Shares of Spirit AeroSystems (NYSE:SPR) have received a consensus recommendation of “Buy” from the twenty-one brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $99.94.
A number of analysts recently commented on SPR shares. Vertical Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Monday, March 19th. Jefferies Group restated a “buy” rating and set a $112.00 price target on shares of Spirit AeroSystems in a research note on Monday, February 5th. Cowen restated a “buy” rating and set a $110.00 price target on shares of Spirit AeroSystems in a research note on Monday, February 5th. ValuEngine upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Canaccord Genuity restated a “buy” rating and set a $115.00 price target on shares of Spirit AeroSystems in a research note on Monday, January 29th.
Shares of SPR stock traded down $0.10 during trading on Wednesday, reaching $78.87. 469,019 shares of the company’s stock traded hands, compared to its average volume of 1,087,813. The stock has a market capitalization of $9,225.52, a P/E ratio of 14.73, a PEG ratio of 1.16 and a beta of 1.48. The company has a current ratio of 1.64, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. Spirit AeroSystems has a 1 year low of $51.85 and a 1 year high of $105.20.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Friday, February 2nd. The aerospace company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.10. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. Spirit AeroSystems’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. equities analysts predict that Spirit AeroSystems will post 6.41 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 9th. Investors of record on Monday, March 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, March 16th. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 7.48%.
Spirit AeroSystems announced that its board has authorized a share buyback program on Friday, February 2nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
In other news, SVP William Edward Brown sold 5,500 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $92.36, for a total value of $507,980.00. Following the transaction, the senior vice president now owns 21,664 shares of the company’s stock, valued at approximately $2,000,887.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Stacy Cozad sold 1,100 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $91.47, for a total transaction of $100,617.00. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.
Large investors have recently modified their holdings of the company. Strs Ohio bought a new position in shares of Spirit AeroSystems in the 4th quarter worth $130,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Spirit AeroSystems in the 4th quarter worth $166,000. Guggenheim Capital LLC bought a new position in shares of Spirit AeroSystems in the 4th quarter worth $207,000. LS Investment Advisors LLC bought a new position in shares of Spirit AeroSystems in the 4th quarter worth $208,000. Finally, American International Group Inc. bought a new position in shares of Spirit AeroSystems in the 4th quarter worth $211,000. 97.55% of the stock is currently owned by hedge funds and other institutional investors.
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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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