Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Sells $39,975.00 in Stock

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.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Monday, June 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. Spirit AeroSystems’s payout ratio is 7.67%.

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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Insider Buying and Selling by Quarter for Spirit AeroSystems (NYSE:SPR)

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