Insider Selling: Robert D. Johnson Sells 1,500 Shares of Spirit AeroSystems Holdings Stock (SPR)
Spirit AeroSystems Holdings (NYSE:SPR) Director Robert D. Johnson sold 1,500 shares of the stock on the open market in a transaction dated Thursday, June 5th. The stock was sold at an average price of $33.65, for a total transaction of $50,475.00. Following the sale, the director now directly owns 20,858 shares of the company’s stock, valued at approximately $701,872. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on SPR. Analysts at Citigroup Inc. raised their price target on shares of Spirit AeroSystems Holdings from $32.00 to $40.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Cowen and Company upgraded shares of Spirit AeroSystems Holdings from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $40.00 price target on the stock, up previously from $32.00. Finally, analysts at Wolfe Research initiated coverage on shares of Spirit AeroSystems Holdings in a research note on Tuesday, May 13th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $32.30.
Spirit AeroSystems Holdings (NYSE:SPR) traded up 0.36% during mid-day trading on Monday, hitting $33.81. 1,297,040 shares of the company’s stock traded hands. Spirit AeroSystems Holdings has a 52-week low of $20.55 and a 52-week high of $35.89. The stock’s 50-day moving average is $31.92 and its 200-day moving average is $31.08. The company’s market cap is $4.893 billion.
Spirit AeroSystems Holdings (NYSE:SPR) last released its earnings data on Friday, May 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.43. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. Analysts expect that Spirit AeroSystems Holdings will post $2.90 EPS for the current fiscal year.
Spirit AeroSystems Holdings, Inc (NYSE:SPR) is an independent non- original equipment manufacturer (OEM) aircraft parts designers and manufacturers of commercial aerostructures.
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