Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – Analysts at SunTrust Banks raised their FY2018 earnings per share estimates for shares of Spirit AeroSystems in a research note issued to investors on Monday, according to Zacks Investment Research. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will post earnings per share of $6.02 for the year, up from their prior forecast of $5.26. SunTrust Banks currently has a “Hold” rating and a $93.00 price target on the stock. SunTrust Banks also issued estimates for Spirit AeroSystems’ FY2019 earnings at $6.17 EPS.
Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Friday, February 2nd. The aerospace company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.11. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS.
A number of other brokerages have also commented on SPR. ValuEngine raised Spirit AeroSystems from a “hold” rating to a “buy” rating in a report on Friday. Robert W. Baird reissued a “buy” rating and set a $129.00 price objective on shares of Spirit AeroSystems in a report on Monday, January 29th. Canaccord Genuity restated a “buy” rating and issued a $115.00 target price on shares of Spirit AeroSystems in a research note on Monday, January 29th. Royal Bank of Canada set a $100.00 target price on Spirit AeroSystems and gave the stock a “sell” rating in a research note on Tuesday, January 23rd. Finally, Seaport Global Securities restated a “buy” rating and issued a $120.00 target price on shares of Spirit AeroSystems in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $94.28.
Shares of Spirit AeroSystems (NYSE:SPR) opened at $93.87 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.56. The company has a market capitalization 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. Spirit AeroSystems has a twelve month low of $51.85 and a twelve month high of $105.20.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Monday, March 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.40 annualized dividend and a yield of 0.43%. Spirit AeroSystems’s payout ratio is 14.08%.
In related news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $84.13, for a total value of $42,065.00. Following the transaction, the director now owns 1,964 shares in the company, valued at $165,231.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Duane F. Hawkins sold 5,000 shares of the company’s 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 completion of the transaction, the senior vice president now owns 39,374 shares in the company, valued at approximately $3,269,616.96. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Spirit AeroSystems by 2.4% in the second quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock valued at $363,874,000 after purchasing an additional 148,240 shares during the last quarter. LSV Asset Management raised its holdings in Spirit AeroSystems by 19.5% during the 4th quarter. LSV Asset Management now owns 5,080,842 shares of the aerospace company’s stock valued at $443,303,000 after acquiring an additional 827,943 shares during the period. Boston Partners raised its holdings in Spirit AeroSystems by 74.5% during the 3rd quarter. Boston Partners now owns 4,230,462 shares of the aerospace company’s stock valued at $328,791,000 after acquiring an additional 1,806,228 shares during the period. Prudential PLC raised its holdings in Spirit AeroSystems by 2.8% during the 2nd quarter. Prudential PLC now owns 2,821,693 shares of the aerospace company’s stock valued at $163,489,000 after acquiring an additional 77,385 shares during the period. Finally, UBS Asset Management Americas Inc. raised its holdings in Spirit AeroSystems by 1,425.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock valued at $130,691,000 after acquiring an additional 2,107,710 shares during the period. Institutional investors and hedge funds 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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