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

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

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

Spirit AeroSystems Trading Down 0.1 %

Shares of SPR stock opened at $34.23 on Monday. The firm’s 50 day moving average is $33.18 and its 200-day moving average is $33.32. Spirit AeroSystems has a 1 year low of $25.16 and a 1 year high of $37.08. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of -2.76 and a beta of 1.81.

Institutional Trading of Spirit AeroSystems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oak Family Advisors LLC acquired a new stake in Spirit AeroSystems during the 4th quarter worth approximately $999,000. R Squared Ltd acquired a new stake in shares of Spirit AeroSystems during the 4th quarter worth approximately $30,000. KBC Group NV raised its holdings in shares of Spirit AeroSystems by 24.4% during the 4th quarter. KBC Group NV now owns 5,733 shares of the aerospace company’s stock worth $195,000 after buying an additional 1,126 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in Spirit AeroSystems in the fourth quarter valued at about $149,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Spirit AeroSystems by 52.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,827 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 3,030 shares during the last quarter. 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.