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

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has received an average rating of “Hold” from the seventeen research firms that are covering the company, MarketBeat.com reports. Sixteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $35.67.

SPR has been the topic of several research reports. StockNews.com assumed coverage on Spirit AeroSystems in a research report on Tuesday, December 10th. They set a “sell” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, August 20th.

Spirit AeroSystems Stock Performance

Shares of SPR stock opened at $32.97 on Friday. The firm has a market cap of $3.85 billion, a P/E ratio of -2.65 and a beta of 1.82. The business’s 50 day moving average price is $32.02 and its 200-day moving average price is $32.92. Spirit AeroSystems has a fifty-two week low of $25.16 and a fifty-two week high of $37.08.

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

Hedge Funds Weigh In On Spirit AeroSystems

A number of institutional investors and hedge funds have recently made changes to their positions in SPR. Byrne Asset Management LLC purchased a new position in shares of Spirit AeroSystems during the 2nd quarter valued at about $30,000. Waldron Private Wealth LLC bought a new position in shares of Spirit AeroSystems in the third quarter worth approximately $32,000. Quest Partners LLC purchased a new stake in shares of Spirit AeroSystems in the third quarter worth $49,000. Quarry LP raised its position in shares of Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after purchasing an additional 751 shares during the period. Finally, KBC Group NV lifted its stake in shares of Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock valued at $150,000 after buying an additional 771 shares in the last quarter. Hedge funds and other institutional investors 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.