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.
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%.
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.
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.