Spirit AeroSystems Holdings, Inc. (NYSE:SPR) was the recipient of some unusual options trading activity on Monday. Investors bought 1,901 call options on the company. This is an increase of 980% compared to the average volume of 176 call options.
In other Spirit AeroSystems news, SVP Stacy Cozad sold 1,100 shares of Spirit AeroSystems stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $91.47, for a total value of $100,617.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William Edward Brown sold 5,500 shares of Spirit AeroSystems stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $92.36, for a total transaction of $507,980.00. Following the completion of the sale, the senior vice president now owns 21,664 shares of the company’s stock, valued at $2,000,887.04. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. raised its stake in Spirit AeroSystems by 67.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 554,578 shares of the aerospace company’s stock valued at $43,102,000 after purchasing an additional 223,413 shares during the last quarter. Lockheed Martin Investment Management Co. raised its stake in Spirit AeroSystems by 30.0% during the 3rd quarter. Lockheed Martin Investment Management Co. now owns 26,000 shares of the aerospace company’s stock valued at $2,021,000 after purchasing an additional 6,000 shares during the last quarter. Caxton Associates LP acquired a new position in Spirit AeroSystems during the 3rd quarter valued at $420,000. Schwab Charles Investment Management Inc. raised its stake in Spirit AeroSystems by 2.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 405,486 shares of the aerospace company’s stock valued at $31,515,000 after purchasing an additional 9,822 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Spirit AeroSystems by 42.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 405,366 shares of the aerospace company’s stock valued at $31,505,000 after purchasing an additional 121,294 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.
A number of analysts have issued reports on SPR shares. Wells Fargo & Co upgraded shares of Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Cowen reiterated a “buy” rating and issued a $110.00 target price on shares of Spirit AeroSystems in a research note on Monday, January 22nd. ValuEngine cut shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Canaccord Genuity reiterated a “buy” rating and issued a $86.00 target price on shares of Spirit AeroSystems in a research note on Friday, November 17th. Finally, Morgan Stanley lifted their target price on shares of Spirit AeroSystems from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. Spirit AeroSystems currently has a consensus rating of “Buy” and a consensus price target of $97.11.
Shares of Spirit AeroSystems (SPR) opened at $91.02 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.64 and a quick ratio of 0.74. Spirit AeroSystems has a one year low of $51.85 and a one year high of $105.20. The firm has a market cap of $10,420.00, a price-to-earnings ratio of 27.83, a PEG ratio of 1.31 and a beta of 1.45.
Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.10. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the company earned $0.89 earnings per share. Spirit AeroSystems’s revenue for the quarter was up 9.2% on a year-over-year basis. research analysts anticipate that Spirit AeroSystems will post 6.42 EPS for the current fiscal year.
Spirit AeroSystems announced that its Board of Directors has authorized a share buyback program on Friday, February 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, March 16th. Spirit AeroSystems’s payout ratio is 12.23%.
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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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