Spirit Aerosystems (NYSE:SPR) Hits New 12-Month High - Here's What Happened

Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $41.61 and last traded at $41.17, with a volume of 297409 shares trading hands. The stock had previously closed at $40.63.

Analyst Upgrades and Downgrades

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

Spirit Aerosystems Stock Performance

The stock has a fifty day moving average of $38.29 and a 200 day moving average of $35.62. The company has a market capitalization of $4.80 billion, a PE ratio of -2.24 and a beta of 1.61.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted ($3.93) earnings per share. The company's quarterly revenue was down 10.6% compared to the same quarter last year. As a group, equities analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of Spirit Aerosystems by 3.2% during the 2nd quarter. CWM LLC now owns 8,074 shares of the aerospace company's stock worth $308,000 after acquiring an additional 247 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of Spirit Aerosystems during the 2nd quarter valued at approximately $340,000. Inspire Investing LLC boosted its position in shares of Spirit Aerosystems by 3.1% during the 2nd quarter. Inspire Investing LLC now owns 10,230 shares of the aerospace company's stock valued at $390,000 after acquiring an additional 312 shares during the last quarter. Maryland State Retirement & Pension System bought a new position in shares of Spirit Aerosystems during the 2nd quarter valued at approximately $207,000. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Spirit Aerosystems by 21.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 29,800 shares of the aerospace company's stock valued at $1,137,000 after acquiring an additional 5,200 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

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.