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

StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report published on Saturday morning. The firm issued a hold rating on the aerospace company’s stock.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Fifteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Spirit AeroSystems presently has an average rating of “Hold” and a consensus target price of $36.00.

Spirit AeroSystems Price Performance

Shares of SPR opened at $32.22 on Friday. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of -2.59 and a beta of 1.77. The company has a 50-day moving average of $34.08 and a 200 day moving average of $33.19. Spirit AeroSystems has a 1-year low of $28.92 and a 1-year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.94 billion. On average, equities analysts anticipate that Spirit AeroSystems will post -11.88 earnings per share for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Spirit AeroSystems by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company’s stock worth $368,142,000 after acquiring an additional 203,549 shares in the last quarter. Pentwater Capital Management LP increased its position in shares of Spirit AeroSystems by 1.3% during the fourth quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company’s stock worth $314,218,000 after purchasing an additional 120,000 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Spirit AeroSystems by 47.2% during the 4th quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company’s stock valued at $125,453,000 after purchasing an additional 1,181,147 shares during the last quarter. Norges Bank purchased a new stake in shares of Spirit AeroSystems during the 4th quarter valued at $105,879,000. Finally, Alpine Associates Management Inc. grew its stake in Spirit AeroSystems by 30.1% during the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after buying an additional 714,984 shares during the last quarter. 93.59% of the stock is currently 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.