Spirit AeroSystems Holdings, Inc. (SPR) Director Robert D. Johnson Sells 500 Shares

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Robert D. Johnson sold 500 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $54.62, for a total transaction of $27,310.00. Following the transaction, the director now owns 1,964 shares in the company, valued at $107,273.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded up $1.40 during trading hours on Wednesday, reaching $83.64. 1,058,624 shares of the company traded hands, compared to its average volume of 1,031,973. The company has a market capitalization of $9,712.42, a PE ratio of 17.18, a P/E/G ratio of 1.49 and a beta of 1.16. Spirit AeroSystems Holdings, Inc. has a twelve month low of $51.85 and a twelve month high of $84.96. The company has a current ratio of 1.56, a quick ratio of 0.85 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 for the quarter, meeting the consensus estimate of $1.26. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 earnings per share. analysts predict that Spirit AeroSystems Holdings, Inc. will post 5.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Monday, December 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Friday, December 15th. Spirit AeroSystems’s dividend payout ratio is currently 14.08%.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. ValuEngine cut shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Citigroup restated a “buy” rating and issued a $91.00 target price (up previously from $85.00) on shares of Spirit AeroSystems in a report on Monday, October 9th. Berenberg Bank began coverage on shares of Spirit AeroSystems in a report on Tuesday, November 7th. They issued a “buy” rating and a $100.00 target price on the stock. Finally, Robert W. Baird restated a “buy” rating and issued a $86.00 target price on shares of Spirit AeroSystems in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $80.95.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Spirit AeroSystems by 2.4% during 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 period. Boston Partners lifted its position in Spirit AeroSystems by 74.5% during 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 period. LSV Asset Management lifted its position in Spirit AeroSystems by 9.8% during the second quarter. LSV Asset Management now owns 3,468,615 shares of the aerospace company’s stock valued at $200,971,000 after buying an additional 308,900 shares during the period. Prudential PLC lifted its position in Spirit AeroSystems by 2.8% during 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 period. Finally, UBS Asset Management Americas Inc. lifted its position in Spirit AeroSystems by 1,425.0% during the second quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock valued at $130,691,000 after buying an additional 2,107,710 shares during the period. 96.21% of the stock is owned by institutional investors and hedge funds.

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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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