US Bancorp DE Sells 2,913 Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

US Bancorp DE trimmed its holdings in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 33.1% during the first quarter, HoldingsChannel reports. The fund owned 5,898 shares of the aerospace company’s stock after selling 2,913 shares during the quarter. US Bancorp DE’s holdings in Spirit Aerosystems were worth $203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Senator Investment Group LP lifted its position in shares of Spirit Aerosystems by 415.3% in the 4th quarter. Senator Investment Group LP now owns 92,000 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 74,145 shares during the period. Byrne Asset Management LLC lifted its position in shares of Spirit Aerosystems by 128.2% in the 1st quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 2,629 shares during the period. Cetera Investment Advisers acquired a new position in shares of Spirit Aerosystems in the 1st quarter worth approximately $211,000. Sterling Capital Management LLC lifted its position in shares of Spirit Aerosystems by 52.9% in the 4th quarter. Sterling Capital Management LLC now owns 6,317 shares of the aerospace company’s stock worth $215,000 after purchasing an additional 2,186 shares during the period. Finally, KBC Group NV lifted its position in shares of Spirit Aerosystems by 23.1% in the 1st quarter. KBC Group NV now owns 7,055 shares of the aerospace company’s stock worth $243,000 after purchasing an additional 1,322 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit Aerosystems Stock Up 0.6%

Spirit Aerosystems stock opened at $41.15 on Friday. Spirit Aerosystems Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $42.33. The firm’s fifty day moving average is $39.12 and its 200 day moving average is $36.29. The company has a market capitalization of $4.83 billion, a PE ratio of -2.06 and a beta of 1.70.

Spirit Aerosystems (NYSE:SPR) last released its earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.52) by ($2.82). The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm earned ($2.73) EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts expect that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPR. Wall Street Zen upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. Susquehanna boosted their price target on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th.

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.