Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $79.95, for a total value of $39,975.00. Following the completion of the sale, the director now directly owns 2,925 shares of the company’s stock, valued at approximately $233,853.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
NYSE:SPR traded up $1.23 during mid-day trading on Friday, hitting $81.37. 2,094,900 shares of the company traded hands, compared to its average volume of 994,058. The company has a fifty day moving average of $82.07. Spirit AeroSystems Holdings, Inc. has a one year low of $64.48 and a one year high of $100.34. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.39 and a current ratio of 1.95. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.36.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.01. Spirit AeroSystems had a return on equity of 63.36% and a net margin of 8.78%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. Spirit AeroSystems’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post 7.02 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Spirit AeroSystems in the first quarter valued at about $42,000. Doyle Wealth Management purchased a new position in shares of Spirit AeroSystems in the fourth quarter valued at about $40,000. Advisors Preferred LLC purchased a new position in shares of Spirit AeroSystems in the first quarter valued at about $76,000. Smithfield Trust Co. lifted its position in shares of Spirit AeroSystems by 538.5% in the first quarter. Smithfield Trust Co. now owns 830 shares of the aerospace company’s stock valued at $76,000 after acquiring an additional 700 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Spirit AeroSystems by 96.7% in the fourth quarter. Bessemer Group Inc. now owns 836 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 411 shares in the last quarter. Institutional investors and hedge funds own 96.55% of the company’s stock.
Several analysts recently commented on SPR shares. Canaccord Genuity lowered Spirit AeroSystems from a “buy” rating to a “hold” rating and cut their price objective for the stock from $100.00 to $92.00 in a report on Monday, April 8th. Barclays reaffirmed a “buy” rating on shares of Spirit AeroSystems in a report on Wednesday, March 13th. Cowen reaffirmed a “hold” rating and issued a $93.00 price objective on shares of Spirit AeroSystems in a report on Tuesday, April 16th. Vertical Research lowered Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 price objective for the company. in a report on Wednesday, March 6th. Finally, Zacks Investment Research lowered Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $99.72.
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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