10,749 Shares in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Purchased by Empowered Funds LLC

Empowered Funds LLC acquired a new position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,749 shares of the aerospace company’s stock, valued at approximately $366,000.

Several other hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Spirit AeroSystems in the fourth quarter valued at approximately $30,000. Waldron Private Wealth LLC bought a new position in shares of Spirit AeroSystems in the 3rd quarter valued at $32,000. Quest Partners LLC acquired a new position in shares of Spirit AeroSystems during the 3rd quarter worth $49,000. Byrne Asset Management LLC lifted its position in shares of Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after buying an additional 1,390 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in Spirit AeroSystems in the fourth quarter valued at about $149,000. 93.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. StockNews.com began coverage on shares of Spirit AeroSystems in a research report on Thursday. They set a “sell” rating for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. One investment 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.00.

Spirit AeroSystems Trading Up 0.5 %

Shares of Spirit AeroSystems stock opened at $34.43 on Friday. The company has a market cap of $4.03 billion, a P/E ratio of -2.77 and a beta of 1.80. The business has a 50-day moving average price of $33.98 and a two-hundred day moving average price of $33.24. Spirit AeroSystems Holdings, Inc. has a 1-year low of $28.30 and a 1-year high of $37.08.

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.