Wellington Management Group LLP Purchases 7,935 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Wellington Management Group LLP grew its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 459,663 shares of the aerospace company’s stock after buying an additional 7,935 shares during the period. Wellington Management Group LLP owned 0.39% of Spirit AeroSystems worth $15,665,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SPR. R Squared Ltd purchased a new stake in shares of Spirit AeroSystems in the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Spirit AeroSystems in the 4th quarter worth $32,000. Headlands Technologies LLC purchased a new position in shares of Spirit AeroSystems in the fourth quarter worth $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 purchasing an additional 1,390 shares in the last quarter. Finally, Vestcor Inc purchased a new stake in shares of Spirit AeroSystems during the fourth quarter valued at $97,000. Institutional investors own 93.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SPR. Wall Street Zen assumed coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They set a “hold” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $36.56.

Spirit AeroSystems Price Performance

Shares of NYSE SPR opened at $37.35 on Monday. The stock has a market cap of $4.38 billion, a PE ratio of -3.01 and a beta of 1.63. Spirit AeroSystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $38.33. The firm has a fifty day moving average price of $34.97 and a 200-day moving average price of $34.09.

Spirit AeroSystems (NYSE:SPR) last posted 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 business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period last year, the firm earned ($3.93) EPS. On average, research analysts expect that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

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.