Spirit Aerosystems Holdings, Inc. (SPR) Receives Consensus Rating of “Hold” from Brokerages
Spirit Aerosystems Holdings, Inc. (NYSE:SPR) has received an average recommendation of “Hold” from the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $62.69.
Several research firms have recently issued reports on SPR. BidaskClub raised Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Morgan Stanley reissued an “overweight” rating and issued a $66.00 price target (down previously from $67.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday, July 13th. Jefferies Group LLC set a $68.00 price target on Spirit Aerosystems Holdings and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Credit Suisse Group reissued a “buy” rating and issued a $74.00 price target on shares of Spirit Aerosystems Holdings in a research note on Friday, May 5th. Finally, UBS AG raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Tuesday, May 9th.
In related news, Director Richard A. Gephardt sold 4,247 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $58.00, for a total value of $246,326.00. Following the completion of the transaction, the director now owns 1,964 shares in the company, valued at approximately $113,912. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC raised its position in Spirit Aerosystems Holdings by 0.4% in the first quarter. Clearbridge Investments LLC now owns 8,863 shares of the aerospace company’s stock worth $513,000 after buying an additional 36 shares during the period. State of Alaska Department of Revenue raised 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 worth $192,000 after buying an additional 149 shares during the period. Nomura Asset Management Co. Ltd. raised its position in Spirit Aerosystems Holdings by 9.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after buying an additional 160 shares during the period. Allen Investment Management LLC raised its position in Spirit Aerosystems Holdings by 2.6% in the first quarter. Allen Investment Management LLC now owns 7,280 shares of the aerospace company’s stock worth $422,000 after buying an additional 183 shares during the period. Finally, New York State Teachers Retirement System raised its position in Spirit Aerosystems Holdings by 1.7% in the fourth quarter. New York State Teachers Retirement System now owns 11,700 shares of the aerospace company’s stock worth $683,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.
Shares of Spirit Aerosystems Holdings (SPR) traded up 0.15% during midday trading on Monday, hitting $60.93. 572,409 shares of the company’s stock traded hands. The company has a 50 day moving average of $58.13 and a 200 day moving average of $57.55. The stock has a market cap of $7.35 billion, a P/E ratio of 17.18 and a beta of 1.35. Spirit Aerosystems Holdings has a 52 week low of $42.26 and a 52 week high of $62.90.
Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings results on Wednesday, May 3rd. The aerospace company reported $1.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. Spirit Aerosystems Holdings had a return on equity of 28.51% and a net margin of 6.46%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the business posted $1.29 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts forecast that Spirit Aerosystems Holdings will post $4.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Monday, June 19th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.66%. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is 11.20%.
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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