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

Analysts at StockNews.com initiated coverage on shares of Spirit AeroSystems (NYSE:SPR - Get Free Report) in a research note issued to investors on Monday. The brokerage set a "sell" rating on the aerospace company's stock.

Separately, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Spirit AeroSystems presently has a consensus rating of "Hold" and a consensus target price of $35.67.

Spirit AeroSystems Trading Up 1.1 %

Spirit AeroSystems stock traded up $0.37 during midday trading on Monday, hitting $32.73. 1,146,443 shares of the stock were exchanged, compared to its average volume of 2,970,964. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of -2.63 and a beta of 1.84. The stock's 50-day simple moving average is $32.08 and its 200 day simple moving average is $32.81. Spirit AeroSystems has a fifty-two week low of $25.16 and a fifty-two week high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. Equities analysts anticipate that Spirit AeroSystems will post -12.76 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in Spirit AeroSystems by 7.9% in the first quarter. Public Employees Retirement System of Ohio now owns 47,226 shares of the aerospace company's stock valued at $1,703,000 after buying an additional 3,454 shares during the last quarter. California State Teachers Retirement System increased its stake in Spirit AeroSystems by 3.2% in the first quarter. California State Teachers Retirement System now owns 115,912 shares of the aerospace company's stock valued at $4,181,000 after purchasing an additional 3,562 shares during the period. Comerica Bank raised its holdings in shares of Spirit AeroSystems by 47.9% in the first quarter. Comerica Bank now owns 6,929 shares of the aerospace company's stock valued at $250,000 after buying an additional 2,244 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Spirit AeroSystems during the second quarter worth about $1,211,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Spirit AeroSystems by 405.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,069,600 shares of the aerospace company's stock worth $35,158,000 after buying an additional 858,162 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other 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.