SunTrust Banks reiterated their hold rating on shares of Spirit AeroSystems (NYSE:SPR) in a research note published on Tuesday, January 9th. The brokerage currently has a $93.00 price target on the aerospace company’s stock. SunTrust Banks also issued estimates for Spirit AeroSystems’ FY2018 earnings at $6.02 EPS and FY2019 earnings at $6.17 EPS.
Several other equities analysts have also recently issued reports on the stock. 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 restated a buy rating and set a $86.00 target price on shares of Spirit AeroSystems in a research note on Friday, November 17th. Royal Bank of Canada set a $77.00 target price on shares of Spirit AeroSystems and gave the company a sell rating in a research note on Sunday, November 12th. Berenberg Bank began coverage on shares of Spirit AeroSystems in a research note on Tuesday, November 7th. They set a buy rating and a $100.00 target price on the stock. Finally, Zacks Investment Research cut shares of Spirit AeroSystems from a buy rating to a hold rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $94.28.
Shares of Spirit AeroSystems (NYSE SPR) traded down $9.06 during mid-day trading on Tuesday, reaching $93.87. 2,700,000 shares of the company traded hands, compared to its average volume of 889,862. Spirit AeroSystems has a one year low of $51.85 and a one year high of $105.20. The stock has a market cap of $10,850.00, a P/E ratio of 33.05, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Friday, February 2nd. The aerospace company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.11. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the firm posted $0.89 EPS. Spirit AeroSystems’s revenue for the quarter was up 9.2% on a year-over-year basis. analysts anticipate that Spirit AeroSystems will post 5.22 EPS for the current year.
The firm 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 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, March 16th. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 14.08%.
In other news, SVP Duane F. Hawkins sold 5,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $83.04, for a total value of $415,200.00. Following the transaction, the senior vice president now owns 39,374 shares in the company, valued at approximately $3,269,616.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 1,964 shares in the company, valued at approximately $165,231.32. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPR. Strs Ohio bought a new stake in Spirit AeroSystems during the 4th quarter worth approximately $130,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Spirit AeroSystems during the 4th quarter worth approximately $166,000. Raymond James Trust N.A. bought a new stake in Spirit AeroSystems during the 2nd quarter worth approximately $200,000. Nine Chapters Capital Management LLC bought a new stake in Spirit AeroSystems during the 3rd quarter worth approximately $218,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Spirit AeroSystems during the 3rd quarter worth approximately $227,000. Institutional investors own 96.47% of the company’s stock.
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Spirit AeroSystems Company Profile
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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