Spirit AeroSystems (NYSE:SPR) Receives New Coverage from Analysts at StockNews.com

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

Other equities research analysts have also recently issued research reports about the company. Baird R W cut Spirit AeroSystems from a strong-buy rating to a hold rating in a research note on Friday, July 12th. Wolfe Research restated a peer perform rating on shares of Spirit AeroSystems in a research note on Wednesday, July 10th. Robert W. Baird reiterated a neutral rating and issued a $37.25 price objective (up previously from $36.00) on shares of Spirit AeroSystems in a research report on Friday, July 12th. Truist Financial increased their price objective on Spirit AeroSystems from $30.00 to $35.00 and gave the stock a hold rating in a research report on Wednesday, July 17th. Finally, Benchmark reiterated a hold rating on shares of Spirit AeroSystems in a research report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $33.60.

Spirit AeroSystems Price Performance

Shares of SPR stock traded down $0.77 during trading hours on Friday, hitting $33.55. The stock had a trading volume of 2,812,759 shares, compared to its average volume of 3,713,488. Spirit AeroSystems has a twelve month low of $14.65 and a twelve month high of $37.08. The stock’s 50 day moving average is $32.97 and its 200 day moving average is $32.01.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.62 billion. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.69) earnings per share. As a group, equities analysts anticipate that Spirit AeroSystems will post -3.93 EPS for the current year.

Institutional Trading of Spirit AeroSystems

A number of large investors have recently made changes to their positions in the stock. Arizona State Retirement System boosted its stake in shares of Spirit AeroSystems by 2.3% during the second quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company’s stock valued at $1,069,000 after acquiring an additional 724 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Spirit AeroSystems by 8.2% during the second quarter. Rhumbline Advisers now owns 128,569 shares of the aerospace company’s stock valued at $4,226,000 after acquiring an additional 9,757 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Spirit AeroSystems by 13.3% during the second quarter. Natixis Advisors LLC now owns 188,222 shares of the aerospace company’s stock valued at $6,187,000 after acquiring an additional 22,093 shares during the last quarter. Pentwater Capital Management LP boosted its stake in shares of Spirit AeroSystems by 18,132.0% during the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock valued at $296,356,000 after acquiring an additional 9,066,000 shares during the last quarter. Finally, V2 Financial group LLC boosted its stake in Spirit AeroSystems by 54.1% in the 2nd quarter. V2 Financial group LLC now owns 11,582 shares of the aerospace company’s stock worth $411,000 after buying an additional 4,067 shares during 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.