Spirit AeroSystems (NYSE:SPR) Shares Gap Down - Should You Sell?

Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $32.53, but opened at $31.50. Spirit AeroSystems shares last traded at $32.10, with a volume of 573,226 shares traded.

Analysts Set New Price Targets

A number of research firms have commented on SPR. StockNews.com began coverage on shares of Spirit AeroSystems in a research note on Sunday, November 24th. They issued a "sell" rating for the company. Royal Bank of Canada restated 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 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. Based on data from MarketBeat.com, Spirit AeroSystems has a consensus rating of "Hold" and a consensus price target of $35.67.

Spirit AeroSystems Trading Down 0.5 %

The firm has a fifty day simple moving average of $32.08 and a 200 day simple moving average of $32.78. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of -2.61 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.83 billion. On average, equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -12.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Byrne Asset Management LLC purchased a new position in Spirit AeroSystems in the 2nd quarter valued at approximately $30,000. Waldron Private Wealth LLC purchased a new stake in Spirit AeroSystems in the third quarter worth about $32,000. Quest Partners LLC purchased a new stake in shares of Spirit AeroSystems during the third quarter valued at approximately $49,000. Quarry LP lifted its position in Spirit AeroSystems by 49.0% during the second quarter. Quarry LP now owns 2,285 shares of the aerospace company's stock valued at $75,000 after purchasing an additional 751 shares during the period. Finally, KBC Group NV raised its position in shares of Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company's stock valued at $150,000 after purchasing an additional 771 shares during the period. 93.59% of the stock is currently owned by institutional investors.

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.