Spirit AeroSystems’ (SPR) Peer Perform Rating Reaffirmed at Wolfe Research

Wolfe Research reissued their peer perform rating on shares of Spirit AeroSystems (NYSE:SPR) in a research report sent to investors on Wednesday morning, Benzinga reports.

A number of other research firms have also commented on SPR. Susquehanna lifted their price objective on Spirit AeroSystems from $33.00 to $40.00 and gave the stock a positive rating in a research note on Friday, April 12th. Sanford C. Bernstein reiterated a market perform rating on shares of Spirit AeroSystems in a research note on Monday. The Goldman Sachs Group lifted their price objective on Spirit AeroSystems from $26.00 to $31.00 and gave the stock a neutral rating in a research note on Tuesday, April 16th. Stifel Nicolaus lifted their price objective on Spirit AeroSystems from $34.00 to $37.25 and gave the stock a hold rating in a research note on Monday. Finally, Benchmark restated a hold rating on shares of Spirit AeroSystems in a research note on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $33.42.

Spirit AeroSystems Stock Up 0.3 %

SPR opened at $34.62 on Wednesday. Spirit AeroSystems has a 12-month low of $14.65 and a 12-month high of $36.34. The stock has a fifty day moving average of $31.61 and a 200-day moving average of $31.34. The firm has a market capitalization of $4.03 billion, a P/E ratio of -3.98 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the company posted ($1.69) EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, analysts expect that Spirit AeroSystems will post -3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Spirit AeroSystems

Hedge funds have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Spirit AeroSystems during the first quarter worth $25,000. Principal Securities Inc. acquired a new position in Spirit AeroSystems in the fourth quarter valued at $26,000. Riverview Trust Co acquired a new position in Spirit AeroSystems in the first quarter valued at $35,000. Allspring Global Investments Holdings LLC lifted its holdings in Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after buying an additional 724 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in Spirit AeroSystems by 586.2% in the first quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,659 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

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.