Robert D. Johnson Sells 500 Shares of Spirit AeroSystems Holdings, Inc. (SPR) Stock

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $82.90, for a total transaction of $41,450.00. Following the transaction, the director now directly owns 1,493 shares of the company’s stock, valued at approximately $123,769.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Spirit AeroSystems stock opened at $75.42 on Friday. Spirit AeroSystems Holdings, Inc. has a 52-week low of $74.97 and a 52-week high of $105.20. The firm has a market capitalization of $8.22 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 1.67.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, October 31st. The aerospace company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. Spirit AeroSystems had a net margin of 7.92% and a return on equity of 46.86%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. Research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 6.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Monday, December 17th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Friday, December 14th. Spirit AeroSystems’s payout ratio is 8.97%.

Several equities research analysts have recently issued reports on SPR shares. Bank of America raised shares of Spirit AeroSystems from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $105.00 in a research report on Thursday, November 8th. Credit Suisse Group increased their price objective on shares of Spirit AeroSystems from $102.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Wells Fargo & Co set a $105.00 price objective on shares of Spirit AeroSystems and gave the stock a “buy” rating in a research report on Thursday, November 1st. Standpoint Research raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, UBS Group started coverage on shares of Spirit AeroSystems in a research report on Wednesday, August 15th. They issued a “buy” rating and a $110.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. Spirit AeroSystems currently has a consensus rating of “Buy” and an average target price of $106.27.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in Spirit AeroSystems by 0.4% during the 2nd quarter. Victory Capital Management Inc. now owns 140,786 shares of the aerospace company’s stock valued at $12,095,000 after purchasing an additional 581 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Spirit AeroSystems by 20.1% during the 3rd quarter. Mackenzie Financial Corp now owns 3,741 shares of the aerospace company’s stock valued at $343,000 after purchasing an additional 625 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Spirit AeroSystems by 15.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,951 shares of the aerospace company’s stock valued at $453,000 after purchasing an additional 654 shares in the last quarter. US Bancorp DE grew its holdings in Spirit AeroSystems by 8.5% during the 3rd quarter. US Bancorp DE now owns 8,482 shares of the aerospace company’s stock valued at $777,000 after purchasing an additional 661 shares in the last quarter. Finally, People s United Financial Inc. grew its holdings in Spirit AeroSystems by 9.2% during the 3rd quarter. People s United Financial Inc. now owns 8,815 shares of the aerospace company’s stock valued at $808,000 after purchasing an additional 742 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

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Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and offers related spares and maintenance, repairs, and overhaul (MRO) services.

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