Spirit Aerosystems (NYSE:SPR) Reaches New 12-Month High - Still a Buy?

Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $39.02 and last traded at $38.98, with a volume of 143564 shares. The stock had previously closed at $38.44.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on shares of Spirit Aerosystems in a research report on Saturday, March 8th. They issued a "hold" rating for the company. Ten investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $36.79.

Spirit Aerosystems Stock Performance

The company has a market cap of $4.34 billion, a PE ratio of -2.03 and a beta of 1.61. The company's 50-day simple moving average is $37.20 and its 200 day simple moving average is $35.00.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing the consensus estimate 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. The company's revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the business posted ($3.93) earnings per share. Analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

Institutional Investors Weigh In On Spirit Aerosystems

Several institutional investors have recently modified their holdings of SPR. Proficio Capital Partners LLC purchased a new stake in shares of Spirit Aerosystems during the 4th quarter worth $520,000. SBI Securities Co. Ltd. purchased a new stake in Spirit Aerosystems in the fourth quarter valued at $32,000. M&T Bank Corp lifted its position in Spirit Aerosystems by 12.3% in the fourth quarter. M&T Bank Corp now owns 35,355 shares of the aerospace company's stock valued at $1,204,000 after acquiring an additional 3,880 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Spirit Aerosystems in the fourth quarter valued at $290,000. Finally, Alpine Associates Management Inc. lifted its position in Spirit Aerosystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company's stock valued at $105,395,000 after acquiring an additional 714,984 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

About Spirit Aerosystems

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.