Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $31.66, but opened at $33.47. Spirit AeroSystems shares last traded at $33.24, with a volume of 398,505 shares.
Wall Street Analysts Forecast Growth
SPR has been the subject of a number of research reports. Benchmark reaffirmed a “hold” rating on shares of Spirit AeroSystems in a report on Thursday. Stifel Nicolaus upped their target price on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 20th. StockNews.com lowered shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. The Goldman Sachs Group upped their target price on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, UBS Group lowered their price target on shares of Spirit AeroSystems from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.83.
Get Our Latest Analysis on Spirit AeroSystems
Spirit AeroSystems Stock Up 6.0 %
Spirit AeroSystems (NYSE:SPR – Get Free Report) last posted its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49). The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.62 billion. Spirit AeroSystems’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.69) earnings per share. On average, sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post -2.94 EPS for the current fiscal year.
Institutional Trading of Spirit AeroSystems
Several hedge funds have recently made changes to their positions in SPR. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Spirit AeroSystems during the first quarter worth approximately $25,000. Principal Securities Inc. purchased a new stake in shares of Spirit AeroSystems during the fourth quarter worth approximately $26,000. Riverview Trust Co purchased a new stake in shares of Spirit AeroSystems during the first quarter worth approximately $35,000. Allspring Global Investments Holdings LLC increased its stake in shares of Spirit AeroSystems by 148.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock worth $44,000 after buying an additional 724 shares during the period. Finally, Manchester Capital Management LLC increased its stake in shares of Spirit AeroSystems by 586.2% during the first quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock worth $70,000 after buying an additional 1,659 shares during the period. 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.
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