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

StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research report report published on Monday morning. The firm issued a sell rating on the aerospace company’s stock.

Separately, TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus price target of $35.67.

Spirit AeroSystems Stock Performance

Spirit AeroSystems stock opened at $34.10 on Monday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of -2.75 and a beta of 1.81. Spirit AeroSystems has a 1 year low of $25.16 and a 1 year high of $37.08. The firm’s 50 day moving average price is $33.33 and its two-hundred day moving average price is $33.33.

Institutional Investors Weigh In On Spirit AeroSystems

A number of institutional investors have recently modified their holdings of SPR. American Century Companies Inc. boosted its position in Spirit AeroSystems by 6.6% during the second quarter. American Century Companies Inc. now owns 12,850 shares of the aerospace company’s stock valued at $422,000 after purchasing an additional 794 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Spirit AeroSystems by 99.9% in the second quarter. Hsbc Holdings PLC now owns 17,209 shares of the aerospace company’s stock valued at $569,000 after acquiring an additional 8,600 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Spirit AeroSystems by 3.3% during the 2nd quarter. Bank of Montreal Can now owns 43,492 shares of the aerospace company’s stock worth $1,432,000 after purchasing an additional 1,408 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Spirit AeroSystems by 1,016.8% in the second quarter. Marshall Wace LLP now owns 230,398 shares of the aerospace company’s stock worth $7,573,000 after buying an additional 209,768 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Spirit AeroSystems by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock worth $723,000 after purchasing an additional 332 shares during the last quarter. 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.