Spirit AeroSystems Holdings, Inc. (SPR) Receives $96.12 Average Target Price from Brokerages

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have received an average recommendation of “Buy” from the twenty-one analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $96.12.

A number of equities research analysts have recently weighed in on the company. ValuEngine raised Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird reissued a “buy” rating and issued a $129.00 target price on shares of Spirit AeroSystems in a research note on Monday, January 29th. Canaccord Genuity reissued a “buy” rating and issued a $115.00 target price on shares of Spirit AeroSystems in a research note on Monday, January 29th. Royal Bank of Canada set a $100.00 price target on Spirit AeroSystems and gave the company a “sell” rating in a research report on Tuesday, January 23rd. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $120.00 price target on shares of Spirit AeroSystems in a research report on Thursday, January 18th.

In other news, Director Robert D. Johnson sold 500 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $84.13, for a total value of $42,065.00. Following the completion of the transaction, the director now owns 1,964 shares of the company’s stock, valued at approximately $165,231.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in SPR. Boston Partners raised its position in shares of Spirit AeroSystems by 74.5% in the 3rd quarter. Boston Partners now owns 4,230,462 shares of the aerospace company’s stock worth $328,791,000 after acquiring an additional 1,806,228 shares in the last quarter. BlackRock Inc. raised its position in shares of Spirit AeroSystems by 18.7% in the 4th quarter. BlackRock Inc. now owns 7,616,743 shares of the aerospace company’s stock worth $664,561,000 after acquiring an additional 1,200,213 shares in the last quarter. LSV Asset Management raised its position in shares of Spirit AeroSystems by 19.5% in the 4th quarter. LSV Asset Management now owns 5,080,842 shares of the aerospace company’s stock worth $443,303,000 after acquiring an additional 827,943 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Spirit AeroSystems in the 3rd quarter worth approximately $52,067,000. Finally, Koch Industries Inc. bought a new position in shares of Spirit AeroSystems in the 2nd quarter worth approximately $524,000. 97.39% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems (NYSE SPR) traded up $1.39 during midday trading on Friday, hitting $92.09. The stock had a trading volume of 979,508 shares, compared to its average volume of 1,201,771. Spirit AeroSystems has a 12 month low of $51.85 and a 12 month high of $105.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.56. The company has a market cap of $10,241.86, a price-to-earnings ratio of 30.32, a PEG ratio of 1.29 and a beta of 1.37.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.10. Spirit AeroSystems had a return on equity of 33.80% and a net margin of 5.08%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the company posted $0.89 EPS. Spirit AeroSystems’s revenue for the quarter was up 9.2% on a year-over-year basis. sell-side analysts anticipate that Spirit AeroSystems will post 6.4 earnings per share for the current year.

Spirit AeroSystems declared that its Board of Directors has initiated a stock repurchase program on Friday, February 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Friday, March 16th. Spirit AeroSystems’s dividend payout ratio is currently 13.25%.

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About Spirit AeroSystems

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.

Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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