Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives Consensus Rating of “Hold” from Brokerages

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been given an average recommendation of “Hold” by the fifteen analysts that are presently covering the company, Marketbeat reports. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $36.00.

A number of research firms have weighed in on SPR. StockNews.com started coverage on Spirit AeroSystems in a report on Tuesday. They set a “sell” rating for the company. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th.

Spirit AeroSystems Price Performance

Spirit AeroSystems stock opened at $34.53 on Monday. Spirit AeroSystems has a one year low of $28.25 and a one year high of $37.08. The firm has a market capitalization of $4.04 billion, a P/E ratio of -2.78 and a beta of 1.80. The business has a fifty day moving average price of $33.63 and a 200-day moving average price of $33.30.

Hedge Funds Weigh In On Spirit AeroSystems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Spirit AeroSystems by 20.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,231 shares of the aerospace company’s stock valued at $1,030,000 after acquiring an additional 5,135 shares in the last quarter. Alpine Associates Management Inc. boosted its stake in shares of Spirit AeroSystems by 30.1% during the 4th quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock valued at $105,395,000 after purchasing an additional 714,984 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Spirit AeroSystems during the fourth quarter valued at about $290,000. Proficio Capital Partners LLC bought a new position in Spirit AeroSystems in the fourth quarter worth about $520,000. Finally, M&T Bank Corp lifted its holdings in Spirit AeroSystems by 12.3% in the fourth quarter. M&T Bank Corp now owns 35,355 shares of the aerospace company’s stock worth $1,204,000 after buying an additional 3,880 shares during the period. Institutional investors 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.