Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been assigned a consensus rating of “Buy” from the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $81.28.
A number of equities analysts recently commented on SPR shares. Zacks Investment Research downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine raised shares of Spirit AeroSystems from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Royal Bank of Canada set a $69.00 price target on shares of Spirit AeroSystems and gave the company a “sell” rating in a research report on Sunday, September 10th. Jefferies Group boosted their price target on shares of Spirit AeroSystems from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 28th. Finally, Citigroup reissued a “buy” rating and issued a $85.00 price target on shares of Spirit AeroSystems in a research report on Tuesday, September 26th.
Shares of Spirit AeroSystems (NYSE:SPR) traded up $0.35 during mid-day trading on Thursday, hitting $86.72. 593,239 shares of the company were exchanged, compared to its average volume of 1,100,000. 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 $10,030.00, a P/E ratio of 30.54, a P/E/G ratio of 1.53 and a beta of 1.16. Spirit AeroSystems has a 12-month low of $51.85 and a 12-month high of $86.77.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Spirit AeroSystems’s payout ratio is 14.08%.
In other news, SVP Duane F. Hawkins sold 5,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $83.04, for a total value of $415,200.00. Following the completion of 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 Securities & Exchange Commission, which is available through this link. Also, Director Robert D. Johnson sold 500 shares of the company’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 completion of the sale, the director now directly owns 1,964 shares of the company’s stock, valued at $165,231.32. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. purchased a new position in Spirit AeroSystems during the second quarter worth about $200,000. Nine Chapters Capital Management LLC purchased a new position in Spirit AeroSystems during the third quarter worth about $218,000. Quantitative Systematic Strategies LLC purchased a new position in Spirit AeroSystems during the third quarter worth about $227,000. Hillsdale Investment Management Inc. raised its holdings in Spirit AeroSystems by 23.2% during the second quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 740 shares in the last quarter. Finally, Commonwealth Equity Services Inc purchased a new position in Spirit AeroSystems during the third quarter worth about $228,000. 96.12% of the stock is owned by hedge funds and other institutional investors.
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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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