Spirit Aerosystems (NYSE:SPR) Reaches New 1-Year High - Time to Buy?

Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Get Free Report) reached a new 52-week high during mid-day trading 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 note on Saturday, March 8th. They set 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.79.

Spirit Aerosystems Trading Down 3.7%

The company has a market capitalization of $4.34 billion, a P/E ratio of -2.03, a PEG ratio of 2.38 and a beta of 1.61. The firm's 50 day moving average price is $37.20 and its two-hundred day moving average price is $34.98.

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 firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. The company's revenue was down 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($3.93) earnings per share. Analysts anticipate that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Spirit Aerosystems

Several large investors have recently made changes to their positions in the stock. Treasurer of the State of North Carolina boosted its holdings in shares of Spirit Aerosystems by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 50,980 shares of the aerospace company's stock valued at $1,737,000 after buying an additional 320 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Spirit Aerosystems by 10.0% in the 4th quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock valued at $263,000 after buying an additional 703 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Spirit Aerosystems in the 4th quarter valued at approximately $32,000. Empowered Funds LLC boosted its holdings in shares of Spirit Aerosystems by 9.7% in the 1st quarter. Empowered Funds LLC now owns 11,793 shares of the aerospace company's stock valued at $406,000 after buying an additional 1,044 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Spirit Aerosystems by 23.1% in the 1st quarter. KBC Group NV now owns 7,055 shares of the aerospace company's stock valued at $243,000 after buying an additional 1,322 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company's stock.

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.