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

Equities researchers at StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report released on Tuesday. The firm set a “sell” rating on the aerospace company’s stock.

Separately, TD Cowen upgraded shares of 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, fifteen have given a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Price Performance

SPR opened at $34.98 on Tuesday. The company has a market capitalization of $4.09 billion, a PE ratio of -2.82 and a beta of 1.80. The business has a fifty day simple moving average of $33.54 and a 200 day simple moving average of $33.29. Spirit AeroSystems has a 1 year low of $25.50 and a 1 year high of $37.08.

Institutional Investors Weigh In On Spirit AeroSystems

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AIMZ Investment Advisors LLC purchased a new stake in Spirit AeroSystems in the 4th quarter valued at $208,000. Proficio Capital Partners LLC bought a new stake in Spirit AeroSystems in the fourth quarter worth about $520,000. New York Life Investment Management LLC increased its stake in shares of Spirit AeroSystems by 37.7% during the 4th quarter. New York Life Investment Management LLC now owns 180,327 shares of the aerospace company’s stock worth $6,146,000 after purchasing an additional 49,386 shares during the last quarter. Spectrum Financial Alliance Ltd LLC purchased a new position in Spirit AeroSystems in the fourth quarter valued at approximately $2,270,000. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Spirit AeroSystems by 15.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 65,928 shares of the aerospace company’s stock valued at $2,247,000 after buying an additional 8,994 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

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.