BNP Paribas Financial Markets Purchases 177,411 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

BNP Paribas Financial Markets increased its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 115.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,744 shares of the aerospace company's stock after acquiring an additional 177,411 shares during the period. BNP Paribas Financial Markets owned approximately 0.31% of Spirit AeroSystems worth $10,511,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SPR. Principal Securities Inc. acquired a new stake in Spirit AeroSystems in the fourth quarter valued at $26,000. Charles Schwab Investment Management Inc. increased its holdings in Spirit AeroSystems by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 806,414 shares of the aerospace company's stock valued at $25,628,000 after acquiring an additional 43,777 shares in the last quarter. Maryland State Retirement & Pension System acquired a new position in Spirit AeroSystems during the fourth quarter worth about $254,000. National Bank of Canada FI lifted its holdings in shares of Spirit AeroSystems by 20.5% in the fourth quarter. National Bank of Canada FI now owns 22,192 shares of the aerospace company's stock valued at $682,000 after purchasing an additional 3,779 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of Spirit AeroSystems in the fourth quarter valued at approximately $528,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Performance

Shares of SPR traded down $0.50 during trading hours on Friday, hitting $30.49. The stock had a trading volume of 1,619,268 shares, compared to its average volume of 3,659,545. The firm has a market cap of $3.54 billion, a P/E ratio of -3.51 and a beta of 1.79. The company's fifty day simple moving average is $33.06 and its 200 day simple moving average is $30.03. Spirit AeroSystems Holdings, Inc. has a 12-month low of $14.65 and a 12-month high of $36.34.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.62 billion. The company's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.69) earnings per share. As a group, sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post -2.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SPR shares. Royal Bank of Canada lifted their price objective on Spirit AeroSystems from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 8th. UBS Group decreased their price objective on Spirit AeroSystems from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 8th. The Goldman Sachs Group lifted their price objective on Spirit AeroSystems from $26.00 to $31.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. StockNews.com lowered shares of Spirit AeroSystems from a "hold" rating to a "sell" rating in a report on Thursday, May 9th. Finally, Morgan Stanley lowered their price target on shares of Spirit AeroSystems from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $32.83.

Spirit AeroSystems Company 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.