Spirit AeroSystems Holdings, Inc. (SPR) Given Consensus Rating of “Buy” by Brokerages

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.

Institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. grew its stake in Spirit AeroSystems by 0.5% in the third quarter. Baird Financial Group Inc. now owns 279,958 shares of the aerospace company’s stock valued at $25,896,000 after acquiring an additional 1,307 shares during the period. Quantamental Technologies LLC acquired a new stake in Spirit AeroSystems in the fourth quarter valued at approximately $281,000. Pendal Group Ltd acquired a new stake in Spirit AeroSystems in the third quarter valued at approximately $1,018,000. People s United Financial Inc. lifted its holdings in shares of Spirit AeroSystems by 9.2% in the third quarter. People s United Financial Inc. now owns 8,815 shares of the aerospace company’s stock valued at $808,000 after purchasing an additional 742 shares in the last quarter. Finally, Putnam Investments LLC bought a new position in shares of Spirit AeroSystems in the third quarter valued at approximately $13,403,000. 97.62% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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