State of New Jersey Common Pension Fund D Has $1.85 Million Stock Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

State of New Jersey Common Pension Fund D lessened its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,934 shares of the aerospace company’s stock after selling 6,591 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Spirit AeroSystems were worth $1,851,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Spirit AeroSystems by 1.0% in the first quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after buying an additional 109,632 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Spirit AeroSystems by 180,792.9% in the 3rd quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock valued at $779,000 after purchasing an additional 25,311 shares during the period. Earnest Partners LLC boosted its position in shares of Spirit AeroSystems by 2.6% in the 2nd quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock worth $134,644,000 after purchasing an additional 105,350 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Spirit AeroSystems during the second quarter worth $924,000. Finally, State Board of Administration of Florida Retirement System increased its holdings in Spirit AeroSystems by 3.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 121,596 shares of the aerospace company’s stock valued at $4,199,000 after purchasing an additional 3,859 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Trading Up 2.1 %

SPR opened at $31.35 on Tuesday. The stock has a market capitalization of $3.65 billion, a P/E ratio of -2.52 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a 12 month low of $24.80 and a 12 month high of $37.08. The firm’s fifty day simple moving average is $32.25 and its 200 day simple moving average is $32.76.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.83 billion. On average, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -12.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPR has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. StockNews.com started coverage on shares of Spirit AeroSystems in a report on Saturday. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Spirit AeroSystems has a consensus rating of “Hold” and an average price target of $35.67.

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.