Royal Bank of Canada Acquires 147,129 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Royal Bank of Canada grew its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 28.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 659,083 shares of the aerospace company's stock after buying an additional 147,129 shares during the quarter. Royal Bank of Canada owned about 0.56% of Spirit AeroSystems worth $22,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Rafferty Asset Management LLC lifted its position in Spirit AeroSystems by 5.0% in the fourth quarter. Rafferty Asset Management LLC now owns 29,930 shares of the aerospace company's stock worth $1,020,000 after purchasing an additional 1,418 shares during the period. Ratan Capital Management LP bought a new stake in Spirit AeroSystems in the fourth quarter worth about $853,000. ProShare Advisors LLC boosted its position in shares of Spirit AeroSystems by 10.0% during the 4th quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock valued at $263,000 after purchasing an additional 703 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Spirit AeroSystems by 78.1% in the 4th quarter. Quantinno Capital Management LP now owns 30,679 shares of the aerospace company's stock worth $1,046,000 after purchasing an additional 13,450 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its holdings in shares of Spirit AeroSystems by 41.7% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 483,700 shares of the aerospace company's stock worth $16,484,000 after purchasing an additional 142,400 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SPR. Wall Street Zen began coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They issued a "hold" rating on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $36.56.

Spirit AeroSystems Trading Down 0.5%

NYSE:SPR traded down $0.18 on Friday, hitting $37.61. The company's stock had a trading volume of 167,102 shares, compared to its average volume of 1,942,657. Spirit AeroSystems Holdings, Inc. has a one year low of $27.00 and a one year high of $38.33. The stock has a fifty day moving average of $34.93 and a two-hundred day moving average of $34.00. The firm has a market capitalization of $4.41 billion, a P/E ratio of -3.03 and a beta of 1.63.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported ($4.25) EPS for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business earned ($3.93) EPS. The business's quarterly revenue was down 10.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

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.