Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) was the target of some unusual options trading activity on Thursday. Stock investors acquired 41,212 put options on the stock. This represents an increase of 504% compared to the average volume of 6,824 put options.
Institutional Investors Weigh In On Spirit AeroSystems
Several institutional investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Spirit AeroSystems in the 1st quarter worth $25,000. Principal Securities Inc. bought a new position in shares of Spirit AeroSystems in the fourth quarter worth approximately $26,000. Riverview Trust Co bought a new stake in Spirit AeroSystems in the first quarter valued at $35,000. Allspring Global Investments Holdings LLC boosted its holdings in Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 724 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Spirit AeroSystems in the fourth quarter valued at $124,000. 93.59% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have commented on SPR. Stifel Nicolaus boosted their price target on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the company a "hold" rating in a research report on Wednesday, March 20th. Truist Financial increased their price objective on shares of Spirit AeroSystems from $26.00 to $30.00 and gave the stock a "hold" rating in a research report on Wednesday, January 10th. TD Cowen raised shares of Spirit AeroSystems from a "market perform" rating to an "outperform" rating and raised their target price for the company from $27.00 to $35.00 in a research report on Thursday, February 8th. KeyCorp assumed coverage on shares of Spirit AeroSystems in a research note on Wednesday, January 17th. They issued a "sector weight" rating for the company. Finally, Citigroup began coverage on shares of Spirit AeroSystems in a research note on Wednesday, January 17th. They set a "buy" rating and a $39.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $31.39.
Read Our Latest Stock Report on SPR
Spirit AeroSystems Price Performance
Shares of NYSE SPR traded up $0.95 during trading on Thursday, hitting $33.02. The stock had a trading volume of 2,234,380 shares, compared to its average volume of 3,857,449. The firm has a fifty day moving average of $33.18 and a two-hundred day moving average of $29.20. The company has a market capitalization of $3.83 billion, a PE ratio of -5.53, a PEG ratio of 25.07 and a beta of 1.79. Spirit AeroSystems has a 12 month low of $14.65 and a 12 month high of $36.34.
Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.84). The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. The business's revenue was up 37.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.46) earnings per share. On average, equities analysts expect that Spirit AeroSystems will post 0.15 earnings per share for the current fiscal year.
About Spirit AeroSystems
(
Get Free Report)
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.
Further Reading
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