Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Purchased by Legal & General Group Plc

Legal & General Group Plc raised its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 94.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 247,165 shares of the aerospace company's stock after purchasing an additional 120,273 shares during the period. Legal & General Group Plc owned 0.21% of Spirit AeroSystems worth $8,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in Spirit AeroSystems during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. purchased a new position in Spirit AeroSystems in the 4th quarter worth $32,000. KBC Group NV grew its stake in Spirit AeroSystems by 24.4% during the 4th quarter. KBC Group NV now owns 5,733 shares of the aerospace company's stock valued at $195,000 after purchasing an additional 1,126 shares during the last quarter. Byrne Asset Management LLC increased its holdings in shares of Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after purchasing an additional 1,390 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Spirit AeroSystems by 0.7% during the fourth quarter. Swiss National Bank now owns 229,300 shares of the aerospace company's stock worth $7,815,000 after purchasing an additional 1,500 shares during the period. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Performance

Shares of SPR traded up $0.89 during trading hours on Wednesday, hitting $34.83. 1,270,229 shares of the stock were exchanged, compared to its average volume of 2,032,081. The stock's 50-day moving average price is $33.58 and its two-hundred day moving average price is $33.15. The company has a market cap of $4.07 billion, a price-to-earnings ratio of -2.80 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 issued its earnings results on Friday, February 28th. The aerospace company reported ($4.22) EPS for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.94 billion. On average, research analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on SPR. Royal Bank of Canada restated 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 initiated coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating for the company. Fourteen research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Spirit AeroSystems presently has an average rating of "Hold" and a consensus price target of $36.56.

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.