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

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

Several other brokerages also recently weighed in on SPR. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.00.

Spirit AeroSystems Stock Up 1.2 %

Shares of Spirit AeroSystems stock opened at $34.89 on Friday. Spirit AeroSystems has a 52-week low of $28.32 and a 52-week high of $37.08. The company has a 50 day moving average of $34.11 and a 200 day moving average of $33.26. The company has a market capitalization of $4.08 billion, a P/E ratio of -2.81 and a beta of 1.80.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Tuesday, March 4th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). As a group, research analysts anticipate that Spirit AeroSystems will post -11.88 earnings per share for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Spirit AeroSystems by 1.9% in the 4th 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 during the last quarter. Pentwater Capital Management LP raised its position in Spirit AeroSystems by 1.3% in the 4th 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 during the last quarter. National Bank of Canada FI raised its position in Spirit AeroSystems by 47.2% in the 4th 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 during the last quarter. Norges Bank acquired a new position in Spirit AeroSystems in the 4th quarter valued at $105,879,000. Finally, Alpine Associates Management Inc. increased its stake in Spirit AeroSystems by 30.1% in the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock valued at $105,395,000 after buying an additional 714,984 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

About Spirit AeroSystems

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.