Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) have received a consensus rating of “Hold” from the twenty analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $69.56.

Several research firms recently commented on SPR. BidaskClub upgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. UBS AG upgraded 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 research report on Tuesday, May 9th. Cowen and Company restated an “outperform” rating and set a $79.00 price target (up previously from $69.00) on shares of Spirit Aerosystems Holdings in a research report on Tuesday, August 8th. Morgan Stanley restated an “overweight” rating and set a $66.00 price target (down previously from $67.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, July 13th. Finally, Canaccord Genuity restated a “buy” rating and set a $80.00 price target (up previously from $65.00) on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 9th.

In other Spirit Aerosystems Holdings news, Director Richard A. Gephardt sold 4,247 shares of Spirit Aerosystems Holdings 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 transaction, the director now directly owns 1,964 shares of the company’s stock, valued at $113,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. M&T Bank Corp boosted its stake in shares of Spirit Aerosystems Holdings by 4.8% in the first quarter. M&T Bank Corp now owns 4,530 shares of the aerospace company’s stock worth $261,000 after buying an additional 207 shares in the last quarter. Breton Hill Capital Ltd. boosted its stake in shares of 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 worth $1,015,000 after buying an additional 1,932 shares in the last quarter. Lockheed Martin Investment Management Co. boosted its stake in shares of Spirit Aerosystems Holdings by 66.7% in the first quarter. Lockheed Martin Investment Management Co. now owns 20,000 shares of the aerospace company’s stock worth $1,158,000 after buying an additional 8,000 shares in the last quarter. KBC Group NV boosted its stake in shares of Spirit Aerosystems Holdings by 10.7% in the first quarter. KBC Group NV now owns 302,915 shares of the aerospace company’s stock worth $17,545,000 after buying an additional 29,164 shares in the last quarter. Finally, Credit Suisse AG boosted its stake in shares of Spirit Aerosystems Holdings by 33.2% in the first quarter. Credit Suisse AG now owns 339,285 shares of the aerospace company’s stock worth $19,651,000 after buying an additional 84,561 shares in the last quarter. Institutional investors and hedge funds own 99.25% of the company’s stock.

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Spirit Aerosystems Holdings (SPR) traded up 0.17% on Friday, hitting $70.15. 840,032 shares of the company were exchanged. The company has a market capitalization of $8.30 billion, a P/E ratio of 25.19 and a beta of 1.36. The firm’s 50 day moving average is $63.50 and its 200 day moving average is $58.73. Spirit Aerosystems Holdings has a 52 week low of $42.26 and a 52 week high of $73.86.

Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.37. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $1.21 earnings per share. On average, equities research analysts forecast that Spirit Aerosystems Holdings will post $5.16 earnings per share for the current fiscal year.

Spirit Aerosystems Holdings declared that its Board of Directors has approved a share repurchase program on Wednesday, August 2nd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the aerospace company to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, September 15th. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.60%.

About Spirit Aerosystems Holdings

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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