Teacher Retirement System of Texas Makes New Investment in Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

Teacher Retirement System of Texas purchased a new position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 31,557 shares of the aerospace company's stock, valued at approximately $1,087,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPR. Proficio Capital Partners LLC purchased a new position in Spirit Aerosystems in the 4th quarter worth approximately $520,000. Raymond James Financial Inc. purchased a new position in Spirit Aerosystems in the 4th quarter worth approximately $290,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Spirit Aerosystems by 20.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,231 shares of the aerospace company's stock worth $1,030,000 after acquiring an additional 5,135 shares during the period. Swiss National Bank boosted its holdings in Spirit Aerosystems by 0.7% in the 4th quarter. Swiss National Bank now owns 229,300 shares of the aerospace company's stock worth $7,815,000 after acquiring an additional 1,500 shares during the period. Finally, Vestcor Inc purchased a new position in Spirit Aerosystems in the 4th quarter worth approximately $97,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Spirit Aerosystems Stock Up 0.7%

Shares of SPR traded up $0.27 during trading on Thursday, reaching $40.77. The company's stock had a trading volume of 633,889 shares, compared to its average volume of 1,503,085. The company has a fifty day moving average of $37.92 and a two-hundred day moving average of $35.37. Spirit Aerosystems Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $41.14. The company has a market cap of $4.78 billion, a price-to-earnings ratio of -2.24 and a beta of 1.61.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.74 billion. The company's quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($3.93) earnings per share. As a group, equities analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Susquehanna set a $40.00 target price on Spirit Aerosystems and gave the company a "neutral" rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $37.42.

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.