Spirit Aerosystems Holdings, Inc. $SPR Shares Sold by Vanguard Group Inc.

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. lessened its stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,765,034 shares of the aerospace company's stock after selling 37,262 shares during the period. Vanguard Group Inc. owned about 9.18% of Spirit Aerosystems worth $370,963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Adage Capital Partners GP L.L.C. raised its stake in Spirit Aerosystems by 73.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company's stock valued at $83,114,000 after buying an additional 1,029,989 shares in the last quarter. TIG Advisors LLC raised its stake in Spirit Aerosystems by 66.8% during the fourth quarter. TIG Advisors LLC now owns 1,739,094 shares of the aerospace company's stock valued at $59,268,000 after buying an additional 696,533 shares in the last quarter. Appian Way Asset Management LP raised its stake in Spirit Aerosystems by 129.0% during the fourth quarter. Appian Way Asset Management LP now owns 1,131,506 shares of the aerospace company's stock valued at $38,562,000 after buying an additional 637,451 shares in the last quarter. SG Americas Securities LLC raised its stake in Spirit Aerosystems by 195.6% during the first quarter. SG Americas Securities LLC now owns 962,903 shares of the aerospace company's stock valued at $33,182,000 after buying an additional 637,110 shares in the last quarter. Finally, Natixis acquired a new stake in Spirit Aerosystems during the fourth quarter valued at approximately $18,806,000. Institutional investors own 93.59% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on SPR shares. Wall Street Zen upgraded Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 9th. Susquehanna upped their target price on Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $38.63.

Spirit Aerosystems Price Performance

Shares of NYSE SPR traded down $0.8070 during midday trading on Tuesday, hitting $39.7730. 786,896 shares of the company's stock were exchanged, compared to its average volume of 1,198,590. The stock's 50 day moving average price is $39.16 and its 200-day moving average price is $36.37. The firm has a market cap of $4.67 billion, a P/E ratio of -1.99 and a beta of 1.70. Spirit Aerosystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $42.33.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) EPS for the quarter, missing the consensus estimate of ($0.52) by ($2.82). The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter last year, the firm posted ($2.73) earnings per share. Spirit Aerosystems's quarterly revenue was up 9.6% compared to the same quarter last year. On average, analysts expect 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.