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

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

Separately, Royal Bank of Canada reiterated 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 investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Spirit AeroSystems currently has a consensus rating of "Hold" and an average price target of $35.67.

Spirit AeroSystems Price Performance

NYSE SPR traded up $1.12 during trading on Friday, reaching $32.50. The company's stock had a trading volume of 1,514,320 shares, compared to its average volume of 2,216,487. The stock has a market capitalization of $3.80 billion, a PE ratio of -2.62 and a beta of 1.84. The firm has a fifty day moving average of $32.13 and a 200 day moving average of $32.73. Spirit AeroSystems has a one year low of $25.16 and a one year high of $37.08.

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

Institutional Trading of Spirit AeroSystems

Several institutional investors have recently made changes to their positions in SPR. Pentwater Capital Management LP boosted its stake in Spirit AeroSystems by 18,132.0% during the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company's stock worth $296,356,000 after buying an additional 9,066,000 shares during the period. National Bank of Canada FI boosted its position in shares of Spirit AeroSystems by 3,996.6% during the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company's stock worth $81,275,000 after purchasing an additional 2,438,974 shares during the period. Alpine Associates Management Inc. purchased a new stake in Spirit AeroSystems in the third quarter valued at approximately $77,296,000. Appian Way Asset Management LP purchased a new position in shares of Spirit AeroSystems during the second quarter worth $39,969,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Spirit AeroSystems by 405.9% in the second quarter. Assenagon Asset Management S.A. now owns 1,069,600 shares of the aerospace company's stock valued at $35,158,000 after buying an additional 858,162 shares in the last quarter. Hedge funds and other 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.