Spirit AeroSystems Holdings, Inc. (NYSE:SPR) – Investment analysts at Seaport Global Securities raised their Q2 2018 EPS estimates for Spirit AeroSystems in a research note issued on Thursday. Seaport Global Securities analyst J. Sullivan now forecasts that the aerospace company will earn $1.63 per share for the quarter, up from their previous forecast of $1.35. Seaport Global Securities has a “Buy” rating and a $120.00 price target on the stock. Seaport Global Securities also issued estimates for Spirit AeroSystems’ Q3 2018 earnings at $1.64 EPS, Q4 2018 earnings at $1.78 EPS and FY2018 earnings at $6.56 EPS.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, meeting the consensus estimate of $1.26. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted $1.16 EPS. Spirit AeroSystems’s quarterly revenue was up 2.2% on a year-over-year basis.
Spirit AeroSystems (SPR) opened at $98.61 on Monday. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $11,401.68, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. Spirit AeroSystems has a 1 year low of $51.85 and a 1 year high of $99.42.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Spirit AeroSystems by 2.4% in the second quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock valued at $363,874,000 after buying an additional 148,240 shares during the last quarter. Boston Partners increased its holdings in Spirit AeroSystems by 74.5% in the third quarter. Boston Partners now owns 4,230,462 shares of the aerospace company’s stock valued at $328,791,000 after buying an additional 1,806,228 shares during the last quarter. Prudential PLC increased its holdings in Spirit AeroSystems by 2.8% in the second quarter. Prudential PLC now owns 2,821,693 shares of the aerospace company’s stock valued at $163,489,000 after buying an additional 77,385 shares during the last quarter. State Street Corp increased its holdings in Spirit AeroSystems by 2.2% in the second quarter. State Street Corp now owns 2,083,909 shares of the aerospace company’s stock valued at $120,738,000 after buying an additional 44,802 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Spirit AeroSystems by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 924,139 shares of the aerospace company’s stock valued at $53,542,000 after buying an additional 39,300 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Duane F. Hawkins sold 5,000 shares of Spirit AeroSystems stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $83.04, for a total transaction of $415,200.00. Following the sale, the senior vice president now directly owns 39,374 shares of the company’s stock, valued at $3,269,616.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $84.13, for a total value of $42,065.00. Following the sale, the director now directly owns 1,964 shares in the company, valued at $165,231.32. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
The business also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Friday, December 15th. Spirit AeroSystems’s dividend payout ratio is presently 14.08%.
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Spirit AeroSystems 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.
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