Senator Investment Group LP Buys 74,145 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Senator Investment Group LP increased its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 415.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,000 shares of the aerospace company's stock after acquiring an additional 74,145 shares during the period. Senator Investment Group LP owned about 0.08% of Spirit AeroSystems worth $124,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Treasurer of the State of North Carolina lifted its stake in Spirit AeroSystems by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 50,980 shares of the aerospace company's stock valued at $1,737,000 after acquiring an additional 320 shares during the last quarter. R Squared Ltd acquired a new position in Spirit AeroSystems in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. bought a new position in Spirit AeroSystems during the fourth quarter worth about $32,000. KBC Group NV increased its holdings in shares of Spirit AeroSystems by 24.4% during the fourth quarter. KBC Group NV now owns 5,733 shares of the aerospace company's stock worth $195,000 after purchasing an additional 1,126 shares during the period. Finally, Byrne Asset Management LLC raised 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 valued at $70,000 after acquiring an additional 1,390 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Up 0.3 %

SPR traded up $0.12 during trading on Friday, hitting $34.93. The company's stock had a trading volume of 1,285,321 shares, compared to its average volume of 2,014,593. The stock's fifty day moving average price is $33.60 and its 200-day moving average price is $33.20. The firm has a market capitalization of $4.08 billion, a P/E ratio of -2.81 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve 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 company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. Equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SPR shares. StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fourteen 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, the stock currently 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.