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

Vanguard Group Inc. increased its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 8.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,844,853 shares of the aerospace company’s stock after acquiring an additional 876,673 shares during the quarter. Vanguard Group Inc. owned about 9.34% of Spirit AeroSystems worth $344,649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPR. Principal Securities Inc. purchased a new position in shares of Spirit AeroSystems in the fourth quarter worth about $26,000. Harvest Fund Management Co. Ltd purchased a new position in Spirit AeroSystems in the 4th quarter valued at approximately $124,000. Blue Trust Inc. raised its holdings in Spirit AeroSystems by 33.9% during the 4th quarter. Blue Trust Inc. now owns 6,163 shares of the aerospace company’s stock valued at $196,000 after acquiring an additional 1,562 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of Spirit AeroSystems in the third quarter worth $208,000. Finally, SG Americas Securities LLC purchased a new position in shares of Spirit AeroSystems in the fourth quarter valued at $236,000. 93.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Benchmark reissued a “hold” rating on shares of Spirit AeroSystems in a report on Thursday, June 20th. Susquehanna raised their price objective on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, April 12th. StockNews.com lowered shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Stifel Nicolaus raised their price target on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Finally, Royal Bank of Canada upped their price target on shares of Spirit AeroSystems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Spirit AeroSystems has an average rating of “Hold” and an average price target of $32.83.

Spirit AeroSystems Stock Performance

Shares of SPR opened at $32.86 on Friday. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $36.34. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of -3.78 and a beta of 1.80. The firm has a 50 day moving average price of $31.29 and a 200-day moving average price of $31.10.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the company earned ($1.69) earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. As a group, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post -2.94 earnings per share for the current year.

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.