State Board of Administration of Florida Retirement System Reduces Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

State Board of Administration of Florida Retirement System lessened its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,955 shares of the aerospace company’s stock after selling 2,329 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Spirit AeroSystems were worth $6,140,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of Spirit AeroSystems by 19.1% in the third quarter. PNC Financial Services Group Inc. now owns 1,498 shares of the aerospace company’s stock worth $66,000 after buying an additional 240 shares during the last quarter. HM Payson & Co. increased its stake in shares of Spirit AeroSystems by 1.7% in the second quarter. HM Payson & Co. now owns 26,913 shares of the aerospace company’s stock worth $1,270,000 after buying an additional 450 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Spirit AeroSystems by 8.0% in the second quarter. First Trust Advisors LP now owns 9,780 shares of the aerospace company’s stock worth $462,000 after buying an additional 728 shares during the last quarter. Lincoln National Corp increased its stake in shares of Spirit AeroSystems by 11.6% in the third quarter. Lincoln National Corp now owns 7,369 shares of the aerospace company’s stock worth $326,000 after buying an additional 764 shares during the last quarter. Finally, Berman Capital Advisors LLC increased its stake in shares of Spirit AeroSystems by 523.6% in the third quarter. Berman Capital Advisors LLC now owns 1,085 shares of the aerospace company’s stock worth $47,000 after buying an additional 911 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

SPR stock opened at $49.60 on Friday. The company has a market capitalization of $5.21 billion, a P/E ratio of -7.20 and a beta of 1.93. The company has a 50-day simple moving average of $43.05 and a 200 day simple moving average of $42.79. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $32.93 and a fifty-two week high of $53.63. The company has a quick ratio of 1.35, a current ratio of 2.06 and a debt-to-equity ratio of 8.35.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Tuesday, November 2nd. The aerospace company reported ($1.13) earnings per share for the quarter, missing the consensus estimate of ($0.77) by ($0.36). The company had revenue of $980.00 million during the quarter, compared to analyst estimates of $1.01 billion. Spirit AeroSystems had a negative return on equity of 65.08% and a negative net margin of 19.06%. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.34) EPS. Equities analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -3.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 3rd. Investors of record on Monday, December 13th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend was Friday, December 10th. Spirit AeroSystems’s payout ratio is currently -0.58%.

A number of analysts recently issued reports on SPR shares. Jefferies Financial Group restated a “buy” rating and issued a $55.00 price target on shares of Spirit AeroSystems in a research note on Thursday, December 16th. began coverage on shares of Spirit AeroSystems in a research note on Friday, October 22nd. They set a “buy” rating and a $63.00 target price for the company. Royal Bank of Canada lowered their target price on shares of Spirit AeroSystems from $62.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, November 4th. Truist Financial upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and boosted their target price for the company from $39.00 to $76.00 in a research note on Friday, January 7th. Finally, Truist Securities upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Friday, January 7th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Spirit AeroSystems has a consensus rating of “Buy” and an average target price of $61.62.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Fuselage Systems, Propulsion Systems, Wing Systems, and All Other. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems.

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

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