Spirit AeroSystems (NYSE:SPR) Earns Sell Rating from Analysts at StockNews.com

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

Separately, TD Cowen raised shares of Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $35.67.

Spirit AeroSystems Trading Up 0.9 %

SPR stock traded up $0.30 during trading on Thursday, reaching $33.87. 823,139 shares of the stock were exchanged, compared to its average volume of 2,874,175. Spirit AeroSystems has a 1 year low of $25.16 and a 1 year high of $37.08. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of -2.73 and a beta of 1.82. The business has a 50 day moving average price of $32.30 and a 200-day moving average price of $33.07.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $1.83 billion. On average, research analysts anticipate that Spirit AeroSystems will post -12.64 EPS for the current year.

Institutional Investors Weigh In On Spirit AeroSystems

Several large investors have recently modified their holdings of SPR. The Manufacturers Life Insurance Company grew its stake in shares of Spirit AeroSystems by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company's stock valued at $723,000 after purchasing an additional 332 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in Spirit AeroSystems by 1.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 35,466 shares of the aerospace company's stock valued at $1,166,000 after buying an additional 500 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Spirit AeroSystems by 6.4% during the second quarter. Inspire Investing LLC now owns 10,689 shares of the aerospace company's stock valued at $351,000 after acquiring an additional 643 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Spirit AeroSystems by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company's stock worth $1,069,000 after purchasing an additional 724 shares during the last quarter. Finally, Quarry LP grew its stake in Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company's stock worth $75,000 after acquiring an additional 751 shares during the period. 93.59% of the stock is owned by institutional investors and hedge funds.

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.