Spirit AeroSystems (NYSE:SPR) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.22 and traded as high as $34.43. Spirit AeroSystems shares last traded at $33.54, with a volume of 909,924 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com started coverage on shares of Spirit AeroSystems in a research note on Friday. They issued a “sell” rating for the company. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.67.

Spirit AeroSystems Stock Performance

The company has a 50 day moving average of $32.49 and a two-hundred day moving average of $33.24. The stock has a market capitalization of $3.87 billion, a PE ratio of -2.66 and a beta of 1.82.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. As a group, research analysts predict that Spirit AeroSystems Holdings, Inc. will post -12.64 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Several large investors have recently bought and sold shares of SPR. Waldron Private Wealth LLC acquired a new stake in shares of Spirit AeroSystems during the third quarter worth $32,000. Quest Partners LLC purchased a new position in Spirit AeroSystems in the 3rd quarter worth $49,000. Quarry LP raised its stake in Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after acquiring an additional 751 shares during the last quarter. KBC Group NV lifted its position in Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after acquiring an additional 771 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Spirit AeroSystems during the 2nd quarter valued at about $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.