StockNews.com Initiates Coverage on Spirit AeroSystems (NYSE:SPR)

Stock analysts at StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note issued to investors on Tuesday. The brokerage 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 analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Spirit AeroSystems presently has an average rating of “Hold” and a consensus price target of $35.67.

Spirit AeroSystems Stock Performance

NYSE:SPR opened at $34.98 on Tuesday. The business has a fifty day moving average of $33.54 and a 200-day moving average of $33.29. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of -2.82 and a beta of 1.80. Spirit AeroSystems has a 1 year low of $25.50 and a 1 year high of $37.08.

Institutional Investors Weigh In On Spirit AeroSystems

Several large investors have recently made changes to their positions in SPR. R Squared Ltd acquired a new stake in shares of Spirit AeroSystems in the fourth quarter valued at $30,000. Waldron Private Wealth LLC bought a new position in Spirit AeroSystems during the third quarter worth about $32,000. Quest Partners LLC bought a new stake in Spirit AeroSystems in the third quarter valued at approximately $49,000. Byrne Asset Management LLC lifted its holdings in Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,390 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in Spirit AeroSystems during the 4th quarter worth approximately $149,000. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Company Profile

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.