Spirit Aerosystems Holdings, Inc. $SPR Shares Purchased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has increased its stake in Spirit Aerosystems by 11.1%, owning 510,710 shares valued at approximately $17.6 million.
• Spirit Aerosystems reported a significant earnings miss in its latest quarterly results, with an earnings per share of ($3.34) compared to an expected ($0.52).
• The stock has a market cap of $4.87 billion and has seen a one-year price range between $27.00 and $42.33.

Wellington Management Group LLP boosted its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) by 11.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510,710 shares of the aerospace company's stock after purchasing an additional 51,047 shares during the quarter. Wellington Management Group LLP owned about 0.44% of Spirit Aerosystems worth $17,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in Spirit Aerosystems in the fourth quarter worth about $290,000. Mariner LLC boosted its holdings in Spirit Aerosystems by 43.1% in the fourth quarter. Mariner LLC now owns 19,091 shares of the aerospace company's stock worth $651,000 after acquiring an additional 5,751 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Spirit Aerosystems by 33.6% in the fourth quarter. Hsbc Holdings PLC now owns 13,509 shares of the aerospace company's stock worth $458,000 after acquiring an additional 3,397 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Spirit Aerosystems in the fourth quarter worth about $1,435,000. Finally, Northern Trust Corp boosted its holdings in Spirit Aerosystems by 13.7% in the fourth quarter. Northern Trust Corp now owns 565,069 shares of the aerospace company's stock worth $19,258,000 after acquiring an additional 68,183 shares in the last quarter. Institutional investors own 93.59% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SPR. Susquehanna raised their price objective on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen upgraded Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research note 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.63.

Spirit Aerosystems Price Performance

SPR stock traded down $0.18 during trading on Monday, hitting $41.63. 786,974 shares of the company traded hands, compared to its average volume of 725,625. The stock's 50-day simple moving average is $39.78 and its 200 day simple moving average is $36.76. The company has a market cap of $4.89 billion, a PE ratio of -2.08 and a beta of 1.74. Spirit Aerosystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $42.33.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share 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 the consensus estimate of $1.82 billion. The company's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.73) EPS. Research analysts expect that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current 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.