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

StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR - Free Report) in a research report released on Friday. The brokerage issued a sell rating on the aerospace company's stock.

A number of other equities research analysts have also recently issued reports on SPR. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. TD Cowen upgraded Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, Spirit AeroSystems currently has an average rating of "Hold" and a consensus target price of $36.00.

Spirit AeroSystems Trading Down 0.5 %

NYSE SPR traded down $0.17 on Friday, reaching $34.73. The company's stock had a trading volume of 1,972,394 shares, compared to its average volume of 2,159,677. The firm has a market cap of $4.06 billion, a PE ratio of -2.80 and a beta of 1.80. Spirit AeroSystems has a 52 week low of $28.92 and a 52 week high of $37.08. The business has a 50-day moving average price of $34.11 and a 200 day moving average price of $33.25.

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Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. Analysts anticipate that Spirit AeroSystems will post -11.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Spirit AeroSystems

Several hedge funds have recently added to or reduced their stakes in SPR. International Assets Investment Management LLC lifted its position in Spirit AeroSystems by 180,792.9% during the 3rd quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company's stock valued at $779,000 after purchasing an additional 25,311 shares during the period. Olympiad Research LP bought a new stake in shares of Spirit AeroSystems during the third quarter worth approximately $987,000. Entropy Technologies LP lifted its holdings in Spirit AeroSystems by 113.2% in the third quarter. Entropy Technologies LP now owns 15,169 shares of the aerospace company's stock valued at $493,000 after buying an additional 8,055 shares during the period. V2 Financial group LLC lifted its holdings in Spirit AeroSystems by 13.1% in the third quarter. V2 Financial group LLC now owns 13,095 shares of the aerospace company's stock valued at $426,000 after buying an additional 1,513 shares during the period. Finally, D Orazio & Associates Inc. boosted its stake in Spirit AeroSystems by 18.3% in the third quarter. D Orazio & Associates Inc. now owns 39,474 shares of the aerospace company's stock valued at $1,283,000 after acquiring an additional 6,120 shares during the last quarter. 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.