Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 27.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 480,572 shares of the aerospace company’s stock after selling 181,179 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.41% of Spirit AeroSystems worth $17,334,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. MCF Advisors LLC grew its holdings in Spirit AeroSystems by 0.8% during the 1st quarter. MCF Advisors LLC now owns 41,228 shares of the aerospace company’s stock valued at $1,487,000 after purchasing an additional 343 shares in the last quarter. Mystic Asset Management Inc. boosted its stake in Spirit AeroSystems by 0.7% during the 1st quarter. Mystic Asset Management Inc. now owns 52,847 shares of the aerospace company’s stock valued at $1,906,000 after acquiring an additional 346 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Spirit AeroSystems by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 46,362 shares of the aerospace company’s stock valued at $1,473,000 after acquiring an additional 460 shares during the last quarter. CWM LLC boosted its stake in Spirit AeroSystems by 7.7% during the 4th quarter. CWM LLC now owns 7,516 shares of the aerospace company’s stock valued at $239,000 after acquiring an additional 537 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Spirit AeroSystems by 0.5% during the 4th quarter. Fifth Third Bancorp now owns 115,301 shares of the aerospace company’s stock valued at $3,664,000 after acquiring an additional 609 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Up 1.1 %

NYSE:SPR traded up $0.41 during mid-day trading on Wednesday, reaching $36.67. 1,424,151 shares of the company were exchanged, compared to its average volume of 3,705,063. Spirit AeroSystems Holdings, Inc. has a 12 month low of $14.65 and a 12 month high of $36.85. The company has a fifty day moving average of $32.71 and a 200 day moving average of $31.83. The stock has a market cap of $4.27 billion, a PE ratio of -4.19 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49). The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the firm posted ($1.69) EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -3.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPR has been the topic of a number of research analyst reports. Citigroup reiterated a “neutral” rating and set a $37.25 price objective (down from $39.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. UBS Group raised their price target on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. Truist Financial increased their price objective on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Wolfe Research reaffirmed a “peer perform” rating on shares of Spirit AeroSystems in a report on Wednesday, July 10th. Finally, Stifel Nicolaus increased their price objective on shares of Spirit AeroSystems from $34.00 to $37.25 and gave the stock a “hold” rating in a report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Spirit AeroSystems has a consensus rating of “Hold” and an average price target of $33.60.

Spirit AeroSystems Company 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.