Free Trial

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

Spirit AeroSystems logo with Aerospace background

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.

Get Our Latest Research Report on Spirit AeroSystems

About Spirit AeroSystems

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

Should You Invest $1,000 in Spirit AeroSystems Right Now?

Before you consider Spirit AeroSystems, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spirit AeroSystems wasn't on the list.

While Spirit AeroSystems currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome
Top 5 Stocks for June: AI Picks That Aren’t NVIDIA

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines