Truist Financial Corp purchased a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Rating) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 19,208 shares of the aerospace company’s stock, valued at approximately $421,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in shares of Spirit AeroSystems during the 3rd quarter worth $32,000. Byrne Asset Management LLC grew its stake in shares of Spirit AeroSystems by 184.2% during the 3rd quarter. Byrne Asset Management LLC now owns 1,876 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 1,216 shares during the period. Captrust Financial Advisors boosted its position in shares of Spirit AeroSystems by 57.7% in the 2nd quarter. Captrust Financial Advisors now owns 2,169 shares of the aerospace company’s stock worth $64,000 after buying an additional 794 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Spirit AeroSystems in the 1st quarter worth about $169,000. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Spirit AeroSystems in the 1st quarter worth about $200,000. 85.82% of the stock is owned by institutional investors and hedge funds.
Spirit AeroSystems Trading Up 2.9 %
NYSE SPR opened at $33.77 on Wednesday. Spirit AeroSystems Holdings, Inc. has a 12 month low of $21.14 and a 12 month high of $53.31. The company has a 50-day moving average of $29.17 and a 200-day moving average of $28.67. The company has a debt-to-equity ratio of 15.16, a current ratio of 1.42 and a quick ratio of 0.79. The company has a market cap of $3.55 billion, a P/E ratio of -8.34, a P/E/G ratio of 8.21 and a beta of 1.64.
Analyst Ratings Changes
SPR has been the topic of several recent research reports. Truist Financial boosted their price objective on shares of Spirit AeroSystems from $39.00 to $42.00 in a research report on Monday, January 9th. Bank Of America (Bofa) lowered shares of Spirit AeroSystems to an “underperform” rating in a research report on Friday, November 11th. Robert W. Baird lowered shares of Spirit AeroSystems from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $43.00 to $29.00 in a research report on Friday, November 4th. Morgan Stanley decreased their price objective on shares of Spirit AeroSystems from $35.00 to $27.00 and set an “underweight” rating on the stock in a research report on Monday, November 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Spirit AeroSystems from $49.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, November 7th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.09.
About Spirit AeroSystems
Spirit AeroSystems Holdings, Inc engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment designs and manufactures forward, mid, and rear fuselage sections which related to floor beams, nacelles, struts and pylons, horizontal and vertical stabilizers, flaps and slats and wing structures.
- Get a free copy of the StockNews.com research report on Spirit AeroSystems (SPR)
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