Spirit AeroSystems (NYSE:SPR) Now Covered by StockNews.com

StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note issued to investors on Thursday. The brokerage issued a sell rating on the aerospace company’s stock.

A number of other research firms have also weighed in on SPR. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Spirit AeroSystems Stock Performance

Shares of Spirit AeroSystems stock opened at $34.43 on Thursday. The stock has a market capitalization of $4.03 billion, a PE ratio of -2.77 and a beta of 1.80. Spirit AeroSystems has a 52 week low of $28.30 and a 52 week high of $37.08. The stock has a 50 day moving average price of $33.98 and a two-hundred day moving average price of $33.24.

Institutional Investors Weigh In On Spirit AeroSystems

Several large investors have recently made changes to their positions in SPR. Norges Bank purchased a new stake in Spirit AeroSystems during the fourth quarter worth about $105,879,000. National Bank of Canada FI grew its position in shares of Spirit AeroSystems by 3,996.6% during the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock valued at $81,275,000 after acquiring an additional 2,438,974 shares during the period. Alpine Associates Management Inc. purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter worth approximately $77,296,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of Spirit AeroSystems by 73.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company’s stock worth $83,114,000 after purchasing an additional 1,029,989 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Spirit AeroSystems by 1,744.2% in the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock worth $26,557,000 after purchasing an additional 758,599 shares during the period. 93.59% of the stock is owned by hedge funds and other 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.