Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Lincoln Capital Corp

Lincoln Capital Corp lessened its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 23.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,783 shares of the aerospace company’s stock after selling 2,987 shares during the quarter. Lincoln Capital Corp’s holdings in Spirit AeroSystems were worth $353,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. purchased a new position in Spirit AeroSystems in the fourth quarter valued at approximately $26,000. Riverview Trust Co purchased a new position in shares of Spirit AeroSystems in the 1st quarter valued at $35,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Spirit AeroSystems during the 4th quarter valued at $124,000. Blue Trust Inc. boosted its position in Spirit AeroSystems by 33.9% during the 4th quarter. Blue Trust Inc. now owns 6,163 shares of the aerospace company’s stock worth $196,000 after purchasing an additional 1,562 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Spirit AeroSystems in the 3rd quarter valued at $208,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPR has been the topic of a number of recent research reports. StockNews.com cut Spirit AeroSystems from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Benchmark restated a “hold” rating on shares of Spirit AeroSystems in a report on Thursday, June 20th. The Goldman Sachs Group lifted their price objective on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. UBS Group decreased their target price on shares of Spirit AeroSystems from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Finally, Stifel Nicolaus boosted their price objective on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.83.

Spirit AeroSystems Price Performance

Shares of SPR traded up $0.48 during mid-day trading on Friday, hitting $33.30. The stock had a trading volume of 490,137 shares, compared to its average volume of 3,481,023. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $36.34. The company’s fifty day simple moving average is $31.30 and its two-hundred day simple moving average is $31.07.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the firm posted ($1.69) EPS. Spirit AeroSystems’s revenue was up 19.0% compared to the same quarter last year. As a group, analysts forecast that Spirit AeroSystems Holdings, Inc. will post -2.94 EPS 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.