Spirit AeroSystems (NYSE:SPR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research report sent to investors on Thursday. The brokerage issued a sell rating on the aerospace company’s stock.

SPR has been the topic of a number of other reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. TD Cowen raised 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 assigned a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.00.

Spirit AeroSystems Stock Down 1.7 %

SPR stock opened at $33.88 on Thursday. The business has a 50 day moving average of $33.99 and a 200-day moving average of $33.24. Spirit AeroSystems has a 12-month low of $28.30 and a 12-month high of $37.08. The firm has a market cap of $3.96 billion, a PE ratio of -2.73 and a beta of 1.80.

Institutional Trading of Spirit AeroSystems

Several institutional investors and hedge funds have recently bought and sold shares of SPR. Norges Bank purchased a new stake in Spirit AeroSystems in the fourth quarter worth about $105,879,000. National Bank of Canada FI lifted its holdings in Spirit AeroSystems by 3,996.6% in the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after buying an additional 2,438,974 shares during the period. Alpine Associates Management Inc. purchased a new stake in Spirit AeroSystems in the third quarter worth about $77,296,000. Adage Capital Partners GP L.L.C. lifted its holdings in Spirit AeroSystems by 73.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company’s stock worth $83,114,000 after buying an additional 1,029,989 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Spirit AeroSystems by 1,744.2% in the third quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock worth $26,557,000 after buying an additional 758,599 shares during the period. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

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.