Vanguard Group Inc. Increases Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Vanguard Group Inc. boosted its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,802,296 shares of the aerospace company’s stock after buying an additional 203,549 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Spirit AeroSystems worth $368,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of Spirit AeroSystems in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new stake in Spirit AeroSystems during the fourth quarter valued at about $32,000. KBC Group NV grew its stake 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 valued at $195,000 after buying an additional 1,126 shares during the last quarter. Byrne Asset Management LLC grew its stake in shares of Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,390 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Spirit AeroSystems by 0.7% in the fourth quarter. Swiss National Bank now owns 229,300 shares of the aerospace company’s stock worth $7,815,000 after buying an additional 1,500 shares during the period. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Price Performance

Shares of NYSE SPR opened at $34.15 on Thursday. Spirit AeroSystems Holdings, Inc. has a 1 year low of $28.92 and a 1 year high of $37.08. The stock has a market capitalization of $3.99 billion, a P/E ratio of -2.75 and a beta of 1.77. The company’s 50-day moving average is $34.27 and its 200 day moving average is $33.23.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com began coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Finally, TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Fifteen analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Spirit AeroSystems currently has a consensus rating of “Hold” and an average target price of $36.00.

About Spirit AeroSystems

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.