Invesco Ltd. Acquires 59,815 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Invesco Ltd. raised its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 6.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,040,707 shares of the aerospace company’s stock after acquiring an additional 59,815 shares during the period. Invesco Ltd. owned approximately 0.89% of Spirit AeroSystems worth $35,467,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SPR. Vanguard Group Inc. increased its holdings in Spirit AeroSystems by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company’s stock valued at $368,142,000 after purchasing an additional 203,549 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Spirit AeroSystems by 47.2% in the 4th quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company’s stock valued at $125,453,000 after acquiring an additional 1,181,147 shares during the last quarter. Norges Bank acquired a new stake in shares of Spirit AeroSystems in the 4th quarter valued at approximately $105,879,000. Alpine Associates Management Inc. boosted its stake in Spirit AeroSystems by 30.1% during the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after acquiring an additional 714,984 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Spirit AeroSystems by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 1,847,904 shares of the aerospace company’s stock valued at $62,998,000 after purchasing an additional 75,046 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SPR shares. Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, StockNews.com started coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.56.

Spirit AeroSystems Trading Up 0.3 %

NYSE SPR opened at $33.25 on Thursday. The firm’s fifty day moving average price is $33.66 and its two-hundred day moving average price is $33.12. Spirit AeroSystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $37.08. The firm has a market capitalization of $3.89 billion, a P/E ratio of -2.68 and a beta of 1.41.

Spirit AeroSystems (NYSE:SPR) last issued 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 company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.94 billion. On average, research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS 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.