 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.