Spirit AeroSystems Holdings, Inc. (NYSE:SPR) was the recipient of unusually large options trading activity on Thursday. Traders acquired 466 call options on the stock. This represents an increase of approximately 690% compared to the typical volume of 59 call options.
Shares of NYSE:SPR opened at $77.52 on Friday. The company has a market cap of $8.47 billion, a P/E ratio of 13.90, a PEG ratio of 1.67 and a beta of 1.16. Spirit AeroSystems has a 12 month low of $76.01 and a 12 month high of $105.20. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.57 and a quick ratio of 1.06.
Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Wednesday, October 31st. The aerospace company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Spirit AeroSystems had a net margin of 7.92% and a return on equity of 46.86%. Spirit AeroSystems’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 earnings per share. As a group, equities research analysts anticipate that Spirit AeroSystems will post 6.19 earnings per share for the current year.
Several research firms have recently weighed in on SPR. UBS Group began coverage on shares of Spirit AeroSystems in a research note on Wednesday, August 15th. They issued a “buy” rating and a $110.00 target price for the company. Standpoint Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Bank of America upgraded shares of Spirit AeroSystems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $105.00 in a research note on Thursday, November 8th. Credit Suisse Group lifted their target price on shares of Spirit AeroSystems from $102.00 to $103.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Finally, Wells Fargo & Co set a $105.00 target price on shares of Spirit AeroSystems and gave the stock a “buy” rating in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $106.27.
In other news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $82.90, for a total value of $41,450.00. Following the completion of the transaction, the director now owns 1,493 shares in the company, valued at $123,769.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John A. Pilla sold 9,642 shares of Spirit AeroSystems stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $84.01, for a total transaction of $810,024.42. Following the completion of the transaction, the senior vice president now owns 21,866 shares of the company’s stock, valued at approximately $1,836,962.66. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Capital Guardian Trust Co. purchased a new position in Spirit AeroSystems in the 3rd quarter worth approximately $105,000. Truvestments Capital LLC purchased a new position in Spirit AeroSystems in the 3rd quarter worth approximately $154,000. Raymond James Financial Services Advisors Inc. purchased a new position in Spirit AeroSystems in the 2nd quarter worth approximately $222,000. Global Financial Private Capital LLC purchased a new position in Spirit AeroSystems in the 2nd quarter worth approximately $329,000. Finally, Mackenzie Financial Corp grew its stake in Spirit AeroSystems by 20.1% in the 3rd quarter. Mackenzie Financial Corp now owns 3,741 shares of the aerospace company’s stock worth $343,000 after buying an additional 625 shares in the last quarter. 96.74% of the stock is owned by institutional investors.
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Spirit AeroSystems Company Profile
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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