Legal & General Group Plc Purchases 120,273 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Legal & General Group Plc boosted its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 94.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 247,165 shares of the aerospace company’s stock after purchasing an additional 120,273 shares during the period. Legal & General Group Plc owned about 0.21% of Spirit AeroSystems worth $8,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. XTX Topco Ltd acquired a new position in Spirit AeroSystems in the third quarter worth $217,000. JPMorgan Chase & Co. raised its holdings in shares of Spirit AeroSystems by 32.0% in the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock valued at $15,047,000 after buying an additional 112,286 shares during the last quarter. Wedmont Private Capital acquired a new position in Spirit AeroSystems during the 4th quarter worth about $253,000. FNY Investment Advisers LLC increased its position in 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 acquiring an additional 5,000 shares in the last quarter. Finally, Oak Thistle LLC increased its position in 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 acquiring an additional 1,568 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Performance

NYSE:SPR opened at $33.47 on Friday. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -2.70 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $37.08. The firm’s 50-day simple moving average is $33.62 and its 200 day simple moving average is $33.13.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. Sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current year.

Analyst Upgrades and Downgrades

SPR has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com began coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating for the company. Fourteen analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus price target of $36.56.

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.