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Spirit Aerosystems (NYSE:SPR) Hits New 52-Week High - Here's What Happened

Spirit Aerosystems logo with Aerospace background

Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $39.18 and last traded at $38.76, with a volume of 617327 shares trading hands. The stock had previously closed at $38.91.

Spirit Aerosystems Trading Down 0.9%

The stock's 50 day moving average price is $37.39 and its 200 day moving average price is $35.10. The firm has a market cap of $4.65 billion, a PE ratio of -2.18 and a beta of 1.61.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) EPS for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted ($3.93) earnings per share. The company's revenue for the quarter was down 10.6% on a year-over-year basis. Analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Hedge Funds Weigh In On Spirit Aerosystems

Hedge funds have recently made changes to their positions in the business. Longboard Asset Management LP purchased a new stake in Spirit Aerosystems during the 2nd quarter worth $234,000. Wedmont Private Capital increased its stake in Spirit Aerosystems by 6.8% during the 2nd quarter. Wedmont Private Capital now owns 7,889 shares of the aerospace company's stock worth $315,000 after buying an additional 505 shares during the period. Harbor Capital Advisors Inc. increased its stake in Spirit Aerosystems by 3.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 30,045 shares of the aerospace company's stock worth $1,146,000 after buying an additional 943 shares during the period. Byrne Asset Management LLC increased its stake in Spirit Aerosystems by 49.8% during the 2nd quarter. Byrne Asset Management LLC now owns 7,010 shares of the aerospace company's stock worth $267,000 after buying an additional 2,331 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in shares of Spirit Aerosystems in the 1st quarter valued at about $692,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

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.

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