StockNews.com Initiates Coverage on Spirit AeroSystems (NYSE:SPR)

Equities researchers at StockNews.com initiated coverage on shares of Spirit AeroSystems (NYSE:SPR - Get Free Report) in a research report issued to clients and investors on Saturday. The firm set 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 research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, Spirit AeroSystems presently has an average rating of "Hold" and an average target price of $35.67.

Spirit AeroSystems Trading Up 1.0 %

Spirit AeroSystems stock traded up $0.34 during trading on Friday, hitting $34.25. 889,653 shares of the company were exchanged, compared to its average volume of 1,007,276. The company has a market capitalization of $4.00 billion, a P/E ratio of -2.76 and a beta of 1.81. The business's 50 day moving average is $32.62 and its 200 day moving average is $33.31. Spirit AeroSystems has a 52 week low of $25.16 and a 52 week high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.83 billion. Equities analysts expect that Spirit AeroSystems will post -12.64 EPS for the current year.

Hedge Funds Weigh In On Spirit AeroSystems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Waldron Private Wealth LLC purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at approximately $32,000. Quest Partners LLC purchased a new stake in shares of Spirit AeroSystems during the third quarter worth $49,000. Quarry LP boosted its holdings in shares of Spirit AeroSystems by 49.0% in the second quarter. Quarry LP now owns 2,285 shares of the aerospace company's stock worth $75,000 after acquiring an additional 751 shares during the period. KBC Group NV grew its position in shares of Spirit AeroSystems by 20.1% in the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company's stock valued at $150,000 after purchasing an additional 771 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Spirit AeroSystems during the 2nd quarter valued at $207,000. 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.