Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have received an average recommendation of “Buy” from the twenty-two ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $81.28.
A number of analysts have commented on the company. Zacks Investment Research lowered Spirit AeroSystems from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine lowered Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Citigroup reissued a “buy” rating and issued a $91.00 target price (up previously from $85.00) on shares of Spirit AeroSystems in a report on Monday, October 9th. Berenberg Bank assumed coverage on Spirit AeroSystems in a report on Tuesday, November 7th. They issued a “buy” rating and a $100.00 target price for the company. Finally, Robert W. Baird reissued a “buy” rating and issued a $86.00 target price on shares of Spirit AeroSystems in a report on Friday, September 8th.
In related news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction on Friday, December 1st. The stock was sold at an average price of $84.13, for a total transaction of $42,065.00. Following the transaction, the director now directly owns 1,964 shares in the company, valued at $165,231.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Duane F. Hawkins sold 5,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $83.04, for a total value of $415,200.00. Following the completion of the transaction, the senior vice president now owns 39,374 shares in the company, valued at $3,269,616.96. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Raymond James Trust N.A. bought a new stake in shares of Spirit AeroSystems in the second quarter worth about $200,000. Nine Chapters Capital Management LLC bought a new stake in shares of Spirit AeroSystems in the third quarter worth about $218,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Spirit AeroSystems in the third quarter worth about $227,000. Hillsdale Investment Management Inc. increased its holdings in shares of Spirit AeroSystems by 23.2% in the second quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 740 shares during the last quarter. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Spirit AeroSystems in the third quarter worth about $228,000. Institutional investors and hedge funds own 96.12% of the company’s stock.
Spirit AeroSystems (SPR) traded up $0.36 during mid-day trading on Thursday, reaching $85.74. The company had a trading volume of 670,100 shares, compared to its average volume of 1,023,954. Spirit AeroSystems has a one year low of $51.85 and a one year high of $85.98. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The company has a market cap of $9,871.98, a price-to-earnings ratio of 17.46, a PEG ratio of 1.51 and a beta of 1.16.
Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.26. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. equities research analysts predict that Spirit AeroSystems will post 5.22 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.47%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 14.08%.
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About Spirit AeroSystems
Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.
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