Fmr LLC Has $479.69 Million Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Fmr LLC decreased its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,755,080 shares of the aerospace company’s stock after selling 2,276,164 shares during the quarter. Fmr LLC owned about 0.13% of Spirit AeroSystems worth $479,688,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPR. The Manufacturers Life Insurance Company boosted its position in shares of Spirit AeroSystems by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock worth $723,000 after purchasing an additional 332 shares in the last quarter. Ensign Peak Advisors Inc lifted its holdings in Spirit AeroSystems by 1.4% during the second quarter. Ensign Peak Advisors Inc now owns 35,466 shares of the aerospace company’s stock worth $1,166,000 after acquiring an additional 500 shares in the last quarter. Inspire Investing LLC grew its stake in Spirit AeroSystems by 6.4% in the second quarter. Inspire Investing LLC now owns 10,689 shares of the aerospace company’s stock valued at $351,000 after acquiring an additional 643 shares during the period. Arizona State Retirement System increased its holdings in shares of Spirit AeroSystems by 2.3% in the second quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company’s stock worth $1,069,000 after acquiring an additional 724 shares in the last quarter. Finally, Quarry LP raised its position in shares of Spirit AeroSystems by 49.0% during the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after purchasing an additional 751 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

SPR opened at $32.32 on Friday. The business’s 50-day simple moving average is $32.09 and its 200 day simple moving average is $32.77. The firm has a market capitalization of $3.78 billion, a PE ratio of -2.60 and a beta of 1.84. Spirit AeroSystems Holdings, Inc. has a 52-week low of $25.16 and a 52-week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.83 billion. On average, research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPR. StockNews.com started coverage on Spirit AeroSystems in a research report on Sunday, November 24th. They issued a “sell” rating for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.67.

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.