Spirit Aerosystems (NYSE:SPR) Reaches New 1-Year High - Still a Buy?

Key Points

• Spirit Aerosystems Holdings, Inc. (NYSE:SPR) reached a new 52-week high of $41.63 during mid-day trading, with the stock closing at $41.58.
• Analysts at Susquehanna raised their target price for Spirit Aerosystems from $37.00 to $40.00 and assigned a "neutral" rating.
• The company reported a loss of $4.25 EPS for the last quarter, significantly below analysts' expectations, with a revenue decline of 10.6% year-over-year.

Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $41.63 and last traded at $41.58, with a volume of 830550 shares. The stock had previously closed at $40.99.

Wall Street Analysts Forecast Growth

Separately, Susquehanna increased their price objective on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, July 14th.

Spirit Aerosystems Stock Performance

The firm's fifty day simple moving average is $38.58 and its 200 day simple moving average is $35.84. The firm has a market cap of $4.60 billion, a P/E ratio of -2.16 and a beta of 1.61.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in shares of Spirit Aerosystems by 48.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,029 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 334 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Spirit Aerosystems by 33,966.7% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 1,019 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Spirit Aerosystems in the 4th quarter valued at about $67,000. Senator Investment Group LP lifted its holdings in shares of Spirit Aerosystems by 415.3% in the 4th quarter. Senator Investment Group LP now owns 92,000 shares of the aerospace company's stock valued at $124,000 after acquiring an additional 74,145 shares during the last quarter. Finally, Byrne Asset Management LLC lifted its holdings in shares of Spirit Aerosystems by 128.2% in the 1st quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company's stock valued at $161,000 after acquiring an additional 2,629 shares during the last quarter. 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.