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

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

Separately, TD Cowen upgraded 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 issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Stock Performance

NYSE SPR opened at $34.23 on Monday. Spirit AeroSystems has a 1 year low of $25.16 and a 1 year high of $37.08. The business’s fifty day moving average is $33.18 and its two-hundred day moving average is $33.32. The stock has a market capitalization of $4.00 billion, a P/E ratio of -2.76 and a beta of 1.81.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in shares of Spirit AeroSystems in the fourth quarter worth $30,000. Waldron Private Wealth LLC bought a new stake in shares of Spirit AeroSystems during the third quarter valued at approximately $32,000. Quest Partners LLC bought a new position in Spirit AeroSystems in the third quarter worth $49,000. Quarry LP increased its holdings in Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after buying an additional 751 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in shares of Spirit AeroSystems during the 4th quarter worth about $149,000. 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.