Insider Selling: Spirit AeroSystems Holdings SVP Sells 10,000 Shares of Stock (SPR)
Spirit AeroSystems Holdings (NYSE:SPR) SVP H David Walker sold 10,000 shares of the stock on the open market in a transaction dated Thursday, June 5th. The stock was sold at an average price of $34.00, for a total value of $340,000.00. Following the completion of the sale, the senior vice president now directly owns 118,309 shares in the company, valued at approximately $4,022,506. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) traded up 0.36% on Monday, hitting $33.81. The stock had a trading volume of 1,297,040 shares. Spirit AeroSystems Holdings has a 1-year low of $20.55 and a 1-year high of $35.89. The stock has a 50-day moving average of $31.92 and a 200-day moving average of $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 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. On average, analysts predict that Spirit AeroSystems Holdings will post $2.90 earnings per share for the current fiscal year.
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 equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $32.30.
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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