Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives Consensus Recommendation of “Hold” from Analysts

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been assigned an average rating of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat reports. Fourteen analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $36.00.

A number of analysts have commented on SPR shares. StockNews.com began coverage on Spirit AeroSystems in a report on Tuesday. They set a “sell” rating for the company. TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th.

Spirit AeroSystems Price Performance

Shares of NYSE SPR opened at $34.53 on Monday. Spirit AeroSystems has a 1 year low of $28.25 and a 1 year high of $37.08. The stock has a market capitalization of $4.04 billion, a P/E ratio of -2.78 and a beta of 1.80. The company has a 50-day moving average price of $33.63 and a 200-day moving average price of $33.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPR. Bank of Montreal Can lifted its stake in Spirit AeroSystems by 3.3% in the second quarter. Bank of Montreal Can now owns 43,492 shares of the aerospace company’s stock valued at $1,432,000 after purchasing an additional 1,408 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Spirit AeroSystems by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock valued at $723,000 after buying an additional 332 shares during the last quarter. Creative Planning grew its stake in shares of Spirit AeroSystems by 41.0% during the 2nd quarter. Creative Planning now owns 99,014 shares of the aerospace company’s stock worth $3,255,000 after acquiring an additional 28,775 shares during the period. Sanctuary Advisors LLC bought a new stake in Spirit AeroSystems in the 2nd quarter valued at about $924,000. Finally, Inspire Investing LLC lifted its holdings in Spirit AeroSystems by 17.7% during the third quarter. Inspire Investing LLC now owns 12,582 shares of the aerospace company’s stock valued at $409,000 after purchasing an additional 1,893 shares during the last quarter. 93.59% of the stock is currently 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.