Spirit Aerosystems Holdings, Inc. (SPR) Receives $76.17 Consensus Target Price from Brokerages

Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) have been assigned an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $78.00.

SPR has been the subject of several analyst reports. ValuEngine upgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Wednesday, October 11th. UBS Group AG (USA) reiterated a “buy” rating and issued a $81.00 price objective (up previously from $63.00) on shares of Spirit Aerosystems Holdings in a research note on Monday, August 21st. Royal Bank Of Canada set a $69.00 price objective on shares of Spirit Aerosystems Holdings and gave the stock a “sell” rating in a research note on Sunday, September 10th. Finally, Jefferies Group LLC lifted their price objective on shares of Spirit Aerosystems Holdings from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 28th.

Shares of Spirit Aerosystems Holdings (NYSE SPR) traded down $0.22 during mid-day trading on Wednesday, hitting $82.40. 1,370,000 shares of the stock traded hands, compared to its average volume of 896,723. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 0.89. The company has a market capitalization of $9,750.00, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. Spirit Aerosystems Holdings has a 52 week low of $51.85 and a 52 week high of $83.13.

Spirit Aerosystems Holdings (NYSE:SPR) last issued its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, hitting the consensus estimate of $1.26. Spirit Aerosystems Holdings had a net margin of 4.98% and a return on equity of 30.53%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company earned $1.16 EPS. The business’s revenue was up 2.2% on a year-over-year basis. sell-side analysts predict that Spirit Aerosystems Holdings will post 5.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, December 15th. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.04%.

Spirit Aerosystems Holdings announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, SVP John A. Pilla sold 10,088 shares of Spirit Aerosystems Holdings stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total transaction of $752,564.80. Following the sale, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at approximately $6,957,046.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles L. Chadwell sold 6,600 shares of Spirit Aerosystems Holdings stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the sale, the director now directly owns 23,828 shares in the company, valued at $1,822,603.72. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. grew its holdings in Spirit Aerosystems Holdings by 9.5% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after acquiring an additional 160 shares during the last quarter. Raymond James Trust N.A. bought a new stake in Spirit Aerosystems Holdings during the 2nd quarter worth approximately $200,000. State of Alaska Department of Revenue grew its holdings in Spirit Aerosystems Holdings by 6.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock worth $205,000 after acquiring an additional 222 shares during the last quarter. Parametrica Management Ltd bought a new stake in Spirit Aerosystems Holdings during the 2nd quarter worth approximately $217,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Spirit Aerosystems Holdings during the 3rd quarter worth approximately $218,000. 98.96% of the stock is currently owned by institutional investors.

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About Spirit Aerosystems Holdings

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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