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

StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research report report published on Sunday. The firm issued a sell rating on the aerospace company’s stock.

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $35.67.

Spirit AeroSystems Trading Up 3.6 %

Shares of NYSE SPR opened at $32.50 on Friday. Spirit AeroSystems has a 1-year low of $25.16 and a 1-year high of $37.08. The business’s 50 day moving average is $32.13 and its 200-day moving average is $32.74.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, sell-side analysts forecast that Spirit AeroSystems will post -12.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SPR. Vanguard Group Inc. boosted its position in shares of Spirit AeroSystems by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after purchasing an additional 109,632 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Spirit AeroSystems in the third quarter worth approximately $77,296,000. International Assets Investment Management LLC raised its stake in shares of Spirit AeroSystems by 180,792.9% in the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock worth $779,000 after purchasing an additional 25,311 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Spirit AeroSystems by 2.6% in the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock worth $134,644,000 after purchasing an additional 105,350 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Spirit AeroSystems in the second quarter worth approximately $924,000. 93.59% of the stock is owned by institutional investors and hedge funds.

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.