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

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been given a consensus rating of “Hold” by the seventeen research firms that are covering the company, Marketbeat reports. Sixteen research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $35.67.

Several research analysts recently weighed in on SPR shares. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research note on Wednesday. They set a “sell” rating on the stock. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday.

Spirit AeroSystems Trading Up 0.3 %

NYSE:SPR opened at $33.26 on Friday. The stock has a market capitalization of $3.89 billion, a P/E ratio of -2.68 and a beta of 1.82. Spirit AeroSystems has a 1 year low of $25.16 and a 1 year high of $37.08. The firm has a 50 day moving average of $32.16 and a 200-day moving average of $32.99.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. As a group, analysts forecast that Spirit AeroSystems will post -12.64 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

A number of institutional investors have recently bought and sold shares of SPR. The Manufacturers Life Insurance Company grew its position in Spirit AeroSystems by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock worth $723,000 after buying an additional 332 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in shares of Spirit AeroSystems by 1.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,466 shares of the aerospace company’s stock valued at $1,166,000 after acquiring an additional 500 shares during the period. Inspire Investing LLC grew its holdings in shares of Spirit AeroSystems by 6.4% during the 2nd quarter. Inspire Investing LLC now owns 10,689 shares of the aerospace company’s stock worth $351,000 after purchasing an additional 643 shares in the last quarter. Arizona State Retirement System increased its position in shares of Spirit AeroSystems by 2.3% in the second quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company’s stock worth $1,069,000 after purchasing an additional 724 shares during the period. Finally, Quarry LP raised its stake in Spirit AeroSystems by 49.0% in the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after purchasing an additional 751 shares in the last quarter. Institutional investors 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.