Weiss Ratings Reiterates "Sell (D-)" Rating for Spirit Aerosystems (NYSE:SPR)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Spirit Aerosystems (NYSE:SPR), indicating ongoing concerns about the stock's performance.
• Spirit Aerosystems' recent earnings reported a loss of ($3.34) EPS, significantly missing analysts' consensus estimate of ($0.52), despite a 9.6% year-over-year increase in revenue.
• A mix of analysts' ratings has emerged, with one "Strong Buy," three "Hold," and one "Sell" rating, reflecting varied opinions on the stock's potential moving forward.

Spirit Aerosystems (NYSE:SPR - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on SPR. Susquehanna boosted their price objective on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Zacks Research raised shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research report on Monday, September 15th. Finally, Wall Street Zen raised shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $38.63.

Spirit Aerosystems Trading Up 1.8%

NYSE:SPR traded up $0.71 during trading hours on Wednesday, reaching $40.29. The company had a trading volume of 573,508 shares, compared to its average volume of 1,001,303. Spirit Aerosystems has a 52 week low of $27.00 and a 52 week high of $42.33. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of -2.01 and a beta of 1.70. The firm's 50 day moving average price is $39.88 and its 200-day moving average price is $37.79.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) EPS for the quarter, missing analysts' consensus estimates of ($0.52) by ($2.82). The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business posted ($2.73) earnings per share. The company's revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts forecast that Spirit Aerosystems will post -11.88 earnings per share for the current fiscal year.

Institutional Trading of Spirit Aerosystems

Hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its stake in Spirit Aerosystems by 33,966.7% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the aerospace company's stock worth $39,000 after purchasing an additional 1,019 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Spirit Aerosystems by 48.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,029 shares of the aerospace company's stock worth $39,000 after purchasing an additional 334 shares in the last quarter. Byrne Asset Management LLC lifted its stake in Spirit Aerosystems by 128.2% in the 1st quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company's stock worth $161,000 after purchasing an additional 2,629 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in Spirit Aerosystems in the 2nd quarter worth $204,000. Finally, Maryland State Retirement & Pension System purchased a new stake in Spirit Aerosystems in the 2nd quarter worth $207,000. 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.

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