Spirit Aerosystems Holdings, Inc. (NYSE:SPR) had its price target increased by investment analysts at Morgan Stanley from $66.00 to $81.00 in a research report issued on Monday. The brokerage currently has an “overweight” rating on the aerospace company’s stock. Morgan Stanley’s price target would indicate a potential upside of 13.48% from the stock’s previous close.

Several other research analysts have also recently weighed in on SPR. Credit Suisse Group reaffirmed a “buy” rating and issued a $74.00 price target on shares of Spirit Aerosystems Holdings in a report on Friday, May 5th. UBS AG raised shares of Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Tuesday, May 9th. BidaskClub raised shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Jefferies Group LLC set a $68.00 price target on shares of Spirit Aerosystems Holdings and gave the stock a “buy” rating in a report on Thursday, June 22nd. Finally, Cowen and Company reiterated a “buy” rating and issued a $69.00 target price on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $68.13.

Spirit Aerosystems Holdings (SPR) traded up 0.22% during midday trading on Monday, hitting $71.54. The company had a trading volume of 701,856 shares. The firm has a market capitalization of $8.47 billion, a P/E ratio of 25.65 and a beta of 1.36. Spirit Aerosystems Holdings has a 52 week low of $42.26 and a 52 week high of $72.26. The firm’s 50 day moving average is $58.97 and its 200-day moving average is $57.64.

Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.37. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.43%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. On average, equities research analysts expect that Spirit Aerosystems Holdings will post $5.07 EPS for the current fiscal year.

Spirit Aerosystems Holdings announced that its board has initiated a stock repurchase plan on Wednesday, August 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the aerospace company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

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In other Spirit Aerosystems Holdings news, Director Richard A. Gephardt sold 4,247 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $58.00, for a total transaction of $246,326.00. Following the completion of the sale, the director now directly owns 1,964 shares in the company, valued at $113,912. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SPR. Old Mutual Global Investors UK Ltd. raised its stake in Spirit Aerosystems Holdings by 90.7% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 195,008 shares of the aerospace company’s stock valued at $11,294,000 after buying an additional 92,750 shares during the last quarter. Breton Hill Capital Ltd. raised its stake in Spirit Aerosystems Holdings by 12.4% in the first quarter. Breton Hill Capital Ltd. now owns 17,517 shares of the aerospace company’s stock valued at $1,015,000 after buying an additional 1,932 shares during the last quarter. River Road Asset Management LLC raised its stake in Spirit Aerosystems Holdings by 8.4% in the first quarter. River Road Asset Management LLC now owns 318,720 shares of the aerospace company’s stock valued at $18,460,000 after buying an additional 24,677 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in Spirit Aerosystems Holdings by 12.0% in the first quarter. Glen Harbor Capital Management LLC now owns 73,948 shares of the aerospace company’s stock valued at $4,283,000 after buying an additional 7,896 shares during the last quarter. Finally, Northpointe Capital LLC acquired a new stake in Spirit Aerosystems Holdings during the first quarter valued at about $2,805,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

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.

Analyst Recommendations for Spirit Aerosystems Holdings (NYSE:SPR)

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