Spirit AeroSystems Holdings, Inc. (SPR) Receives $102.47 Average Target Price from Analysts

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have received an average rating of “Buy” from the twenty analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $102.47.

Several analysts recently commented on SPR shares. Cowen reaffirmed a “buy” rating and set a $100.00 target price on shares of Spirit AeroSystems in a report on Wednesday, August 1st. Morgan Stanley dropped their target price on Spirit AeroSystems from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, July 12th. ValuEngine lowered Spirit AeroSystems from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Bank of America dropped their target price on Spirit AeroSystems from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Thursday, August 2nd.

Shares of SPR stock opened at $92.86 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $9.96 billion, a PE ratio of 17.61, a PEG ratio of 1.38 and a beta of 1.28. Spirit AeroSystems has a fifty-two week low of $76.00 and a fifty-two week high of $105.20.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, August 1st. The aerospace company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.12. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.85 billion. Spirit AeroSystems had a return on equity of 39.74% and a net margin of 7.68%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.57 earnings per share. research analysts anticipate that Spirit AeroSystems will post 6.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 9th. Shareholders of record on Monday, September 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, September 14th. Spirit AeroSystems’s payout ratio is currently 8.97%.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $85.37, for a total value of $42,685.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Duane F. Hawkins sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $85.50, for a total value of $299,250.00. Following the completion of the sale, the senior vice president now directly owns 41,191 shares in the company, valued at $3,521,830.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,920 shares of company stock worth $1,644,796. 0.87% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Mount Yale Investment Advisors LLC acquired a new stake in Spirit AeroSystems in the first quarter valued at approximately $101,000. Atria Investments LLC purchased a new position in shares of Spirit AeroSystems in the second quarter valued at approximately $201,000. Lucia Wealth Services LLC purchased a new position in shares of Spirit AeroSystems in the first quarter valued at approximately $211,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Spirit AeroSystems in the second quarter valued at approximately $222,000. Finally, Point72 Asia Hong Kong Ltd purchased a new position in shares of Spirit AeroSystems in the first quarter valued at approximately $232,000.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through 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 offers related spares and maintenance, repairs, and overhaul (MRO) services.

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Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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