Spirit AeroSystems (NYSE:SPR) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note issued on Thursday. The brokerage set a “sell” rating on the aerospace company’s stock.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. Truist Financial boosted their price objective on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Barclays reiterated an “equal weight” rating and set a $37.00 target price (down from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 3rd. Wolfe Research reissued a “peer perform” rating on shares of Spirit AeroSystems in a research note on Wednesday, July 10th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $37.00 price objective (down previously from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus price target of $35.54.

Spirit AeroSystems Price Performance

SPR opened at $32.89 on Thursday. The business has a fifty day moving average price of $32.93 and a 200 day moving average price of $32.86. Spirit AeroSystems has a 12 month low of $20.98 and a 12 month high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its 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 firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. Research analysts anticipate that Spirit AeroSystems will post -9.91 EPS for the current year.

Institutional Trading of Spirit AeroSystems

A number of institutional investors have recently added to or reduced their stakes in SPR. Byrne Asset Management LLC purchased a new stake in shares of Spirit AeroSystems in the second quarter worth about $30,000. Waldron Private Wealth LLC acquired a new position in Spirit AeroSystems during the 3rd quarter worth approximately $32,000. Allspring Global Investments Holdings LLC boosted its holdings in Spirit AeroSystems by 148.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 724 shares during the period. Manchester Capital Management LLC grew its position in Spirit AeroSystems by 586.2% in the first quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 1,659 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Spirit AeroSystems by 49.0% during 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 in the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

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.