Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI raised its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 47.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,681,147 shares of the aerospace company’s stock after purchasing an additional 1,181,147 shares during the period. National Bank of Canada FI owned about 3.15% of Spirit AeroSystems worth $125,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SPR. JPMorgan Chase & Co. increased its stake 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 worth $15,047,000 after buying an additional 112,286 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Spirit AeroSystems in the 4th quarter worth about $520,000. SBI Securities Co. Ltd. acquired a new stake in shares of Spirit AeroSystems in the 4th quarter valued at about $32,000. Oak Family Advisors LLC bought a new position in shares of Spirit AeroSystems during the fourth quarter worth about $999,000. Finally, Spectrum Financial Alliance Ltd LLC acquired a new position in Spirit AeroSystems in the fourth quarter worth about $2,270,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Performance

Spirit AeroSystems stock opened at $34.49 on Tuesday. Spirit AeroSystems Holdings, Inc. has a one year low of $28.92 and a one year high of $37.08. The company has a 50-day simple moving average of $34.27 and a 200-day simple moving average of $33.21. The firm has a market capitalization of $4.03 billion, a P/E ratio of -2.78 and a beta of 1.77.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports 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 initiated coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating on the stock. Finally, TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Fifteen investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $36.00.

About Spirit AeroSystems

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.