Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 237,883 shares of the aerospace company’s stock after selling 33,364 shares during the period. Wellington Management Group LLP owned approximately 0.20% of Spirit AeroSystems worth $7,560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd acquired a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $124,000. Blue Trust Inc. lifted its stake in Spirit AeroSystems by 33.9% during the fourth quarter. Blue Trust Inc. now owns 6,163 shares of the aerospace company’s stock valued at $196,000 after purchasing an additional 1,562 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Spirit AeroSystems in the 4th quarter valued at approximately $236,000. Finally, CWM LLC lifted its position in shares of Spirit AeroSystems by 7.7% in the 4th quarter. CWM LLC now owns 7,516 shares of the aerospace company’s stock valued at $239,000 after acquiring an additional 537 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Up 0.1 %

Shares of SPR opened at $32.86 on Friday. The company’s fifty day moving average is $31.29 and its 200-day moving average is $31.10. Spirit AeroSystems Holdings, Inc. has a 12 month low of $14.65 and a 12 month high of $36.34. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of -3.78 and a beta of 1.80.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49). The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the firm earned ($1.69) EPS. The company’s revenue was up 19.0% compared to the same quarter last year. As a group, research analysts predict that Spirit AeroSystems Holdings, Inc. will post -2.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Spirit AeroSystems from $33.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. Susquehanna upped their price target on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a research report on Friday, April 12th. Benchmark restated a “hold” rating on shares of Spirit AeroSystems in a research report on Thursday, June 20th. StockNews.com downgraded shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group upped their price target on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Spirit AeroSystems currently has an average rating of “Hold” and an average price target 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.