Stock Traders Purchase Large Volume of Call Options on Spirit AeroSystems (SPR)

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.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Monday, December 17th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.48 annualized dividend and a yield of 0.62%. Spirit AeroSystems’s dividend payout ratio is currently 8.97%.

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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