3,106,766 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Bought by Norges Bank

Norges Bank bought a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,106,766 shares of the aerospace company's stock, valued at approximately $105,879,000. Norges Bank owned 2.66% of Spirit AeroSystems at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd purchased a new position in shares of Spirit AeroSystems in the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in Spirit AeroSystems during the 4th quarter valued at approximately $32,000. Byrne Asset Management LLC lifted its holdings in Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after buying an additional 1,390 shares during the period. Vestcor Inc bought a new stake in shares of Spirit AeroSystems in the 4th quarter worth approximately $97,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $149,000. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Price Performance

SPR stock traded down $1.57 during trading on Thursday, hitting $32.50. 2,647,662 shares of the stock traded hands, compared to its average volume of 2,055,482. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of -2.62 and a beta of 1.77. Spirit AeroSystems Holdings, Inc. has a 1 year low of $28.92 and a 1 year high of $37.08. The firm's 50 day moving average is $34.24 and its two-hundred day moving average is $33.22.

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Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on SPR shares. Royal Bank of Canada reissued a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a report on Thursday, December 19th. Finally, StockNews.com initiated coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Spirit AeroSystems currently has a consensus rating of "Hold" and an average target price of $36.00.

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.