Vanguard Group Inc. grew its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,802,296 shares of the aerospace company's stock after purchasing an additional 203,549 shares during the period. Vanguard Group Inc. owned approximately 9.24% of Spirit AeroSystems worth $368,142,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Alpine Associates Management Inc. lifted its stake in Spirit AeroSystems by 30.1% in the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock valued at $105,395,000 after acquiring an additional 714,984 shares in the last quarter. National Bank of Canada FI boosted its holdings in Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company's stock worth $81,275,000 after purchasing an additional 2,438,974 shares during the last quarter. JPMorgan Chase & Co. grew its position in Spirit AeroSystems by 32.0% in the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company's stock valued at $15,047,000 after purchasing an additional 112,286 shares in the last quarter. Wellington Management Group LLP increased its stake in Spirit AeroSystems by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 451,728 shares of the aerospace company's stock valued at $14,686,000 after buying an additional 3,424 shares during the last quarter. Finally, Sand Grove Capital Management LLP bought a new stake in Spirit AeroSystems during the 3rd quarter worth about $14,099,000. 93.59% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Royal Bank of Canada restated a "sector perform" rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. TD Cowen raised Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, StockNews.com initiated coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating for the company. Fifteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $36.00.
Get Our Latest Report on SPR
Spirit AeroSystems Trading Up 0.6 %
Shares of NYSE:SPR traded up $0.19 on Monday, reaching $29.22. 2,711,371 shares of the company's stock were exchanged, compared to its average volume of 2,052,706. Spirit AeroSystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $37.08. The company has a fifty day moving average of $34.04 and a 200-day moving average of $33.17. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -2.35 and a beta of 1.41.
Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.94 billion. As a group, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.
About Spirit AeroSystems
(
Free Report)
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.
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