Spirit Aerosystems Holdings, Inc. (NYSE:SPR)‘s stock had its “in-line” rating reaffirmed by Sanford C. Bernstein in a research note issued to investors on Thursday, The Fly reports. They presently have a $98.00 price target on the aerospace company’s stock, up from their previous price target of $87.00. Sanford C. Bernstein’s price objective would indicate a potential upside of 22.35% from the company’s previous close.

Other research analysts have also issued research reports about the company. BidaskClub upgraded Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Canaccord Genuity boosted their price objective on Spirit Aerosystems Holdings from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Seaport Global Securities upgraded Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $83.00 in a research report on Thursday, August 3rd. Cowen and Company restated a “buy” rating and set a $69.00 price objective on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC restated a “buy” rating and set a $68.00 price objective on shares of Spirit Aerosystems Holdings in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $77.70.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.26. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned $1.16 EPS. Spirit Aerosystems Holdings’s revenue for the quarter was up 2.2% compared to the same quarter last year.

Spirit Aerosystems Holdings announced that its board has initiated a stock repurchase program 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 stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: “Spirit Aerosystems Holdings, Inc. (SPR) Earns “In-Line” Rating from Sanford C. Bernstein” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/11/02/spirit-aerosystems-holdings-inc-spr-earns-in-line-rating-from-sanford-c-bernstein.html.

In other news, Director Charles L. Chadwell sold 6,600 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $76.49, for a total transaction of $504,834.00. Following the completion of the sale, the director now owns 23,828 shares in the company, valued at approximately $1,822,603.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP John A. Pilla sold 10,088 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total value of $752,564.80. Following the transaction, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Spirit Aerosystems Holdings by 2.4% during the 2nd quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock worth $363,874,000 after purchasing an additional 148,240 shares during the last quarter. LSV Asset Management lifted its position in shares of Spirit Aerosystems Holdings by 9.8% during the 2nd quarter. LSV Asset Management now owns 3,468,615 shares of the aerospace company’s stock worth $200,971,000 after purchasing an additional 308,900 shares during the last quarter. Prudential PLC lifted its position in shares of Spirit Aerosystems Holdings by 2.8% during the 2nd quarter. Prudential PLC now owns 2,821,693 shares of the aerospace company’s stock worth $163,489,000 after purchasing an additional 77,385 shares during the last quarter. Boston Partners acquired a new position in shares of Spirit Aerosystems Holdings during the 2nd quarter worth about $140,460,000. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Spirit Aerosystems Holdings by 1,425.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock worth $130,691,000 after purchasing an additional 2,107,710 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

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.

The Fly

Analyst Recommendations for Spirit Aerosystems Holdings (NYSE:SPR)

Receive News & Ratings for Spirit Aerosystems Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Aerosystems Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.