Rhumbline Advisers Purchases 3,454 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Rhumbline Advisers lifted its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,037 shares of the aerospace company’s stock after buying an additional 3,454 shares during the period. Rhumbline Advisers owned about 0.11% of Spirit AeroSystems worth $4,261,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. R Squared Ltd bought a new position in Spirit AeroSystems in the fourth quarter valued at $30,000. Quest Partners LLC acquired a new position in shares of Spirit AeroSystems during the 3rd quarter worth about $49,000. Byrne Asset Management LLC grew its holdings in shares of Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 1,390 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Spirit AeroSystems during the fourth quarter worth about $149,000. Finally, KBC Group NV boosted its position in Spirit AeroSystems by 20.1% during the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock valued at $150,000 after purchasing an additional 771 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Stock Performance

Shares of SPR stock opened at $34.89 on Friday. The stock’s fifty day moving average price is $34.11 and its two-hundred day moving average price is $33.26. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $28.32 and a fifty-two week high of $37.08. The company has a market cap of $4.08 billion, a PE ratio of -2.81 and a beta of 1.80.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Tuesday, March 4th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($2.36). On average, equities analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Analysts Set New Price Targets

SPR has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, StockNews.com started coverage on Spirit AeroSystems in a report on Friday. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, Spirit AeroSystems currently has an average rating of “Hold” and an average target price of $36.00.

About Spirit AeroSystems

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.