Spirit AeroSystems (NYSE:SPR) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Spirit AeroSystems Holdings, Inc. (NYSE:SPR)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.22 and traded as high as $34.43. Spirit AeroSystems shares last traded at $33.54, with a volume of 909,924 shares traded.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com initiated coverage on Spirit AeroSystems in a report on Friday. They issued a “sell” rating on the stock. 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, sixteen have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.67.

Spirit AeroSystems Stock Down 1.4 %

The stock’s 50 day moving average is $32.49 and its 200-day moving average is $33.24. The company has a market cap of $3.87 billion, a PE ratio of -2.66 and a beta of 1.82.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -12.64 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Institutional investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC bought a new position in shares of Spirit AeroSystems in the third quarter worth about $32,000. Quest Partners LLC bought a new position in Spirit AeroSystems in the 3rd quarter worth about $49,000. Quarry LP grew its stake in Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after acquiring an additional 751 shares in the last quarter. KBC Group NV increased its position in shares of Spirit AeroSystems by 20.1% during the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after acquiring an additional 771 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Spirit AeroSystems during the second quarter valued at approximately $207,000. 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.