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

StockNews.com initiated coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note issued on Thursday. The brokerage set a “sell” rating on the aerospace company’s stock.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus boosted their price target on shares of Spirit AeroSystems from $34.00 to $37.25 and gave the company a “hold” rating in a research report on Monday. Benchmark reaffirmed a “hold” rating on shares of Spirit AeroSystems in a research report on Thursday, June 20th. The Goldman Sachs Group upped their target price on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Citigroup reaffirmed a “neutral” rating and issued a $37.25 target price (down previously from $39.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 3rd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Spirit AeroSystems in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Spirit AeroSystems presently has a consensus rating of “Hold” and an average target price of $33.42.

Spirit AeroSystems Trading Up 0.3 %

Shares of SPR stock opened at $34.62 on Thursday. The company’s 50-day moving average price is $31.61 and its 200-day moving average price is $31.34. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of -3.98 and a beta of 1.84. Spirit AeroSystems has a twelve month low of $14.65 and a twelve month high of $36.34.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.62 billion. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted ($1.69) earnings per share. As a group, equities research analysts predict that Spirit AeroSystems will post -3 EPS for the current year.

Institutional Trading of Spirit AeroSystems

Large investors have recently made changes to their positions in the company. Seven Eight Capital LP purchased a new stake in shares of Spirit AeroSystems during the fourth quarter worth approximately $5,694,000. Norges Bank purchased a new stake in shares of Spirit AeroSystems during the fourth quarter worth approximately $62,432,000. Vanguard Group Inc. increased its stake in Spirit AeroSystems by 0.5% in the third quarter. Vanguard Group Inc. now owns 9,968,180 shares of the aerospace company’s stock valued at $160,886,000 after purchasing an additional 51,387 shares during the last quarter. Blue Trust Inc. increased its stake in Spirit AeroSystems by 33.9% in the fourth quarter. Blue Trust Inc. now owns 6,163 shares of the aerospace company’s stock valued at $196,000 after purchasing an additional 1,562 shares during the last quarter. Finally, Boulder Hill Capital Management LP purchased a new position in Spirit AeroSystems in the fourth quarter valued at approximately $791,000. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

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.