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

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

Separately, TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. One 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. According to data from MarketBeat.com, Spirit AeroSystems currently has an average rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Stock Performance

NYSE:SPR opened at $33.87 on Thursday. Spirit AeroSystems has a 52-week low of $25.16 and a 52-week high of $37.08. The business’s fifty day moving average is $32.30 and its 200 day moving average is $33.07. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of -2.73 and a beta of 1.82.

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 firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Equities analysts predict that Spirit AeroSystems will post -12.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pentwater Capital Management LP raised its holdings in Spirit AeroSystems by 18,132.0% in the 2nd quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock worth $296,356,000 after acquiring an additional 9,066,000 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Spirit AeroSystems by 3,996.6% in the third 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 last quarter. Alpine Associates Management Inc. bought a new position in shares of Spirit AeroSystems during the third quarter valued at $77,296,000. Appian Way Asset Management LP purchased a new stake in shares of Spirit AeroSystems during the second quarter valued at $39,969,000. Finally, Bank of Montreal Can increased its holdings in Spirit AeroSystems by 1,744.2% in the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock worth $26,557,000 after buying an additional 758,599 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

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.