Investment analysts at StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR – Get 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
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
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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