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

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has received an average recommendation of “Hold” from the seventeen research firms that are covering the company, MarketBeat.com reports. Sixteen investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $35.67.

Separately, StockNews.com initiated coverage on shares of Spirit AeroSystems in a research report on Wednesday. They set a “sell” rating on the stock.

Spirit AeroSystems Trading Up 1.0 %

NYSE SPR opened at $33.17 on Friday. Spirit AeroSystems has a 12 month low of $25.16 and a 12 month high of $37.08. The company has a market capitalization of $3.88 billion, a PE ratio of -2.67 and a beta of 1.82. The stock has a 50-day simple moving average of $32.12 and a 200 day simple moving average of $32.98.

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

Institutional Trading of Spirit AeroSystems

A number of hedge funds and other institutional investors have recently made changes to their positions in SPR. Pentwater Capital Management LP grew its position in Spirit AeroSystems by 18,132.0% in 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 purchasing an additional 9,066,000 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Spirit AeroSystems by 2.6% in the 2nd quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock valued at $134,644,000 after acquiring an additional 105,350 shares in the last quarter. National Bank of Canada FI raised its holdings in Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after acquiring an additional 2,438,974 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in Spirit AeroSystems during the third quarter worth about $77,296,000. Finally, Sei Investments Co. boosted its position in Spirit AeroSystems by 5.5% during the second quarter. Sei Investments Co. now owns 1,686,945 shares of the aerospace company’s stock valued at $55,450,000 after purchasing an additional 88,608 shares during the last quarter. 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.