Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPRGet Rating) by 9.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 180,682 shares of the aerospace company’s stock after selling 18,137 shares during the quarter. California Public Employees Retirement System’s holdings in Spirit AeroSystems were worth $5,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Spirit AeroSystems by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 9,384,185 shares of the aerospace company’s stock valued at $458,793,000 after purchasing an additional 68,953 shares during the last quarter. BlackRock Inc. raised its stake in Spirit AeroSystems by 4.0% in the 1st quarter. BlackRock Inc. now owns 5,332,086 shares of the aerospace company’s stock valued at $260,687,000 after purchasing an additional 205,899 shares during the last quarter. State Street Corp raised its stake in Spirit AeroSystems by 14.2% in the 1st quarter. State Street Corp now owns 3,073,564 shares of the aerospace company’s stock valued at $150,299,000 after purchasing an additional 382,465 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Spirit AeroSystems by 5.4% in the 1st quarter. Bank of New York Mellon Corp now owns 995,921 shares of the aerospace company’s stock valued at $48,690,000 after purchasing an additional 50,654 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Spirit AeroSystems by 11.6% in the 2nd quarter. Jennison Associates LLC now owns 963,645 shares of the aerospace company’s stock valued at $28,235,000 after purchasing an additional 99,926 shares during the last quarter. Institutional investors and hedge funds own 83.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPR. StockNews.com raised shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Bank Of America (Bofa) downgraded shares of Spirit AeroSystems to an “underperform” rating in a research note on Friday, November 11th. Susquehanna dropped their price objective on shares of Spirit AeroSystems from $50.00 to $41.00 in a research note on Thursday, August 4th. The Goldman Sachs Group dropped their price objective on shares of Spirit AeroSystems from $49.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, November 7th. Finally, Cowen dropped their price objective on shares of Spirit AeroSystems from $70.00 to $55.00 and set an “outperform” rating for the company in a research note on Monday, August 8th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Spirit AeroSystems presently has an average rating of “Hold” and a consensus price target of $42.92.

Spirit AeroSystems Stock Up 1.5 %

SPR opened at $25.79 on Friday. The company has a market cap of $2.71 billion, a PE ratio of -6.37 and a beta of 1.73. Spirit AeroSystems Holdings, Inc. has a 1 year low of $21.14 and a 1 year high of $53.31. The firm has a 50 day moving average price of $24.68 and a 200 day moving average price of $28.88. The company has a debt-to-equity ratio of 15.16, a quick ratio of 0.79 and a current ratio of 1.42.

Spirit AeroSystems (NYSE:SPRGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The aerospace company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.24. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Spirit AeroSystems had a negative return on equity of 89.53% and a negative net margin of 8.85%. Spirit AeroSystems’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.13) EPS. Sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -1.78 earnings per share for the current year.

Spirit AeroSystems Company Profile

(Get Rating)

Spirit AeroSystems Holdings, Inc designs, engineers, manufactures, and markets 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, struts/pylons, nacelles, and related engine structural components; and wings and wing components, including flight control surfaces, as well as other structural parts.

Further Reading

Want to see what other hedge funds are holding SPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit AeroSystems Holdings, Inc. (NYSE:SPRGet Rating).

Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

Receive News & Ratings for Spirit AeroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems and related companies with MarketBeat.com's FREE daily email newsletter.