Legal & General Group Plc Buys 120,273 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Legal & General Group Plc increased its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 94.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 247,165 shares of the aerospace company's stock after buying an additional 120,273 shares during the quarter. Legal & General Group Plc owned 0.21% of Spirit AeroSystems worth $8,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at $30,000. SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $32,000. Headlands Technologies LLC bought a new stake in Spirit AeroSystems in the fourth quarter valued at $67,000. Byrne Asset Management LLC lifted its holdings in shares of Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after acquiring an additional 1,390 shares during the period. Finally, Vestcor Inc acquired a new stake in shares of Spirit AeroSystems in the 4th quarter valued at $97,000. 93.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SPR. StockNews.com initiated coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating for the company. Royal Bank of Canada restated a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fourteen equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $36.56.

Spirit AeroSystems Stock Performance

Spirit AeroSystems stock traded up $0.15 during mid-day trading on Thursday, reaching $35.03. The company's stock had a trading volume of 182,840 shares, compared to its average volume of 2,018,365. Spirit AeroSystems Holdings, Inc. has a 12 month low of $27.00 and a 12 month high of $37.08. The business's 50 day simple moving average is $33.59 and its 200 day simple moving average is $33.16. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -2.82 and a beta of 1.41.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. As a group, sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

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.