Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have been assigned an average rating of “Buy” from the fifteen research firms that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $102.19.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Monday, January 21st. Sanford C. Bernstein restated an “outperform” rating and set a $112.00 price objective (up from $102.00) on shares of Spirit AeroSystems in a report on Friday, February 8th. Canaccord Genuity restated a “buy” rating and set a $95.00 price objective (down from $100.00) on shares of Spirit AeroSystems in a report on Monday, December 17th. ValuEngine upgraded Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Cowen downgraded Spirit AeroSystems from an “outperform” rating to a “market perform” rating and set a $92.49 price objective on the stock. in a report on Wednesday, April 3rd.
Shares of NYSE SPR traded down $1.04 during midday trading on Wednesday, hitting $86.51. The company’s stock had a trading volume of 11,242 shares, compared to its average volume of 1,288,683. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.16 and a current ratio of 1.80. Spirit AeroSystems has a 12-month low of $64.48 and a 12-month high of $100.34. The company has a market cap of $9.23 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.47 and a beta of 1.44.
Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Friday, February 1st. The aerospace company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. Spirit AeroSystems had a return on equity of 55.88% and a net margin of 8.54%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $1.32 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts predict that Spirit AeroSystems will post 7.49 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 8th. Stockholders of record on Monday, March 18th were issued a $0.12 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. Spirit AeroSystems’s dividend payout ratio is presently 7.67%.
In other news, Director Paul E. Fulchino sold 15,000 shares of Spirit AeroSystems stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $92.49, for a total value of $1,387,350.00. Following the transaction, the director now directly owns 47,234 shares in the company, valued at approximately $4,368,672.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Stacy Cozad sold 3,200 shares of Spirit AeroSystems stock in a transaction on Friday, February 8th. The shares were sold at an average price of $93.39, for a total value of $298,848.00. Following the completion of the transaction, the senior vice president now owns 21,036 shares in the company, valued at $1,964,552.04. The disclosure for this sale can be found here. Insiders sold a total of 53,700 shares of company stock worth $5,032,198 over the last quarter. Company insiders own 0.84% of the company’s stock.
Several large investors have recently made changes to their positions in SPR. Great West Life Assurance Co. Can boosted its position in shares of Spirit AeroSystems by 0.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 29,127 shares of the aerospace company’s stock worth $2,002,000 after purchasing an additional 129 shares in the last quarter. Creative Planning boosted its position in shares of Spirit AeroSystems by 4.6% in the 4th quarter. Creative Planning now owns 4,349 shares of the aerospace company’s stock worth $313,000 after purchasing an additional 190 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Spirit AeroSystems by 66.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 200 shares in the last quarter. BMT Investment Advisors boosted its position in shares of Spirit AeroSystems by 0.9% in the 1st quarter. BMT Investment Advisors now owns 23,527 shares of the aerospace company’s stock worth $2,153,000 after purchasing an additional 204 shares in the last quarter. Finally, SignalPoint Asset Management LLC boosted its position in shares of Spirit AeroSystems by 3.6% in the 4th quarter. SignalPoint Asset Management LLC now owns 7,896 shares of the aerospace company’s stock worth $569,000 after purchasing an additional 274 shares in the last quarter. Institutional investors and hedge funds own 95.60% of the company’s stock.
Spirit AeroSystems Company Profile
Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.
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