Spirit Aerosystems Holdings, Inc. (SPR) Lifted to Strong-Buy at BidaskClub
Spirit Aerosystems Holdings, Inc. (NYSE:SPR) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.
Several other equities research analysts also recently issued reports on SPR. Standpoint Research downgraded Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Barclays PLC boosted their price objective on Spirit Aerosystems Holdings from $62.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, March 20th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $74.00 price objective on shares of Spirit Aerosystems Holdings in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Spirit Aerosystems Holdings has a consensus rating of “Hold” and an average target price of $62.08.
Spirit Aerosystems Holdings (NYSE:SPR) last posted its quarterly earnings data on Wednesday, May 3rd. The aerospace company reported $1.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.67 billion. Spirit Aerosystems Holdings had a return on equity of 28.51% and a net margin of 6.46%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Monday, June 19th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.70%. Spirit Aerosystems Holdings’s dividend payout ratio is currently 11.20%.
In other news, Director Richard A. Gephardt sold 4,247 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $58.00, for a total transaction of $246,326.00. Following the completion of the transaction, the director now directly owns 1,964 shares of the company’s stock, valued at approximately $113,912. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in Spirit Aerosystems Holdings during the fourth quarter valued at about $133,000. Focused Wealth Management Inc boosted its position in Spirit Aerosystems Holdings by 68.8% in the first quarter. Focused Wealth Management Inc now owns 2,700 shares of the aerospace company’s stock valued at $156,000 after buying an additional 1,100 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Spirit Aerosystems Holdings by 11.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,604 shares of the aerospace company’s stock valued at $183,000 after buying an additional 356 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Spirit Aerosystems Holdings by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 3,317 shares of the aerospace company’s stock valued at $192,000 after buying an additional 149 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new position in Spirit Aerosystems Holdings during the fourth quarter valued at about $210,000. 99.48% of the stock is owned by institutional investors and hedge funds.
Spirit Aerosystems Holdings 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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