Invesco Ltd. Buys 59,815 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Invesco Ltd. raised its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,040,707 shares of the aerospace company's stock after acquiring an additional 59,815 shares during the period. Invesco Ltd. owned approximately 0.89% of Spirit AeroSystems worth $35,467,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SPR. Headlands Technologies LLC purchased a new position in Spirit AeroSystems in the fourth quarter worth about $67,000. Geode Capital Management LLC raised its holdings in Spirit AeroSystems by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,847,904 shares of the aerospace company's stock worth $62,998,000 after acquiring an additional 75,046 shares during the last quarter. National Bank of Canada FI lifted its position in Spirit AeroSystems by 47.2% in the 4th 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 in the last quarter. Wellington Management Group LLP boosted its stake in Spirit AeroSystems by 1.8% during the 4th quarter. Wellington Management Group LLP now owns 459,663 shares of the aerospace company's stock valued at $15,665,000 after purchasing an additional 7,935 shares during the last quarter. Finally, Gardner Lewis Asset Management L P bought a new stake in shares of Spirit AeroSystems in the 4th quarter worth $961,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SPR shares. StockNews.com initiated coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $36.56.

Spirit AeroSystems Price Performance

Shares of SPR stock traded up $0.67 during trading hours on Tuesday, reaching $33.96. 2,629,436 shares of the company traded hands, compared to its average volume of 2,035,037. The firm has a 50-day moving average price of $33.58 and a 200 day moving average price of $33.15. The company has a market cap of $3.97 billion, a P/E ratio of -2.73 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.94 billion. Sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

Spirit AeroSystems 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.