Spirit AeroSystems (NYSE:SPR) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.22 and traded as high as $34.43. Spirit AeroSystems shares last traded at $33.54, with a volume of 909,924 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SPR. TD Cowen upgraded Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. StockNews.com assumed coverage on Spirit AeroSystems in a research report on Friday. They set a "sell" rating on the stock. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Spirit AeroSystems currently has a consensus rating of "Hold" and a consensus target price of $35.67.

Spirit AeroSystems Trading Down 1.4 %

The stock has a market capitalization of $3.87 billion, a P/E ratio of -2.66 and a beta of 1.82. The firm's fifty day moving average is $32.49 and its 200-day moving average is $33.24.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. Equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post -12.64 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Earnest Partners LLC boosted its position in Spirit AeroSystems by 2.6% in the 2nd quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company's stock valued at $134,644,000 after buying an additional 105,350 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company's stock valued at $81,275,000 after acquiring an additional 2,438,974 shares during the period. Alpine Associates Management Inc. bought a new position in Spirit AeroSystems in the third quarter valued at about $77,296,000. Sei Investments Co. boosted its holdings in Spirit AeroSystems by 5.5% in the second quarter. Sei Investments Co. now owns 1,686,945 shares of the aerospace company's stock valued at $55,450,000 after acquiring an additional 88,608 shares during the last quarter. Finally, Appian Way Asset Management LP acquired a new stake in Spirit AeroSystems in the second quarter worth about $39,969,000. Institutional investors and hedge funds own 93.59% of the company's stock.

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.