State of New Jersey Common Pension Fund D Boosts Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

State of New Jersey Common Pension Fund D grew its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 15.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 65,928 shares of the aerospace company’s stock after buying an additional 8,994 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Spirit AeroSystems were worth $2,247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Spirit AeroSystems during the 4th quarter valued at $30,000. Waldron Private Wealth LLC purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at $32,000. Quest Partners LLC purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at $49,000. Byrne Asset Management LLC raised its position in shares of Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,390 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Spirit AeroSystems during the 4th quarter valued at $149,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SPR. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research report on Thursday. They set a “sell” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. Finally, TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Spirit AeroSystems Trading Down 1.7 %

Shares of NYSE:SPR opened at $33.88 on Friday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of -2.73 and a beta of 1.80. The company has a 50-day moving average price of $33.99 and a 200-day moving average price of $33.24. Spirit AeroSystems Holdings, Inc. has a 12 month low of $28.30 and a 12 month high of $37.08.

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.