Spirit AeroSystems (NYSE:SPR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research report report published on Sunday. The brokerage issued a sell rating on the aerospace company’s stock.

Separately, TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Trading Up 1.0 %

SPR opened at $34.25 on Friday. Spirit AeroSystems has a twelve month low of $25.16 and a twelve month high of $37.08. The stock has a market cap of $4.00 billion, a PE ratio of -2.76 and a beta of 1.81. The business’s 50 day moving average is $32.96 and its 200-day moving average is $33.33.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (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 the consensus estimate of $1.83 billion. As a group, analysts forecast that Spirit AeroSystems will post -11.88 EPS for the current year.

Institutional Investors Weigh In On Spirit AeroSystems

Institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. acquired a new position in shares of Spirit AeroSystems in the fourth quarter worth about $149,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Spirit AeroSystems by 52.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,827 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 3,030 shares during the period. SG Americas Securities LLC grew its position in Spirit AeroSystems by 1,295.0% during the 4th quarter. SG Americas Securities LLC now owns 325,793 shares of the aerospace company’s stock worth $11,103,000 after purchasing an additional 302,439 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Spirit AeroSystems during the 4th quarter valued at $231,000. Finally, Oak Thistle LLC lifted its holdings in shares of Spirit AeroSystems by 12.1% in the fourth quarter. Oak Thistle LLC now owns 14,568 shares of the aerospace company’s stock valued at $496,000 after purchasing an additional 1,568 shares in the last quarter. Institutional investors and hedge funds 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.