Vanguard Group Inc. Has $370.96 Million Stock Position in Spirit Aerosystems Holdings, Inc. $SPR

Key Points

• Vanguard Group Inc. reduced its stake in Spirit Aerosystems by 0.3%, owning 10,765,034 shares worth approximately $370.96 million at the end of the recent quarter.
• Spirit Aerosystems' quarterly earnings reported a loss of ($3.34) earnings per share, significantly missing consensus estimates of ($0.52).
• The stock has shown a 1-year price range of $27.00 to $42.33 and currently has a market cap of $4.83 billion.

Vanguard Group Inc. decreased its position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,765,034 shares of the aerospace company's stock after selling 37,262 shares during the quarter. Vanguard Group Inc. owned about 9.18% of Spirit Aerosystems worth $370,963,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC boosted its position in Spirit Aerosystems by 128.2% during the first quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company's stock worth $161,000 after purchasing an additional 2,629 shares during the period. Cetera Investment Advisers bought a new stake in shares of Spirit Aerosystems in the first quarter valued at approximately $211,000. Sterling Capital Management LLC boosted its position in shares of Spirit Aerosystems by 52.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,317 shares of the aerospace company's stock valued at $215,000 after acquiring an additional 2,186 shares during the period. KBC Group NV boosted its position in shares of Spirit Aerosystems by 23.1% in the first quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock valued at $243,000 after acquiring an additional 1,322 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Spirit Aerosystems by 10.0% in the fourth quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock valued at $263,000 after acquiring an additional 703 shares during the period. Institutional investors own 93.59% of the company's stock.

Spirit Aerosystems Stock Performance

Shares of NYSE SPR traded up $0.1370 during midday trading on Thursday, reaching $39.7770. 665,216 shares of the company traded hands, compared to its average volume of 767,521. The firm has a market cap of $4.67 billion, a PE ratio of -1.99 and a beta of 1.70. The stock's 50-day simple moving average is $39.26 and its 200-day simple moving average is $36.45. Spirit Aerosystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $42.33.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.52) by ($2.82). The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.82 billion. The business's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.73) earnings per share. On average, equities research analysts expect that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

Wall Street Analysts Forecast Growth

SPR has been the subject of several research reports. Susquehanna increased their price objective on Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen raised Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.63.

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.