Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives Average Rating of “Hold” from Analysts

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have earned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Fifteen analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $35.67.

SPR has been the subject of a number of research analyst reports. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. StockNews.com began coverage on shares of Spirit AeroSystems in a research note on Monday, January 27th. They issued a “sell” rating for the company.

Spirit AeroSystems Stock Performance

Shares of SPR stock opened at $33.89 on Monday. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of -2.73 and a beta of 1.81. The stock’s 50-day simple moving average is $33.42 and its 200-day simple moving average is $33.30. Spirit AeroSystems has a fifty-two week low of $25.50 and a fifty-two week high of $37.08.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can raised its stake in Spirit AeroSystems by 3.3% in the second quarter. Bank of Montreal Can now owns 43,492 shares of the aerospace company’s stock valued at $1,432,000 after buying an additional 1,408 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Spirit AeroSystems by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock worth $723,000 after acquiring an additional 332 shares during the period. Creative Planning boosted its position in shares of Spirit AeroSystems by 41.0% in the 2nd quarter. Creative Planning now owns 99,014 shares of the aerospace company’s stock worth $3,255,000 after buying an additional 28,775 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Spirit AeroSystems during the 2nd quarter worth approximately $924,000. Finally, Inspire Investing LLC lifted its position in shares of Spirit AeroSystems by 17.7% in the third quarter. Inspire Investing LLC now owns 12,582 shares of the aerospace company’s stock valued at $409,000 after acquiring an additional 1,893 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

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.