Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Given Average Rating of “Hold” by Brokerages

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has received a consensus rating of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $35.67.

Separately, StockNews.com assumed coverage on Spirit AeroSystems in a research note on Wednesday. They issued a “sell” rating on the stock.

Spirit AeroSystems Price Performance

Shares of SPR opened at $33.17 on Friday. The company has a market cap of $3.88 billion, a PE ratio of -2.67 and a beta of 1.82. The firm has a 50-day moving average of $32.12 and a 200-day moving average of $32.98. Spirit AeroSystems has a one year low of $25.16 and a one year high of $37.08.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in shares of Spirit AeroSystems by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock valued at $723,000 after buying an additional 332 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in Spirit AeroSystems by 1.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 35,466 shares of the aerospace company’s stock valued at $1,166,000 after acquiring an additional 500 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Spirit AeroSystems by 6.4% during the 2nd quarter. Inspire Investing LLC now owns 10,689 shares of the aerospace company’s stock valued at $351,000 after acquiring an additional 643 shares during the period. Arizona State Retirement System grew its holdings in shares of Spirit AeroSystems by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company’s stock worth $1,069,000 after purchasing an additional 724 shares in the last quarter. Finally, Quarry LP increased its position in shares of Spirit AeroSystems by 49.0% in the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after purchasing an additional 751 shares during the period. 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.