Entropy Technologies LP Buys 5,746 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Entropy Technologies LP lifted its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 37.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,915 shares of the aerospace company’s stock after acquiring an additional 5,746 shares during the period. Entropy Technologies LP’s holdings in Spirit AeroSystems were worth $713,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Spirit AeroSystems in the 4th quarter worth approximately $30,000. Waldron Private Wealth LLC purchased a new position in Spirit AeroSystems in the 3rd quarter worth $32,000. Quest Partners LLC bought a new stake in Spirit AeroSystems in the third quarter worth $49,000. Byrne Asset Management LLC boosted its position in Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,390 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at about $149,000. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Price Performance

Shares of NYSE SPR opened at $34.36 on Wednesday. Spirit AeroSystems Holdings, Inc. has a 1 year low of $28.30 and a 1 year high of $37.08. The stock has a market capitalization of $4.02 billion, a P/E ratio of -2.77 and a beta of 1.80. The company’s 50-day moving average is $33.70 and its 200 day moving average is $33.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in 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 Spirit AeroSystems in a research report on Wednesday. They issued 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 report on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Spirit AeroSystems presently has a consensus rating of “Hold” and a consensus target price of $36.00.

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.