Spirit Aerosystems’ (SPR) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of Spirit Aerosystems (NYSE:SPR) in a research report sent to investors on Friday morning,Weiss Ratings reports.

Other analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. Susquehanna upped their target price on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Finally, Zacks Research raised Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.63.

Spirit Aerosystems Stock Up 1.4%

NYSE:SPR opened at $39.46 on Friday. The company has a market capitalization of $4.63 billion, a PE ratio of -1.97 and a beta of 1.70. Spirit Aerosystems has a 52-week low of $27.00 and a 52-week high of $42.33. The stock’s 50 day moving average price is $39.58 and its 200 day moving average price is $38.33.

Spirit Aerosystems (NYSE:SPR) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($2.82). The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.82 billion. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.73) EPS. As a group, sell-side analysts anticipate that Spirit Aerosystems will post -11.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in Spirit Aerosystems by 48.1% in the second quarter. Farther Finance Advisors LLC now owns 1,029 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 334 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Spirit Aerosystems by 33,966.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the aerospace company’s stock worth $39,000 after buying an additional 1,019 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Spirit Aerosystems during the 3rd quarter worth approximately $155,000. Corient Private Wealth LLC acquired a new stake in shares of Spirit Aerosystems in the 2nd quarter valued at approximately $204,000. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of Spirit Aerosystems in the second quarter valued at approximately $207,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

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.