Spirit Aerosystems Holdings, Inc. (SPR) to Issue Quarterly Dividend of $0.10
Spirit Aerosystems Holdings, Inc. (NYSE:SPR) declared a quarterly dividend on Tuesday, July 25th, Zacks reports. Investors of record on Monday, September 18th will be given a dividend of 0.10 per share by the aerospace company on Tuesday, October 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, September 15th.
Spirit Aerosystems Holdings has a dividend payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Spirit Aerosystems Holdings to earn $5.21 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.7%.
Spirit Aerosystems Holdings (SPR) traded down 0.20% on Wednesday, hitting $60.71. 241,967 shares of the company traded hands. The firm has a market capitalization of $7.32 billion, a PE ratio of 17.12 and a beta of 1.36. The firm’s 50 day moving average price is $58.13 and its 200 day moving average price is $57.55. Spirit Aerosystems Holdings has a 1-year low of $42.26 and a 1-year high of $62.90.
Spirit Aerosystems Holdings (NYSE:SPR) last issued its earnings results on Wednesday, May 3rd. The aerospace company reported $1.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.17. The company 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 firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. Equities research analysts predict that Spirit Aerosystems Holdings will post $4.81 EPS for the current fiscal year.
In related news, Director Richard A. Gephardt sold 4,247 shares of the business’s stock in a transaction on 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 owns 1,964 shares in the company, valued at approximately $113,912. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by insiders.
Several analysts recently issued reports on the company. UBS AG raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Tuesday, May 9th. Jefferies Group LLC reissued a “buy” rating and set a $68.00 target price on shares of Spirit Aerosystems Holdings in a research note on Tuesday. BidaskClub raised Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $66.00 price objective (down previously from $67.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday, July 13th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Spirit Aerosystems Holdings in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $62.93.
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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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