US Bancorp DE Has $1.07 Million Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

US Bancorp DE lessened its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 57.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,932 shares of the aerospace company's stock after selling 43,816 shares during the quarter. US Bancorp DE's holdings in Spirit AeroSystems were worth $1,071,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in Spirit AeroSystems by 148.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company's stock worth $44,000 after buying an additional 724 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Spirit AeroSystems in the 1st quarter valued at about $466,000. Swiss National Bank lifted its stake in Spirit AeroSystems by 10.2% in the 1st quarter. Swiss National Bank now owns 228,600 shares of the aerospace company's stock valued at $8,246,000 after purchasing an additional 21,100 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Spirit AeroSystems during the first quarter worth about $5,078,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in Spirit AeroSystems by 3.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 121,596 shares of the aerospace company's stock worth $4,199,000 after purchasing an additional 3,859 shares during the period. Institutional investors own 93.59% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com initiated coverage on Spirit AeroSystems in a research note on Friday. They set a "sell" rating for the company. Robert W. Baird reaffirmed a "neutral" rating and issued a $37.25 price objective (up from $36.00) on shares of Spirit AeroSystems in a report on Friday, July 12th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. Susquehanna reissued a "neutral" rating and set a $37.00 price target (down previously from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 17th. Finally, Truist Financial lifted their price objective on Spirit AeroSystems from $30.00 to $35.00 and gave the company a "hold" rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Spirit AeroSystems currently has a consensus rating of "Hold" and a consensus price target of $35.54.

Spirit AeroSystems Stock Performance

Shares of Spirit AeroSystems stock traded up $0.29 during midday trading on Friday, hitting $31.15. 4,403,055 shares of the company traded hands, compared to its average volume of 3,055,380. The firm's fifty day moving average price is $32.61 and its 200-day moving average price is $32.81. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -2.51 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a 12 month low of $23.61 and a 12 month high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.83 billion. Equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -9.91 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.