Spirit AeroSystems (NYSE:SPR) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Spirit AeroSystems Holdings, Inc. (NYSE:SPR)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.22 and traded as high as $34.43. Spirit AeroSystems shares last traded at $33.54, with a volume of 909,924 shares.

Analyst Ratings Changes

A number of research analysts have commented on SPR shares. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com started coverage on shares of Spirit AeroSystems in a research note on Friday. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.67.

Spirit AeroSystems Stock Performance

The company has a 50 day moving average of $32.45 and a two-hundred day moving average of $33.22. The stock has a market capitalization of $3.92 billion, a PE ratio of -2.70 and a beta of 1.82.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPR. Waldron Private Wealth LLC purchased a new stake in shares of Spirit AeroSystems during the third quarter valued at $32,000. Quest Partners LLC purchased a new stake in Spirit AeroSystems during the 3rd quarter valued at about $49,000. Quarry LP grew its stake in Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after purchasing an additional 751 shares during the last quarter. KBC Group NV raised its stake in shares of Spirit AeroSystems by 20.1% in the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after purchasing an additional 771 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Spirit AeroSystems in the second quarter worth about $207,000. Institutional investors and hedge funds 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.