Spirit AeroSystems (NYSE:SPR) Sees Unusually-High Trading Volume - What's Next?

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 1,605,056 shares were traded during mid-day trading, an increase of 41% from the previous session's volume of 1,138,916 shares.The stock last traded at $34.87 and had previously closed at $33.89.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SPR. StockNews.com initiated coverage on Spirit AeroSystems in a report on Monday, January 27th. They set a "sell" rating for the company. TD Cowen raised Spirit AeroSystems to a "strong-buy" rating in a 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $35.67.

Spirit AeroSystems Price Performance

The stock has a market cap of $3.96 billion, a P/E ratio of -2.73 and a beta of 1.81. The stock has a 50-day simple moving average of $33.42 and a 200-day simple moving average of $33.31.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPR. American Century Companies Inc. raised its holdings in Spirit AeroSystems by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 12,850 shares of the aerospace company's stock valued at $422,000 after buying an additional 794 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Spirit AeroSystems by 3.3% during the second quarter. Bank of Montreal Can now owns 43,492 shares of the aerospace company's stock valued at $1,432,000 after acquiring an additional 1,408 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Spirit AeroSystems by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company's stock worth $723,000 after purchasing an additional 332 shares during the period. Creative Planning grew its stake in shares of Spirit AeroSystems by 41.0% in the second quarter. Creative Planning now owns 99,014 shares of the aerospace company's stock worth $3,255,000 after purchasing an additional 28,775 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Spirit AeroSystems in the second quarter valued at $924,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

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.