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

Equities research analysts at StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR - Get Free Report) in a note issued to investors on Wednesday. The brokerage set a "sell" rating on the aerospace company's stock.

Several other analysts have also recently weighed in on SPR. TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $36.00.

Spirit AeroSystems Price Performance

Shares of NYSE:SPR traded up $0.02 on Wednesday, hitting $34.55. The company's stock had a trading volume of 503,733 shares, compared to its average volume of 1,181,641. The company has a 50-day simple moving average of $33.82 and a 200 day simple moving average of $33.24. The company has a market capitalization of $4.04 billion, a PE ratio of -2.78 and a beta of 1.80. Spirit AeroSystems has a 1 year low of $28.30 and a 1 year high of $37.08.

Hedge Funds Weigh In On Spirit AeroSystems

A number of hedge funds have recently modified their holdings of SPR. Inspire Investing LLC increased its holdings in Spirit AeroSystems by 17.7% during the 3rd quarter. Inspire Investing LLC now owns 12,582 shares of the aerospace company's stock valued at $409,000 after purchasing an additional 1,893 shares during the period. Blue Trust Inc. raised its holdings in shares of Spirit AeroSystems by 27.7% during the third quarter. Blue Trust Inc. now owns 9,125 shares of the aerospace company's stock valued at $300,000 after acquiring an additional 1,979 shares in the last quarter. Jade Capital Advisors LLC lifted its stake in Spirit AeroSystems by 6.6% in the third quarter. Jade Capital Advisors LLC now owns 162,560 shares of the aerospace company's stock worth $5,285,000 after acquiring an additional 10,000 shares during the period. Waldron Private Wealth LLC bought a new stake in Spirit AeroSystems in the third quarter valued at $32,000. Finally, International Assets Investment Management LLC increased its position in Spirit AeroSystems by 180,792.9% during the 3rd quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company's stock valued at $779,000 after purchasing an additional 25,311 shares during the period. Hedge funds and other institutional investors own 93.59% of the company's stock.

Spirit AeroSystems Company Profile

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.