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

StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note released on Friday morning. The brokerage issued a sell rating on the aerospace company’s stock.

Other equities analysts also recently issued reports about the stock. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.00.

Spirit AeroSystems Price Performance

Shares of SPR stock opened at $34.89 on Friday. The firm’s 50-day moving average is $34.11 and its two-hundred day moving average is $33.26. Spirit AeroSystems has a 12 month low of $28.32 and a 12 month high of $37.08. The company has a market capitalization of $4.08 billion, a PE ratio of -2.81 and a beta of 1.80.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Tuesday, March 4th. The aerospace company reported ($4.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). Sell-side analysts forecast that Spirit AeroSystems will post -11.88 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Spirit AeroSystems by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 10,802,296 shares of the aerospace company’s stock valued at $368,142,000 after purchasing an additional 203,549 shares in the last quarter. Pentwater Capital Management LP grew its holdings in shares of Spirit AeroSystems by 1.3% in the fourth quarter. Pentwater Capital Management LP now owns 9,220,000 shares of the aerospace company’s stock valued at $314,218,000 after purchasing an additional 120,000 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Spirit AeroSystems by 47.2% in the fourth quarter. National Bank of Canada FI now owns 3,681,147 shares of the aerospace company’s stock valued at $125,453,000 after purchasing an additional 1,181,147 shares in the last quarter. Norges Bank acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at approximately $105,879,000. Finally, Alpine Associates Management Inc. grew its holdings in shares of Spirit AeroSystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock valued at $105,395,000 after purchasing an additional 714,984 shares in the last quarter. 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.