Spirit Aerosystems (NYSE:SPR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Spirit Aerosystems (NYSE:SPR) from a strong sell rating to a hold rating in a research report released on Saturday morning.

Separately, Susquehanna raised their target price on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th.

Spirit Aerosystems Price Performance

Spirit Aerosystems stock opened at $39.53 on Friday. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of -1.97 and a beta of 1.70. Spirit Aerosystems has a 1-year low of $27.00 and a 1-year high of $42.33. The business has a fifty day moving average price of $38.88 and a 200-day moving average price of $36.14.

Spirit Aerosystems (NYSE:SPR) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($2.82). The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Spirit Aerosystems’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned ($2.73) earnings per share. On average, equities research analysts anticipate that Spirit Aerosystems will post -11.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Spirit Aerosystems

A number of institutional investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Spirit Aerosystems by 3.0% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,722 shares of the aerospace company’s stock valued at $447,000 after purchasing an additional 341 shares in the last quarter. D Orazio & Associates Inc. increased its stake in shares of Spirit Aerosystems by 11.5% in the 2nd quarter. D Orazio & Associates Inc. now owns 44,017 shares of the aerospace company’s stock valued at $1,679,000 after purchasing an additional 4,543 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Spirit Aerosystems by 6.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 44,964 shares of the aerospace company’s stock valued at $1,715,000 after purchasing an additional 2,779 shares in the last quarter. BCK Capital Management LP increased its stake in shares of Spirit Aerosystems by 75.1% in the 2nd quarter. BCK Capital Management LP now owns 129,860 shares of the aerospace company’s stock valued at $4,954,000 after purchasing an additional 55,701 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of Spirit Aerosystems in the 2nd quarter valued at about $405,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

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.