First Trust Advisors LP Sells 182,508 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

First Trust Advisors LP decreased its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 493,244 shares of the aerospace company's stock after selling 182,508 shares during the quarter. First Trust Advisors LP owned about 0.42% of Spirit AeroSystems worth $16,810,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SPR. JPMorgan Chase & Co. grew its holdings in Spirit AeroSystems by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company's stock valued at $15,047,000 after purchasing an additional 112,286 shares during the period. Wedmont Private Capital bought a new position in shares of Spirit AeroSystems during the fourth quarter worth $253,000. FNY Investment Advisers LLC grew its holdings in shares of Spirit AeroSystems by 100.0% in the 4th quarter. FNY Investment Advisers LLC now owns 10,000 shares of the aerospace company's stock valued at $340,000 after buying an additional 5,000 shares during the period. Oak Thistle LLC increased its position in shares of Spirit AeroSystems by 12.1% in the 4th quarter. Oak Thistle LLC now owns 14,568 shares of the aerospace company's stock valued at $496,000 after buying an additional 1,568 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Spirit AeroSystems during the fourth quarter worth about $231,000. 93.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Spirit AeroSystems Price Performance

NYSE SPR traded up $0.28 during trading on Friday, reaching $36.25. 532,518 shares of the company's stock were exchanged, compared to its average volume of 1,348,068. The business has a 50 day moving average price of $33.74 and a 200-day moving average price of $33.32. The stock has a market capitalization of $4.24 billion, a P/E ratio of -2.92 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $37.08.

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