Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Intrust Bank NA

Intrust Bank NA lessened its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 66,138 shares of the aerospace company’s stock after selling 2,058 shares during the quarter. Intrust Bank NA owned about 0.06% of Spirit AeroSystems worth $2,102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPR. Assenagon Asset Management S.A. acquired a new stake in Spirit AeroSystems during the 3rd quarter worth approximately $22,186,000. Barclays PLC boosted its holdings in Spirit AeroSystems by 1,458.1% in the third quarter. Barclays PLC now owns 1,079,512 shares of the aerospace company’s stock valued at $17,422,000 after purchasing an additional 1,010,226 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Spirit AeroSystems by 9,458.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 800,152 shares of the aerospace company’s stock worth $12,914,000 after purchasing an additional 791,781 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in Spirit AeroSystems by 779.5% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 878,108 shares of the aerospace company’s stock worth $14,173,000 after purchasing an additional 778,267 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in Spirit AeroSystems in the 3rd quarter valued at about $6,748,000. 93.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on SPR shares. Susquehanna increased their price objective on Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, April 12th. The Goldman Sachs Group raised their target price on Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Truist Financial increased their price target on shares of Spirit AeroSystems from $26.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Stifel Nicolaus boosted their price objective on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 20th. Finally, Citigroup assumed coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They set a “buy” rating and a $39.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Spirit AeroSystems has an average rating of “Hold” and an average target price of $31.39.

Spirit AeroSystems Trading Up 0.4 %

SPR traded up $0.12 on Monday, reaching $32.61. The company had a trading volume of 1,435,462 shares, compared to its average volume of 3,924,136. The company has a fifty day moving average of $33.03 and a 200-day moving average of $28.97. The company has a market capitalization of $3.78 billion, a P/E ratio of -5.36, a PEG ratio of 25.45 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a one year low of $14.65 and a one year high of $36.34.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Tuesday, February 6th. The aerospace company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm earned ($1.46) EPS. Spirit AeroSystems’s quarterly revenue was up 37.3% on a year-over-year basis. Research analysts predict that Spirit AeroSystems Holdings, Inc. will post 0.15 EPS for the current year.

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.