Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have received an average recommendation of “Buy” from the twenty-two analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $84.11.

A number of research firms recently issued reports on SPR. Zacks Investment Research raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Wednesday, January 10th. SunTrust Banks reissued a “hold” rating and issued a $93.00 price target on shares of Spirit AeroSystems in a research note on Tuesday, January 9th. Berenberg Bank began 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. ValuEngine cut shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $86.00 price target on shares of Spirit AeroSystems in a research note on Friday, November 17th.

Spirit AeroSystems (NYSE:SPR) traded up $2.40 during trading on Monday, reaching $96.55. 812,200 shares of the company were exchanged, compared to its average volume of 871,744. Spirit AeroSystems has a 1 year low of $51.85 and a 1 year high of $96.70. The firm has a market cap of $11,160.00, a PE ratio of 34.00, a P/E/G ratio of 1.58 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. sell-side analysts predict that Spirit AeroSystems will post 5.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Monday, December 18th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.41%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 14.08%.

In other news, SVP Duane F. Hawkins sold 5,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $83.04, for a total transaction of $415,200.00. Following the transaction, the senior vice president now owns 39,374 shares of the company’s stock, valued at approximately $3,269,616.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $84.13, for a total transaction of $42,065.00. Following the transaction, the director now directly owns 1,964 shares in the company, valued at approximately $165,231.32. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC boosted its position in shares of Spirit AeroSystems by 839.5% during the 3rd quarter. Fisher Asset Management LLC now owns 138,680 shares of the aerospace company’s stock valued at $10,778,000 after acquiring an additional 123,919 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Spirit AeroSystems during the 2nd quarter valued at about $524,000. Lockheed Martin Investment Management Co. boosted its position in shares of Spirit AeroSystems by 30.0% during the 3rd quarter. Lockheed Martin Investment Management Co. now owns 26,000 shares of the aerospace company’s stock valued at $2,021,000 after acquiring an additional 6,000 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Spirit AeroSystems by 67.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 554,578 shares of the aerospace company’s stock valued at $43,102,000 after acquiring an additional 223,413 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in shares of Spirit AeroSystems during the 3rd quarter valued at about $420,000. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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