Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $38.92 and last traded at $38.73, with a volume of 1514447 shares. The stock had previously closed at $37.94.
Analyst Ratings Changes
Separately, Wall Street Zen began coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They set a "hold" rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $36.56.
Check Out Our Latest Research Report on Spirit AeroSystems
Spirit AeroSystems Stock Down 1.9%
The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of -2.96 and a beta of 1.63. The firm has a fifty day moving average of $35.98 and a 200-day moving average of $34.48.
Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company posted ($3.93) earnings per share. The firm's revenue for the quarter was down 10.6% on a year-over-year basis. As a group, research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.
Institutional Investors Weigh In On Spirit AeroSystems
A number of institutional investors have recently added to or reduced their stakes in SPR. SBI Securities Co. Ltd. acquired a new position in shares of Spirit AeroSystems in the fourth quarter worth about $32,000. Headlands Technologies LLC bought a new position in Spirit AeroSystems during the 4th quarter valued at $67,000. Vestcor Inc acquired a new stake in shares of Spirit AeroSystems during the 4th quarter valued at $97,000. Byrne Asset Management LLC lifted its position in shares of Spirit AeroSystems by 128.2% during 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. Finally, Russell Investments Group Ltd. boosted its position in Spirit AeroSystems by 48.0% during the first quarter. Russell Investments Group Ltd. now owns 6,061 shares of the aerospace company's stock valued at $209,000 after purchasing an additional 1,967 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.
Spirit AeroSystems Company Profile
(
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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