Spirit AeroSystems (NYSE:SPR) Now Covered by StockNews.com

Investment analysts at StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the aerospace company’s stock.

Other research analysts have also issued reports about the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Spirit AeroSystems has an average rating of “Hold” and an average target price of $36.00.

Spirit AeroSystems Trading Up 0.1 %

Spirit AeroSystems stock opened at $34.36 on Wednesday. Spirit AeroSystems has a 1-year low of $28.30 and a 1-year high of $37.08. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of -2.77 and a beta of 1.80. The firm’s fifty day moving average price is $33.70 and its two-hundred day moving average price is $33.25.

Hedge Funds Weigh In On Spirit AeroSystems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. R Squared Ltd purchased a new position in Spirit AeroSystems in the 4th quarter worth approximately $30,000. Waldron Private Wealth LLC purchased a new stake in Spirit AeroSystems during the 3rd quarter valued at $32,000. SBI Securities Co. Ltd. bought a new position in Spirit AeroSystems in the 4th quarter worth $32,000. Quest Partners LLC bought a new position in Spirit AeroSystems in the 3rd quarter worth $49,000. Finally, Byrne Asset Management LLC raised its holdings in Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 1,390 shares in the last quarter. 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.