Retirement Planning Co of New England Inc. Reduces Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Retirement Planning Co of New England Inc. cut its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,084 shares of the aerospace company’s stock after selling 2,316 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Spirit AeroSystems were worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ lifted its holdings in Spirit AeroSystems by 20.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 60,000 shares of the aerospace company’s stock valued at $2,032,000 after acquiring an additional 10,000 shares during the last quarter. Vestcor Inc acquired a new position in Spirit AeroSystems in the fourth quarter valued at approximately $97,000. Swiss National Bank lifted its holdings in Spirit AeroSystems by 0.7% in the fourth quarter. Swiss National Bank now owns 229,300 shares of the aerospace company’s stock valued at $7,815,000 after acquiring an additional 1,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Spirit AeroSystems by 20.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,231 shares of the aerospace company’s stock worth $1,030,000 after purchasing an additional 5,135 shares in the last quarter. Finally, Alpine Associates Management Inc. lifted its stake in Spirit AeroSystems by 30.1% during the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after purchasing an additional 714,984 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on SPR. StockNews.com began coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They set a “hold” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Finally, TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Fifteen investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $36.00.

Spirit AeroSystems Trading Up 0.6 %

Shares of NYSE SPR opened at $33.64 on Tuesday. The stock has a market cap of $3.93 billion, a P/E ratio of -2.71 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a 12-month low of $28.92 and a 12-month high of $37.08. The business’s fifty day simple moving average is $34.05 and its 200-day simple moving average is $33.13.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. On average, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Spirit AeroSystems 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.