Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Given Consensus Rating of “Hold” by Analysts

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have received a consensus rating of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Fifteen analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $35.67.

Several research analysts recently issued reports on SPR shares. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research note on Monday, January 27th. They issued a “sell” rating for the company. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th.

Hedge Funds Weigh In On Spirit AeroSystems

Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in shares of Spirit AeroSystems by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock worth $723,000 after acquiring an additional 332 shares during the last quarter. KBC Group NV boosted its stake in Spirit AeroSystems by 20.1% during the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after buying an additional 771 shares during the period. R Squared Ltd bought a new position in Spirit AeroSystems during the 4th quarter valued at about $30,000. Waldron Private Wealth LLC purchased a new stake in shares of Spirit AeroSystems in the third quarter worth approximately $32,000. Finally, Byrne Asset Management LLC lifted its position in shares of Spirit AeroSystems by 210.6% during the fourth 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 during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Down 2.8 %

Shares of Spirit AeroSystems stock opened at $33.89 on Monday. Spirit AeroSystems has a 12-month low of $25.50 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 1.81. The company’s fifty day simple moving average is $33.42 and its two-hundred day simple moving average is $33.30.

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.