Natixis Invests $18.81 Million in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Natixis acquired a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 551,815 shares of the aerospace company’s stock, valued at approximately $18,806,000.

Several other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Spirit AeroSystems by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock valued at $15,047,000 after purchasing an additional 112,286 shares during the period. Wedmont Private Capital purchased a new position in Spirit AeroSystems in the 4th quarter valued at about $253,000. FNY Investment Advisers LLC grew its stake in shares of Spirit AeroSystems by 100.0% during the fourth 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. Oak Thistle LLC increased its position in shares of Spirit AeroSystems by 12.1% during the fourth quarter. Oak Thistle LLC now owns 14,568 shares of the aerospace company’s stock worth $496,000 after acquiring an additional 1,568 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of Spirit AeroSystems in the fourth quarter worth about $231,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Up 0.7 %

SPR opened at $33.47 on Friday. The company’s 50-day moving average price is $33.62 and its 200 day moving average price is $33.13. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $37.08. 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 (NYSE:SPR) last announced 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. Research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SPR. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com assumed 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. According to MarketBeat, the stock presently 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.