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

StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note issued to investors on Friday morning. The firm issued a sell rating on the aerospace company’s stock.

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

Spirit AeroSystems Stock Performance

Shares of SPR opened at $33.07 on Friday. The firm has a market cap of $3.87 billion, a PE ratio of -2.66 and a beta of 1.82. Spirit AeroSystems has a twelve month low of $25.16 and a twelve month high of $37.08. The firm’s 50 day moving average price is $32.49 and its 200 day moving average price is $33.27.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (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 the consensus estimate of $1.83 billion. On average, sell-side analysts anticipate that Spirit AeroSystems will post -12.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Spirit AeroSystems

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in Spirit AeroSystems by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 364,644 shares of the aerospace company’s stock valued at $11,986,000 after purchasing an additional 24,167 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Spirit AeroSystems by 13.3% during the 2nd quarter. Natixis Advisors LLC now owns 188,222 shares of the aerospace company’s stock worth $6,187,000 after buying an additional 22,093 shares in the last quarter. Rhumbline Advisers raised its position in shares of Spirit AeroSystems by 8.2% during the second quarter. Rhumbline Advisers now owns 128,569 shares of the aerospace company’s stock worth $4,226,000 after acquiring an additional 9,757 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Spirit AeroSystems by 2.3% during the second quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company’s stock valued at $1,069,000 after acquiring an additional 724 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Spirit AeroSystems by 6.6% in the second quarter. American Century Companies Inc. now owns 12,850 shares of the aerospace company’s stock valued at $422,000 after acquiring an additional 794 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

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.