Trading Report: Today, 1,600 Shares of Spirit Aerosystems Holdings Inc. (SPR) are sold by State of Wisconsin Investment Board

Today, 1,600 Shares of Spirit Aerosystems Holdings Inc. (SPR) are sold by State of Wisconsin Investment Board

State of Wisconsin Investment Board cut its stake in Spirit Aerosystems Holdings Inc. (NYSE:SPR) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 84,735 shares of the company’s stock after selling 1,600 shares during the period. State of Wisconsin Investment Board’s holdings in Spirit Aerosystems Holdings were worth $3,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of Spirit Aerosystems Holdings by 65.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,441 shares of the company’s stock valued at $105,000 after buying an additional 965 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Spirit Aerosystems Holdings by 351.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,511 shares of the company’s stock valued at $108,000 after buying an additional 1,955 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Spirit Aerosystems Holdings during the second quarter valued at approximately $119,000. Advisor Group Inc. acquired a new position in shares of Spirit Aerosystems Holdings during the second quarter valued at approximately $125,000. Finally, American International Group Inc. increased its position in shares of Spirit Aerosystems Holdings by 5.4% in the second quarter. American International Group Inc. now owns 3,831 shares of the company’s stock valued at $165,000 after buying an additional 196 shares in the last quarter.

Spirit Aerosystems Holdings Inc. (NYSE:SPR) traded up 0.55% during midday trading on Monday, hitting $59.02. The stock had a trading volume of 1,465,269 shares. Spirit Aerosystems Holdings Inc. has a 52 week low of $40.03 and a 52 week high of $59.20. The company’s 50-day moving average price is $51.69 and its 200 day moving average price is $46.51. The company has a market capitalization of $7.18 billion, a PE ratio of 15.48 and a beta of 1.26.

Spirit Aerosystems Holdings (NYSE:SPR) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.09. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.64 billion. Spirit Aerosystems Holdings had a return on equity of 29.92% and a net margin of 7.32%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. On average, analysts expect that Spirit Aerosystems Holdings Inc. will post $4.59 EPS for the current year.

Several analysts have recently weighed in on the company. Zacks Investment Research raised Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Wednesday, November 16th. Barclays PLC reissued a “buy” rating and set a $55.00 price objective on shares of Spirit Aerosystems Holdings in a report on Thursday, November 3rd. Credit Suisse Group AG reissued a “buy” rating and set a $62.00 price objective on shares of Spirit Aerosystems Holdings in a report on Friday, November 4th. Vertical Research assumed coverage on Spirit Aerosystems Holdings in a report on Friday, October 28th. They set a “hold” rating on the stock. Finally, Vertical Group lowered Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. Spirit Aerosystems Holdings presently has a consensus rating of “Buy” and a consensus target price of $56.00.

About Spirit Aerosystems Holdings

Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero-structures. The Company is a supplier of aero-structures to The Boeing Company (Boeing) and Airbus SAS (Airbus). The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.

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