Spirit AeroSystems (NYSE:SPR) Shares Gap Up - Should You Buy?

Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $34.89, but opened at $35.75. Spirit AeroSystems shares last traded at $35.87, with a volume of 302,513 shares changing hands.

Analysts Set New Price Targets

Several analysts recently issued reports on SPR shares. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They set a "hold" rating on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fourteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems currently has a consensus rating of "Hold" and a consensus price target of $36.56.

Spirit AeroSystems Stock Down 0.1 %

The company has a market capitalization of $4.20 billion, a PE ratio of -2.89 and a beta of 1.41. The firm's 50 day simple moving average is $33.78 and its 200 day simple moving average is $33.35.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its 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 firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business posted ($3.93) earnings per share. The business's revenue for the quarter was down 10.6% on a year-over-year basis. As a group, sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Hedge funds have recently bought and sold shares of the stock. R Squared Ltd bought a new position in shares of Spirit AeroSystems in the 4th quarter worth $30,000. SBI Securities Co. Ltd. bought a new position in Spirit AeroSystems in the fourth quarter worth about $32,000. Headlands Technologies LLC purchased a new stake in shares of Spirit AeroSystems during the fourth quarter valued at about $67,000. Byrne Asset Management LLC boosted its holdings in shares of Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock valued at $70,000 after buying an additional 1,390 shares in the last quarter. Finally, Vestcor Inc purchased a new position in shares of Spirit AeroSystems in the 4th quarter worth approximately $97,000. Hedge funds and other 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.