Wellington Management Group LLP Grows Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Wellington Management Group LLP boosted its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 459,663 shares of the aerospace company's stock after acquiring an additional 7,935 shares during the period. Wellington Management Group LLP owned 0.39% of Spirit AeroSystems worth $15,665,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SPR. KBC Group NV grew its holdings in Spirit AeroSystems by 24.4% in the fourth quarter. KBC Group NV now owns 5,733 shares of the aerospace company's stock worth $195,000 after purchasing an additional 1,126 shares during the period. R Squared Ltd purchased a new stake in Spirit AeroSystems in the fourth quarter worth about $30,000. Oak Family Advisors LLC purchased a new stake in Spirit AeroSystems in the fourth quarter worth about $999,000. Byrne Asset Management LLC grew its holdings in Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after purchasing an additional 1,390 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Spirit AeroSystems in the fourth quarter worth about $366,000. Institutional investors own 93.59% of the company's stock.

Spirit AeroSystems Price Performance

Spirit AeroSystems stock traded down $0.16 during midday trading on Thursday, reaching $37.63. 1,114,462 shares of the company traded hands, compared to its average volume of 1,942,646. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of -3.03 and a beta of 1.63. The business has a 50 day moving average of $35.21 and a two-hundred day moving average of $34.24. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $38.43.

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

Wall Street Analysts Forecast Growth

SPR has been the topic of a number of recent research reports. Royal Bank of Canada restated a "sector perform" rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Wall Street Zen began coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $36.56.

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.