Intrust Bank NA Sells 400 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Intrust Bank NA decreased its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 60,088 shares of the aerospace company’s stock after selling 400 shares during the quarter. Intrust Bank NA’s holdings in Spirit AeroSystems were worth $2,048,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SPR. Norges Bank purchased a new stake in shares of Spirit AeroSystems during the 4th quarter valued at about $105,879,000. National Bank of Canada FI boosted its holdings in Spirit AeroSystems by 3,996.6% in the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after buying an additional 2,438,974 shares during the period. Bank of Montreal Can raised its stake in Spirit AeroSystems by 1,744.2% during the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock valued at $26,557,000 after purchasing an additional 758,599 shares during the period. Alpine Associates Management Inc. increased its holdings in Spirit AeroSystems by 30.1% in the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock valued at $105,395,000 after acquiring an additional 714,984 shares during the last quarter. Finally, Sand Grove Capital Management LLP purchased a new stake in shares of Spirit AeroSystems in the third quarter worth about $14,099,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPR has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com began coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They set a “hold” rating on the stock. Finally, TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Fifteen 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 Stock Down 1.5 %

Shares of Spirit AeroSystems stock opened at $34.69 on Friday. The business’s fifty day simple moving average is $34.26 and its 200-day simple moving average is $33.21. The firm has a market cap of $4.06 billion, a PE ratio of -2.79 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a 52 week low of $28.92 and a 52 week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

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.