Northern Trust Corp Purchases 68,183 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Northern Trust Corp increased its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 565,069 shares of the aerospace company's stock after purchasing an additional 68,183 shares during the period. Northern Trust Corp owned approximately 0.48% of Spirit AeroSystems worth $19,258,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SPR. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in Spirit AeroSystems by 161.8% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company's stock worth $12,080,000 after buying an additional 219,057 shares during the period. Proficio Capital Partners LLC bought a new position in Spirit AeroSystems during the 4th quarter valued at about $520,000. SBI Securities Co. Ltd. purchased a new stake in Spirit AeroSystems in the 4th quarter worth about $32,000. Oak Family Advisors LLC bought a new stake in Spirit AeroSystems in the fourth quarter worth about $999,000. Finally, Spectrum Financial Alliance Ltd LLC purchased a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $2,270,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Wall Street Analysts Forecast Growth

SPR has been the topic of several recent analyst reports. StockNews.com began coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a "hold" rating on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note 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 MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $36.56.

Spirit AeroSystems Price Performance

NYSE:SPR opened at $37.32 on Wednesday. Spirit AeroSystems Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $37.56. The company has a 50-day moving average of $34.10 and a 200 day moving average of $33.56. The firm has a market cap of $4.38 billion, a PE ratio of -3.00 and a beta of 1.63.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported ($4.25) EPS 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. During the same period in the prior year, the company posted ($3.93) EPS. The business's quarterly revenue was down 10.6% on a year-over-year basis. Sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Spirit AeroSystems 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.

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