19,208 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Purchased by Truist Financial Corp

Truist Financial Corp acquired a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPRGet Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,208 shares of the aerospace company’s stock, valued at approximately $421,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Spirit AeroSystems by 0.7% during the first quarter. Vanguard Group Inc. now owns 9,384,185 shares of the aerospace company’s stock valued at $458,793,000 after acquiring an additional 68,953 shares during the last quarter. BlackRock Inc. increased its position in shares of Spirit AeroSystems by 4.0% during the first quarter. BlackRock Inc. now owns 5,332,086 shares of the aerospace company’s stock valued at $260,687,000 after acquiring an additional 205,899 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Spirit AeroSystems by 6,821.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,591,729 shares of the aerospace company’s stock valued at $134,538,000 after acquiring an additional 4,525,393 shares during the last quarter. State Street Corp increased its position in shares of Spirit AeroSystems by 1.9% during the second quarter. State Street Corp now owns 3,130,907 shares of the aerospace company’s stock valued at $91,764,000 after acquiring an additional 57,343 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Spirit AeroSystems by 17.2% during the second quarter. UBS Asset Management Americas Inc. now owns 3,037,571 shares of the aerospace company’s stock valued at $89,001,000 after acquiring an additional 445,460 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on SPR shares. Morgan Stanley lowered their price objective on shares of Spirit AeroSystems from $35.00 to $27.00 and set an “underweight” rating for the company in a research note on Monday, November 7th. Bank Of America (Bofa) lowered shares of Spirit AeroSystems to an “underperform” rating in a research note on Friday, November 11th. StockNews.com raised shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Monday. Bank of America lowered shares of Spirit AeroSystems from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $49.00 to $26.00 in a research note on Friday, November 11th. Finally, Robert W. Baird lowered shares of Spirit AeroSystems from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $43.00 to $29.00 in a research note on Friday, November 4th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.09.

Spirit AeroSystems Stock Up 2.9 %

Shares of Spirit AeroSystems stock opened at $33.77 on Wednesday. Spirit AeroSystems Holdings, Inc. has a 52-week low of $21.14 and a 52-week high of $53.31. The company has a 50 day moving average of $29.17 and a 200 day moving average of $28.67. The company has a quick ratio of 0.79, a current ratio of 1.42 and a debt-to-equity ratio of 15.16. The company has a market capitalization of $3.55 billion, a P/E ratio of -8.34, a P/E/G ratio of 8.21 and a beta of 1.64.

Spirit AeroSystems (NYSE:SPRGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The aerospace company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.24. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Spirit AeroSystems had a negative net margin of 8.85% and a negative return on equity of 89.53%. The company’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.13) EPS. As a group, research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -1.8 EPS for the current fiscal year.

Spirit AeroSystems Profile

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Spirit AeroSystems Holdings, Inc engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats and wing structures.

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

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