Wellington Management Group LLP Has $7.56 Million Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Wellington Management Group LLP trimmed its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 12.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 237,883 shares of the aerospace company’s stock after selling 33,364 shares during the period. Wellington Management Group LLP’s holdings in Spirit AeroSystems were worth $7,560,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Treasurer of the State of North Carolina increased its holdings in Spirit AeroSystems by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 46,362 shares of the aerospace company’s stock worth $1,473,000 after buying an additional 460 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Spirit AeroSystems by 3.2% in the fourth quarter. HB Wealth Management LLC now owns 15,035 shares of the aerospace company’s stock valued at $478,000 after purchasing an additional 464 shares during the last quarter. CWM LLC increased its holdings in shares of Spirit AeroSystems by 7.7% in the fourth quarter. CWM LLC now owns 7,516 shares of the aerospace company’s stock valued at $239,000 after purchasing an additional 537 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Spirit AeroSystems by 0.5% in the fourth quarter. Fifth Third Bancorp now owns 115,301 shares of the aerospace company’s stock valued at $3,664,000 after purchasing an additional 609 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at $26,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPR has been the topic of several research reports. Susquehanna upped their price objective on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, April 12th. StockNews.com downgraded shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Royal Bank of Canada upped their price objective on shares of Spirit AeroSystems from $33.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, May 8th. Stifel Nicolaus upped their price target on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. Finally, Benchmark restated a “hold” rating on shares of Spirit AeroSystems in a research note on Thursday, June 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.83.

Spirit AeroSystems Stock Up 0.1 %

SPR opened at $32.86 on Friday. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of -3.78 and a beta of 1.80. Spirit AeroSystems Holdings, Inc. has a twelve month low of $14.65 and a twelve month high of $36.34. The company has a 50-day simple moving average of $31.29 and a 200 day simple moving average of $31.10.

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

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.