Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $74.57, for a total value of $37,285.00. Following the completion of the transaction, the director now directly owns 1,964 shares in the company, valued at approximately $146,455.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded down $1.76 during midday trading on Wednesday, reaching $82.24. The company’s stock had a trading volume of 999,600 shares, compared to its average volume of 1,031,859. The stock has a market cap of $9,712.42, a PE ratio of 17.18, a PEG ratio of 1.49 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $84.96.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, meeting the consensus estimate of $1.26. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. equities analysts predict that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current fiscal year.
Several analysts recently issued reports on SPR shares. Zacks Investment Research cut Spirit AeroSystems from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. ValuEngine upgraded Spirit AeroSystems from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. UBS reiterated a “buy” rating and set a $81.00 target price (up previously from $63.00) on shares of Spirit AeroSystems in a research report on Monday, August 21st. Royal Bank Of Canada set a $69.00 target price on Spirit AeroSystems and gave the stock a “sell” rating in a research report on Sunday, September 10th. Finally, Jefferies Group increased their target price on Spirit AeroSystems from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Spirit AeroSystems presently has an average rating of “Hold” and a consensus target price of $80.95.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPR. Raymond James Trust N.A. bought a new stake in shares of Spirit AeroSystems in the 2nd quarter valued at approximately $200,000. Nine Chapters Capital Management LLC bought a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at approximately $218,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at approximately $227,000. Hillsdale Investment Management Inc. lifted its stake in shares of Spirit AeroSystems by 23.2% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock valued at $228,000 after purchasing an additional 740 shares during the last quarter. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at approximately $228,000. Institutional investors and hedge funds own 96.21% of the company’s stock.
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Spirit AeroSystems Company Profile
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.
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