Price T Rowe Associates Inc. MD Sells 101,151 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Price T Rowe Associates Inc. MD cut its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 48.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,325 shares of the aerospace company's stock after selling 101,151 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.09% of Spirit AeroSystems worth $3,659,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Spirit AeroSystems during the fourth quarter worth approximately $105,879,000. National Bank of Canada FI grew its stake in Spirit AeroSystems by 47.2% in the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company's stock valued at $125,453,000 after acquiring an additional 1,181,147 shares during the period. Alpine Associates Management Inc. increased its holdings in shares of Spirit AeroSystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock worth $105,395,000 after acquiring an additional 714,984 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of Spirit AeroSystems by 788.3% during the 4th quarter. Bank of Nova Scotia now owns 660,000 shares of the aerospace company's stock valued at $22,493,000 after purchasing an additional 585,700 shares in the last quarter. Finally, Natixis acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at approximately $18,806,000. 93.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPR has been the subject of several research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com initiated coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They issued a "hold" rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $36.56.

Spirit AeroSystems Trading Up 0.3 %

Shares of SPR traded up $0.10 on Wednesday, reaching $35.88. 919,788 shares of the company's stock traded hands, compared to its average volume of 1,993,177. The stock has a market cap of $4.21 billion, a PE ratio of -2.89 and a beta of 1.63. The stock's 50 day simple moving average is $33.87 and its two-hundred day simple moving average is $33.43. Spirit AeroSystems Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.74 billion. The business's revenue was down 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.93) EPS. Analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

About Spirit AeroSystems

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.