Spirit Aerosystems (NYSE:SPR) Given a $40.00 Price Target at Susquehanna

Susquehanna set a $40.00 price target on Spirit Aerosystems (NYSE:SPR) in a research report report published on Monday, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the aerospace company’s stock.

Spirit Aerosystems Stock Performance

Shares of Spirit Aerosystems stock opened at $40.62 on Monday. Spirit Aerosystems has a one year low of $27.00 and a one year high of $40.74. The company has a market cap of $4.77 billion, a PE ratio of -2.23 and a beta of 1.61. The business has a 50-day simple moving average of $37.55 and a 200-day simple moving average of $35.20.

Spirit Aerosystems (NYSE:SPR) last announced its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.14) by ($3.11). The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Spirit Aerosystems’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($3.93) earnings per share. On average, sell-side analysts predict that Spirit Aerosystems will post -11.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings 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 valued at $39,000 after acquiring an additional 334 shares in the last quarter. Headlands Technologies LLC acquired a new position in Spirit Aerosystems in the 4th quarter valued at approximately $67,000. Vestcor Inc acquired a new position in Spirit Aerosystems in the 4th quarter valued at approximately $97,000. Senator Investment Group LP raised its holdings in Spirit Aerosystems by 415.3% in the 4th quarter. Senator Investment Group LP now owns 92,000 shares of the aerospace company’s stock valued at $124,000 after acquiring an additional 74,145 shares in the last quarter. Finally, Byrne Asset Management LLC raised its holdings in shares of 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 buying an additional 2,629 shares in the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

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.