551,815 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Purchased by Natixis

Natixis bought a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 551,815 shares of the aerospace company’s stock, valued at approximately $18,806,000. Natixis owned 0.47% of Spirit AeroSystems at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Spirit AeroSystems by 161.8% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company’s stock worth $12,080,000 after acquiring an additional 219,057 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Spirit AeroSystems by 33.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 103,150 shares of the aerospace company’s stock valued at $3,515,000 after buying an additional 25,950 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Spirit AeroSystems by 10.4% during the 4th quarter. Gabelli Funds LLC now owns 276,597 shares of the aerospace company’s stock worth $9,426,000 after acquiring an additional 26,000 shares in the last quarter. Mariner LLC grew its holdings in shares of Spirit AeroSystems by 43.1% in the 4th quarter. Mariner LLC now owns 19,091 shares of the aerospace company’s stock worth $651,000 after acquiring an additional 5,751 shares during the period. Finally, Sterling Capital Management LLC increased its stake in Spirit AeroSystems by 52.9% in the 4th quarter. Sterling Capital Management LLC now owns 6,317 shares of the aerospace company’s stock valued at $215,000 after purchasing an additional 2,186 shares in the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Performance

Shares of SPR opened at $33.47 on Friday. The company has a market capitalization of $3.91 billion, a PE ratio of -2.70 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $37.08. The stock has a fifty day moving average of $33.62 and a two-hundred day moving average of $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 analysts’ consensus estimates of ($1.86) by ($2.36). The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.94 billion. As a group, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com started coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They issued a “hold” rating for the company. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fourteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Spirit AeroSystems currently has an average rating of “Hold” and an average target price 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.