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

Analysts at StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report issued on Tuesday. The firm set a “sell” rating on the aerospace company’s stock.

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, August 20th. One equities 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. According to data from MarketBeat, Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus target price of $35.67.

Spirit AeroSystems Price Performance

Shares of SPR opened at $32.11 on Tuesday. Spirit AeroSystems has a 1-year low of $25.16 and a 1-year high of $37.08. The company has a market capitalization of $3.75 billion, a P/E ratio of -2.58 and a beta of 1.82. The firm’s 50 day simple moving average is $32.01 and its 200 day simple moving average is $32.88.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. On average, equities analysts anticipate that Spirit AeroSystems will post -12.64 earnings per share for the current year.

Institutional Investors Weigh In On Spirit AeroSystems

A number of institutional investors have recently made changes to their positions in the company. Pentwater Capital Management LP lifted its position in Spirit AeroSystems by 18,132.0% in the 2nd quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock valued at $296,356,000 after acquiring an additional 9,066,000 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Spirit AeroSystems by 2.6% during the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock valued at $134,644,000 after buying an additional 105,350 shares during the last quarter. National Bank of Canada FI raised its position in Spirit AeroSystems by 3,996.6% in the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after buying an additional 2,438,974 shares during the last quarter. Alpine Associates Management Inc. bought a new position in Spirit AeroSystems during the 3rd quarter valued at about $77,296,000. Finally, Sei Investments Co. boosted its holdings in shares of Spirit AeroSystems by 5.5% during the 2nd quarter. Sei Investments Co. now owns 1,686,945 shares of the aerospace company’s stock valued at $55,450,000 after acquiring an additional 88,608 shares during the last quarter. Hedge funds and other 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.