Spirit AeroSystems (NYSE:SPR) Now Covered by StockNews.com

StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report released on Sunday morning. The firm issued a sell rating on the aerospace company’s stock.

Separately, Royal Bank of Canada reiterated a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Spirit AeroSystems presently has a consensus rating of “Hold” and a consensus target price of $35.67.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR opened at $32.50 on Friday. Spirit AeroSystems has a one year low of $25.16 and a one year high of $37.08. The business has a 50-day moving average price of $32.13 and a two-hundred day moving average price of $32.74.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. As a group, analysts anticipate that Spirit AeroSystems will post -12.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SPR. Byrne Asset Management LLC bought a new stake in shares of Spirit AeroSystems during the second quarter valued at approximately $30,000. Waldron Private Wealth LLC acquired a new position in Spirit AeroSystems in the third quarter worth $32,000. Quest Partners LLC acquired a new position in shares of Spirit AeroSystems during the third quarter valued at $49,000. Quarry LP lifted its stake in shares of Spirit AeroSystems by 49.0% during the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after acquiring an additional 751 shares during the period. Finally, KBC Group NV increased its holdings in Spirit AeroSystems by 20.1% in the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock valued at $150,000 after purchasing an additional 771 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

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.