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

StockNews.com initiated coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note released on Wednesday morning. The brokerage issued a sell rating on the aerospace company’s stock.

A number of other research firms have also recently issued reports on SPR. TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.00.

Spirit AeroSystems Price Performance

Shares of NYSE:SPR opened at $34.53 on Wednesday. Spirit AeroSystems has a 1 year low of $28.30 and a 1 year high of $37.08. The business’s 50-day moving average is $33.73 and its 200-day moving average is $33.26.

Institutional Investors Weigh In On Spirit AeroSystems

Several hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd bought a new position in Spirit AeroSystems in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in Spirit AeroSystems during the 4th quarter valued at $32,000. Waldron Private Wealth LLC purchased a new stake in shares of Spirit AeroSystems in the third quarter valued at about $32,000. Quest Partners LLC purchased a new position in Spirit AeroSystems during the third quarter worth about $49,000. Finally, Headlands Technologies LLC bought a new stake in Spirit AeroSystems in the 4th quarter worth about $67,000. 93.59% of the stock is owned by institutional investors.

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.