Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $54.62, for a total transaction of $27,310.00. Following the completion of the transaction, the director now directly owns 1,964 shares in the company, valued at $107,273.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Spirit AeroSystems Holdings, Inc. (SPR) traded down $1.76 during trading on Tuesday, reaching $82.24. 999,665 shares of the company’s stock traded hands, compared to its average volume of 1,031,859. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. The firm has a market capitalization of $9,593.32, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16. Spirit AeroSystems Holdings, Inc. has a 52-week low of $51.85 and a 52-week high of $84.96.
Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share. equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Nine Chapters Capital Management LLC bought a new stake in Spirit AeroSystems during the third quarter valued at about $218,000. Quantitative Systematic Strategies LLC bought a new stake in Spirit AeroSystems during the third quarter valued at about $227,000. Commonwealth Equity Services Inc bought a new stake in Spirit AeroSystems during the third quarter valued at about $228,000. Invictus RG boosted its holdings in Spirit AeroSystems by 54.5% during the third quarter. Invictus RG now owns 3,300 shares of the aerospace company’s stock valued at $256,000 after acquiring an additional 1,164 shares during the period. Finally, Raymond James Trust N.A. bought a new stake in Spirit AeroSystems during the second quarter valued at about $200,000. 96.21% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine downgraded shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Citigroup reaffirmed a “buy” rating and issued a $91.00 price target (up from $85.00) on shares of Spirit AeroSystems in a research note on Monday, October 9th. Berenberg Bank assumed coverage on shares of Spirit AeroSystems in a research note on Tuesday, November 7th. They issued a “buy” rating and a $100.00 price target on the stock. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $86.00 price target on shares of Spirit AeroSystems in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. Spirit AeroSystems has an average rating of “Hold” and a consensus target price of $79.95.
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About Spirit AeroSystems
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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