Spirit AeroSystems (NYSE:SPR) Sets New 1-Year Low – Should You Sell?

Spirit AeroSystems Holdings, Inc. (NYSE:SPR)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $28.35 and last traded at $29.88, with a volume of 825650 shares traded. The stock had previously closed at $32.39.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPR. StockNews.com initiated coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a “hold” rating for the company. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. Fifteen investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.00.

Spirit AeroSystems Stock Performance

The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of -2.34 and a beta of 1.41. The firm has a 50-day simple moving average of $34.13 and a two-hundred day simple moving average of $33.19.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new stake in Spirit AeroSystems in the fourth quarter valued at approximately $32,000. Headlands Technologies LLC acquired a new stake in Spirit AeroSystems in the fourth quarter valued at approximately $67,000. Byrne Asset Management LLC lifted its stake in Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,390 shares during the last quarter. Finally, Vestcor Inc acquired a new position in Spirit AeroSystems during the 4th quarter worth approximately $97,000. 93.59% of the stock is 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.