Spirit Aerosystems Holdings, Inc. (SPR) Cut to Buy at BidaskClub
BidaskClub cut shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) from a strong-buy rating to a buy rating in a research report released on Saturday.
Other analysts also recently issued reports about the company. Jefferies Group LLC set a $68.00 price objective on Spirit Aerosystems Holdings and gave the stock a buy rating in a research report on Thursday. Credit Suisse Group reissued a buy rating and set a $74.00 price objective on shares of Spirit Aerosystems Holdings in a research report on Friday, May 5th. Standpoint Research downgraded Spirit Aerosystems Holdings from a buy rating to a hold rating in a research report on Tuesday, February 28th. Finally, Barclays PLC raised their price objective on Spirit Aerosystems Holdings from $62.00 to $70.00 and gave the stock an overweight rating in a research report on Monday, March 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $62.23.
Spirit Aerosystems Holdings (NYSE SPR) traded down 1.08% on Friday, reaching $56.08. 3,416,060 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $55.43 and a 200-day moving average price of $57.63. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 15.81 and a beta of 1.35. Spirit Aerosystems Holdings has a 52 week low of $41.27 and a 52 week high of $62.90.
Spirit Aerosystems Holdings (NYSE:SPR) last issued its earnings results on Wednesday, May 3rd. The aerospace company reported $1.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.17. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.67 billion. Spirit Aerosystems Holdings had a return on equity of 28.51% and a net margin of 6.46%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. On average, analysts predict that Spirit Aerosystems Holdings will post $4.79 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Investors of record on Monday, June 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, June 15th. Spirit Aerosystems Holdings’s payout ratio is 11.20%.
In related news, Director Richard A. Gephardt sold 4,247 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $58.00, for a total transaction of $246,326.00. Following the completion of the sale, the director now owns 1,964 shares in the company, valued at $113,912. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.28% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Spirit Aerosystems Holdings during the fourth quarter valued at $72,764,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Spirit Aerosystems Holdings by 11.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,604 shares of the aerospace company’s stock valued at $183,000 after buying an additional 356 shares during the last quarter. Seven Eight Capital LP acquired a new stake in Spirit Aerosystems Holdings during the fourth quarter valued at $210,000. Janus Capital Management LLC boosted its stake in Spirit Aerosystems Holdings by 28.0% in the fourth quarter. Janus Capital Management LLC now owns 26,136 shares of the aerospace company’s stock valued at $1,525,000 after buying an additional 5,718 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Spirit Aerosystems Holdings by 4.0% in the fourth quarter. GSA Capital Partners LLP now owns 9,036 shares of the aerospace company’s stock valued at $527,000 after buying an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.
Spirit Aerosystems Holdings 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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