Spirit Aerosystems (NYSE:SPR) Hits New 1-Year High - Here's What Happened

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

Spirit Aerosystems Price Performance

The stock has a fifty day moving average price of $37.31 and a 200-day moving average price of $35.06. The company has a market cap of $4.68 billion, a PE ratio of -2.19 and a beta of 1.61.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.14) by ($3.11). The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. The firm's quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.93) EPS. On average, equities analysts anticipate 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 modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Spirit Aerosystems in the fourth quarter valued at about $32,000. Headlands Technologies LLC acquired a new stake in Spirit Aerosystems during the 4th quarter worth $67,000. Vestcor Inc acquired a new stake in Spirit Aerosystems during the 4th quarter worth $97,000. Byrne Asset Management LLC boosted its position in shares of Spirit Aerosystems by 128.2% during the first quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company's stock worth $161,000 after purchasing an additional 2,629 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Spirit Aerosystems by 48.0% in the 1st quarter. Russell Investments Group Ltd. now owns 6,061 shares of the aerospace company's stock valued at $209,000 after acquiring an additional 1,967 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

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.