Spirit Aerosystems (NYSE:SPR) Stock Passes Above 200-Day Moving Average – Should You Sell?

Spirit Aerosystems Holdings, Inc. (NYSE:SPR) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.79 and traded as high as $39.63. Spirit Aerosystems shares last traded at $39.4440, with a volume of 11,351,328 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SPR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Spirit Aerosystems in a report on Wednesday, October 8th. Zacks Research raised Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $38.63.

Spirit Aerosystems Stock Performance

The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of -1.78 and a beta of 1.11. The business’s 50 day moving average is $37.70 and its 200-day moving average is $38.80.

Spirit Aerosystems (NYSE:SPR) last issued its quarterly earnings results on Friday, October 31st. The aerospace company reported ($4.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($4.50). The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.92 billion. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($3.03) earnings per share. Equities research analysts forecast that Spirit Aerosystems Holdings, Inc. will post -11.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Ethic Inc. bought a new position in Spirit Aerosystems during the 2nd quarter worth approximately $400,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Spirit Aerosystems in the second quarter worth about $3,272,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Spirit Aerosystems during the second quarter worth about $340,000. XTX Topco Ltd grew its position in shares of Spirit Aerosystems by 70.6% in the 2nd quarter. XTX Topco Ltd now owns 30,047 shares of the aerospace company’s stock valued at $1,146,000 after purchasing an additional 12,438 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in Spirit Aerosystems during the 2nd quarter worth approximately $1,747,000. Institutional investors own 93.59% of the company’s stock.

About Spirit Aerosystems

Spirit AeroSystems Holdings, Inc is one of the world’s largest independent manufacturers of aerostructures for commercial and defense aircraft. Established in 2005 as a spin-off from The Boeing Company’s Wichita division, Spirit designs, builds and assembles complex assemblies and components such as fuselages, wing systems, pylons and nacelles. The company’s core business activities center on lightweight composite and aluminum structures, advanced tooling, and aftermarket services to support the full life cycle of an aircraft.

In its commercial segment, Spirit AeroSystems supplies major airframers including Boeing and Airbus, producing critical sections for models such as the 737, 777, 787 and A350 families.