Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been assigned a consensus rating of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $104.23.
A number of equities analysts have recently issued reports on SPR shares. SunTrust Banks raised their price objective on Spirit AeroSystems to $96.00 and gave the stock an “in-line” rating in a research report on Monday, February 4th. Zacks Investment Research cut Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Wells Fargo & Co set a $105.00 target price on Spirit AeroSystems and gave the stock a “buy” rating in a research note on Thursday, November 1st. Credit Suisse Group raised their target price on Spirit AeroSystems from $102.00 to $103.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Finally, Bank of America raised Spirit AeroSystems from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $105.00 in a research note on Thursday, November 8th.
In other Spirit AeroSystems news, Director Paul E. Fulchino sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $95.33, for a total value of $1,906,600.00. Following the completion of the sale, the director now owns 12,234 shares of the company’s stock, valued at $1,166,267.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $82.90, for a total value of $41,450.00. Following the completion of the sale, the director now directly owns 1,493 shares of the company’s stock, valued at approximately $123,769.70. The disclosure for this sale can be found here. Insiders have sold 53,700 shares of company stock valued at $5,023,848 in the last ninety days. 0.87% of the stock is currently owned by insiders.
Shares of SPR traded up $0.80 during mid-day trading on Tuesday, reaching $96.51. 329,449 shares of the company were exchanged, compared to its average volume of 947,972. Spirit AeroSystems has a 52 week low of $64.48 and a 52 week high of $96.77. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.80 and a quick ratio of 1.06. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.61 and a beta of 1.28.
Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Friday, February 1st. The aerospace company reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.07. Spirit AeroSystems had a return on equity of 55.88% and a net margin of 8.54%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $1.32 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Spirit AeroSystems will post 7.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 8th. Investors of record on Monday, March 18th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, March 15th. This represents a $0.48 annualized dividend and a yield of 0.50%. Spirit AeroSystems’s dividend payout ratio is currently 7.67%.
Spirit AeroSystems Company Profile
Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and related spares, as well as maintenance, repairs, and overhaul (MRO) services.
Featured Story: Hedge Funds
Receive News & Ratings for Spirit AeroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems and related companies with MarketBeat.com's FREE daily email newsletter.