Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Director Charles L. Chadwell sold 6,600 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total value of $504,834.00. Following the completion of the sale, the director now directly owns 23,828 shares of the company’s stock, valued at $1,822,603.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Spirit Aerosystems Holdings, Inc. (NYSE:SPR) traded up 1.02% on Friday, hitting $77.12. The stock had a trading volume of 1,424,852 shares. The firm has a 50-day moving average of $70.86 and a 200 day moving average of $60.86. Spirit Aerosystems Holdings, Inc. has a 52 week low of $42.26 and a 52 week high of $77.17. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 27.69 and a beta of 1.31.

Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.37. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. Spirit Aerosystems Holdings’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Spirit Aerosystems Holdings, Inc. will post $5.22 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, September 15th. Spirit Aerosystems Holdings’s dividend payout ratio is presently 14.60%.

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A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Spirit Aerosystems Holdings by 5.6% during the first quarter. Vanguard Group Inc. now owns 11,549,361 shares of the aerospace company’s stock valued at $668,939,000 after purchasing an additional 616,129 shares during the period. BlackRock Inc. grew its holdings in Spirit Aerosystems Holdings by 2.4% during the second quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock valued at $363,874,000 after purchasing an additional 148,240 shares during the period. Goldman Sachs Group Inc. grew its holdings in Spirit Aerosystems Holdings by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,008,637 shares of the aerospace company’s stock valued at $290,100,000 after purchasing an additional 305,946 shares during the period. AQR Capital Management LLC grew its holdings in Spirit Aerosystems Holdings by 12.7% during the first quarter. AQR Capital Management LLC now owns 3,883,585 shares of the aerospace company’s stock valued at $224,937,000 after purchasing an additional 436,784 shares during the period. Finally, LSV Asset Management grew its holdings in Spirit Aerosystems Holdings by 9.8% during the second quarter. LSV Asset Management now owns 3,468,615 shares of the aerospace company’s stock valued at $200,971,000 after purchasing an additional 308,900 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

SPR has been the subject of several research analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $69.00 target price on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $80.00 target price (up from $74.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, August 3rd. ValuEngine raised Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub lowered Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $86.00 target price on shares of Spirit Aerosystems Holdings in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $72.94.

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.

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