Spirit AeroSystems (NYSE:SPR) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPRGet Free Report) in a note issued to investors on Monday. The firm set a “sell” rating on the aerospace company’s stock.

Separately, TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Spirit AeroSystems currently has an average rating of “Hold” and an average price target of $35.67.

Read Our Latest Stock Analysis on Spirit AeroSystems

Spirit AeroSystems Price Performance

SPR opened at $34.55 on Monday. Spirit AeroSystems has a one year low of $25.16 and a one year high of $37.08. The firm has a market capitalization of $4.04 billion, a P/E ratio of -2.78 and a beta of 1.81. The company has a fifty day moving average price of $33.28 and a 200-day moving average price of $33.32.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Entropy Technologies LP increased its stake in Spirit AeroSystems by 37.9% in the 4th quarter. Entropy Technologies LP now owns 20,915 shares of the aerospace company’s stock worth $713,000 after purchasing an additional 5,746 shares during the period. Empowered Funds LLC purchased a new position in shares of Spirit AeroSystems in the fourth quarter worth $366,000. Byrne Asset Management LLC raised its holdings in Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,390 shares during the last quarter. Oak Family Advisors LLC purchased a new stake in Spirit AeroSystems during the 4th quarter valued at $999,000. Finally, R Squared Ltd bought a new stake in Spirit AeroSystems in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

About Spirit AeroSystems

(Get Free Report)

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.

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Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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