Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Robert D. Johnson sold 500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $86.99, for a total value of $43,495.00. Following the sale, the director now directly owns 1,432 shares of the company’s stock, valued at $124,569.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of SPR stock opened at $84.62 on Wednesday. The business’s fifty day moving average price is $85.07 and its 200 day moving average price is $81.12. The firm has a market capitalization of $9.00 billion, a PE ratio of 13.52, a P/E/G ratio of 1.74 and a beta of 1.17. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.06 and a quick ratio of 1.51. Spirit AeroSystems Holdings, Inc. has a 1-year low of $64.48 and a 1-year high of $100.34.
Spirit AeroSystems (NYSE:SPR) last released its earnings results on Thursday, October 31st. The aerospace company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.29). The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.98 billion. Spirit AeroSystems had a net margin of 8.27% and a return on equity of 49.21%. Spirit AeroSystems’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $1.70 EPS. Equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post 6.44 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on SPR. Robert W. Baird lowered Spirit AeroSystems from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $89.00 to $80.00 in a report on Tuesday, October 22nd. Morgan Stanley increased their price target on Spirit AeroSystems from $100.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Cowen reissued a “hold” rating on shares of Spirit AeroSystems in a research note on Thursday, October 31st. UBS Group downgraded shares of Spirit AeroSystems from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $92.00 to $88.00 in a research report on Monday, October 21st. Finally, ValuEngine cut shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $91.76.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farr Miller & Washington LLC DC raised its stake in shares of Spirit AeroSystems by 2.7% during the 2nd quarter. Farr Miller & Washington LLC DC now owns 5,892 shares of the aerospace company’s stock worth $479,000 after buying an additional 155 shares during the last quarter. MML Investors Services LLC grew its stake in Spirit AeroSystems by 2.0% in the 2nd quarter. MML Investors Services LLC now owns 10,258 shares of the aerospace company’s stock valued at $835,000 after acquiring an additional 197 shares during the last quarter. Frontier Wealth Management LLC grew its stake in Spirit AeroSystems by 4.1% in the 2nd quarter. Frontier Wealth Management LLC now owns 5,035 shares of the aerospace company’s stock valued at $410,000 after acquiring an additional 199 shares during the last quarter. MAI Capital Management increased its holdings in Spirit AeroSystems by 3.0% during the 2nd quarter. MAI Capital Management now owns 7,210 shares of the aerospace company’s stock valued at $587,000 after acquiring an additional 210 shares in the last quarter. Finally, Comerica Bank increased its holdings in Spirit AeroSystems by 5.0% during the 3rd quarter. Comerica Bank now owns 4,416 shares of the aerospace company’s stock valued at $351,000 after acquiring an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.
About Spirit AeroSystems
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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