Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Receives Average Rating of “Hold” from Brokerages

Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) have been given an average rating of “Hold” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $38.6250.

Several analysts have issued reports on SPR shares. Zacks Research upgraded Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Spirit Aerosystems in a report on Wednesday, October 8th.

Spirit Aerosystems Stock Performance

Shares of NYSE:SPR opened at $39.44 on Wednesday. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of -1.78 and a beta of 1.11. Spirit Aerosystems has a 1-year low of $27.00 and a 1-year high of $42.33. The company has a 50 day moving average price of $37.60 and a 200 day moving average price of $38.73.

Spirit Aerosystems (NYSE:SPR) last announced its quarterly earnings data on Friday, October 31st. The aerospace company reported ($4.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($4.50). The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.92 billion. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned ($3.03) EPS. On average, sell-side analysts expect that Spirit Aerosystems will post -11.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in Spirit Aerosystems by 48.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,029 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 334 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Spirit Aerosystems by 33,966.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 1,019 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Spirit Aerosystems during the 3rd quarter valued at about $70,000. SG Americas Securities LLC acquired a new stake in Spirit Aerosystems in the third quarter valued at approximately $155,000. Finally, Corient Private Wealth LLC acquired a new position in shares of Spirit Aerosystems during the 2nd quarter worth $204,000. 93.59% of the stock is owned by institutional investors and hedge funds.

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.