Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives Consensus Rating of "Hold" from Brokerages

Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) has been given a consensus recommendation of "Hold" by the fifteen ratings firms that are covering the stock, MarketBeat reports. Fourteen analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $36.00.

Several equities analysts have recently issued reports on SPR shares. TD Cowen raised Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. StockNews.com started coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They issued a "hold" rating on the stock. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th.

Spirit AeroSystems Trading Down 0.3 %

SPR traded down $0.09 during midday trading on Tuesday, reaching $35.49. The company's stock had a trading volume of 884,968 shares, compared to its average volume of 1,994,645. Spirit AeroSystems has a 1 year low of $28.92 and a 1 year high of $37.08. The stock's 50-day moving average is $34.15 and its 200-day moving average is $33.16. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of -2.86 and a beta of 1.77.

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Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share 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 the consensus estimate of $1.94 billion. As a group, equities research analysts forecast that Spirit AeroSystems will post -11.88 earnings per share for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Several large investors have recently added to or reduced their stakes in SPR. Wellington Management Group LLP increased its stake in shares of Spirit AeroSystems by 1.8% in the 4th quarter. Wellington Management Group LLP now owns 459,663 shares of the aerospace company's stock worth $15,665,000 after purchasing an additional 7,935 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Spirit AeroSystems in the 4th quarter worth approximately $1,965,000. CSS LLC IL raised its stake in Spirit AeroSystems by 147.6% during the 4th quarter. CSS LLC IL now owns 17,612 shares of the aerospace company's stock worth $600,000 after acquiring an additional 10,500 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Spirit AeroSystems by 22.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 258,169 shares of the aerospace company's stock valued at $8,798,000 after purchasing an additional 47,356 shares in the last quarter. Finally, Twin Securities Inc. bought a new position in shares of Spirit AeroSystems in the fourth quarter worth approximately $1,177,000. 93.59% of the stock is currently owned by institutional investors.

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.