Rhumbline Advisers Boosts Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Rhumbline Advisers grew its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 125,037 shares of the aerospace company’s stock after purchasing an additional 3,454 shares during the period. Rhumbline Advisers’ holdings in Spirit AeroSystems were worth $4,261,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SPR. National Bank of Canada FI lifted its position in shares of Spirit AeroSystems by 3,996.6% during the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock valued at $81,275,000 after buying an additional 2,438,974 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in Spirit AeroSystems in the 3rd quarter worth approximately $77,296,000. Bank of Montreal Can lifted its stake in Spirit AeroSystems by 1,744.2% in the third quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock worth $26,557,000 after acquiring an additional 758,599 shares during the period. ING Groep NV bought a new stake in Spirit AeroSystems during the 3rd quarter valued at approximately $16,817,000. Finally, Sand Grove Capital Management LLP purchased a new stake in shares of Spirit AeroSystems in the 3rd quarter worth about $14,099,000. 93.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SPR has been the topic of several analyst reports. StockNews.com began coverage on shares of Spirit AeroSystems in a research note on Friday. They issued a “sell” rating on the stock. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $36.00.

Spirit AeroSystems Stock Up 1.2 %

Shares of SPR opened at $34.89 on Friday. The stock has a fifty day simple moving average of $34.11 and a two-hundred day simple moving average of $33.26. The company has a market capitalization of $4.08 billion, a PE ratio of -2.81 and a beta of 1.80. Spirit AeroSystems Holdings, Inc. has a 52-week low of $28.32 and a 52-week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Tuesday, March 4th. The aerospace company reported ($4.22) EPS for the quarter, missing the consensus estimate of ($1.86) by ($2.36). As a group, equities analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Spirit AeroSystems Company 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.