NEW YORK ( TheStreet) -- Spirit AeroSystems Holdings (NYSE: SPR) hit a new 52-week high Friday as it traded at $25.86 compared with its previous 52-Week high of $25.85. Spirit AeroSystems is changing hands at $25.85 with 180,035 shares traded as of 11:21 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Spirit AeroSystems has a market cap of $2.7 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 21.5% year to date as of the close of trading on Thursday.

Spirit AeroSystems Holdings, Inc., through its subsidiaries, designs, engineers, and manufactures commercial aircraft structures worldwide. It operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The company has a P/E ratio of 16.3, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Spirit AeroSystems as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Spirit AeroSystems Ratings Report.

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