Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Free Report) was the target of some unusual options trading activity on Thursday. Investors bought 41,212 put options on the company. This is an increase of 504% compared to the typical volume of 6,824 put options.
Institutional Trading of Spirit AeroSystems
Large investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Spirit AeroSystems in the first quarter worth about $25,000. Principal Securities Inc. purchased a new position in Spirit AeroSystems in the 4th quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in Spirit AeroSystems in the first quarter valued at approximately $35,000. Allspring Global Investments Holdings LLC raised its stake in shares of Spirit AeroSystems by 148.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 724 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Spirit AeroSystems during the fourth quarter worth $124,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.
Spirit AeroSystems Stock Performance
Spirit AeroSystems stock opened at $32.94 on Friday. Spirit AeroSystems has a 1 year low of $14.65 and a 1 year high of $36.34. The firm has a 50 day moving average price of $33.26 and a 200 day moving average price of $29.23. The company has a market cap of $3.82 billion, a price-to-earnings ratio of -5.44, a PEG ratio of 25.12 and a beta of 1.79.
Analyst Ratings Changes
Several research analysts have weighed in on the company. TD Cowen upgraded Spirit AeroSystems from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $27.00 to $35.00 in a research note on Thursday, February 8th. Stifel Nicolaus lifted their target price on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. The Goldman Sachs Group raised their price objective on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. KeyCorp began coverage on Spirit AeroSystems in a research report on Wednesday, January 17th. They set a “sector weight” rating on the stock. Finally, Citigroup assumed coverage on Spirit AeroSystems in a report on Wednesday, January 17th. They set a “buy” rating and a $39.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.39.
View Our Latest Stock Report on Spirit AeroSystems
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.
Featured Stories
- Five stocks we like better than Spirit AeroSystems
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Appleās Earnings Show Investors Its Strength and Its Weakness
- P/E Ratio Calculation: How to Assess Stocks
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
- Trading Halts Explained
- DraftKings Q1: Strong Customer Acquisition and Product Innovation
Receive News & Ratings for Spirit AeroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems and related companies with MarketBeat.com's FREE daily email newsletter.