Spirit AeroSystems (NYSE:SPR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research report sent to investors on Sunday morning. The brokerage issued a sell rating on the aerospace company’s stock.

Separately, TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, Spirit AeroSystems presently has an average rating of “Hold” and a consensus price target of $35.67.

Spirit AeroSystems Price Performance

Shares of SPR opened at $33.84 on Friday. Spirit AeroSystems has a one year low of $25.16 and a one year high of $37.08. The company has a 50-day simple moving average of $32.84 and a two-hundred day simple moving average of $33.33. The firm has a market capitalization of $3.96 billion, a PE ratio of -2.72 and a beta of 1.81.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.83 billion. Analysts expect that Spirit AeroSystems will post -11.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Waldron Private Wealth LLC bought a new position in Spirit AeroSystems during the third quarter valued at approximately $32,000. Quest Partners LLC bought a new position in shares of Spirit AeroSystems during the 3rd quarter valued at $49,000. Quarry LP lifted its holdings in shares of Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after buying an additional 751 shares during the period. KBC Group NV boosted its stake in shares of Spirit AeroSystems by 20.1% in the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after buying an additional 771 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Spirit AeroSystems in the second quarter worth $207,000. 93.59% of the stock is owned by institutional investors.

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.