Spirit AeroSystems (NYSE:SPR)‘s stock had its “buy” rating reissued by investment analysts at Robert W. Baird in a note issued to investors on Monday. They currently have a $129.00 target price on the aerospace company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 27.21% from the company’s current price.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Wednesday, January 10th. ValuEngine lowered Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Canaccord Genuity reissued a “buy” rating and issued a $86.00 price objective on shares of Spirit AeroSystems in a research report on Tuesday, October 31st. Royal Bank of Canada set a $77.00 price objective on Spirit AeroSystems and gave the company a “sell” rating in a research report on Sunday, November 12th. Finally, Credit Suisse Group raised their price objective on Spirit AeroSystems from $88.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $92.67.
Spirit AeroSystems (NYSE:SPR) opened at $101.41 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. Spirit AeroSystems has a 52-week low of $51.85 and a 52-week high of $101.53. The company has a market capitalization of $11,725.43, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.
In other news, 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 transaction of $42,065.00. Following the sale, the director now directly owns 1,964 shares of the company’s stock, valued at $165,231.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $415,200.00. Following the sale, the senior vice president now directly owns 39,374 shares in the company, valued at $3,269,616.96. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Cigna Investments Inc. New bought a new stake in Spirit AeroSystems in the fourth quarter valued at about $399,000. Robeco Institutional Asset Management B.V. increased its holdings in Spirit AeroSystems by 102.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 90,322 shares of the aerospace company’s stock valued at $7,885,000 after buying an additional 45,795 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new stake in Spirit AeroSystems in the fourth quarter valued at about $649,000. APG Asset Management N.V. increased its holdings in Spirit AeroSystems by 167.3% in the fourth quarter. APG Asset Management N.V. now owns 454,400 shares of the aerospace company’s stock valued at $33,017,000 after buying an additional 284,400 shares during the last quarter. Finally, First American Bank bought a new stake in Spirit AeroSystems in the fourth quarter valued at about $1,345,000. 96.47% of the stock is 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.
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