Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Robert D. Johnson sold 500 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $82.90, for a total transaction of $41,450.00. Following 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 SEC, which is available through this hyperlink.

Spirit AeroSystems stock opened at $75.42 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.06 and a current ratio of 1.57. Spirit AeroSystems Holdings, Inc. has a 1 year low of $74.97 and a 1 year high of $105.20. The stock has a market capitalization of $8.22 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Wednesday, October 31st. The aerospace company reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.07. Spirit AeroSystems had a net margin of 7.92% and a return on equity of 46.86%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts expect that Spirit AeroSystems Holdings, Inc. 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 issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 8.97%.

Several hedge funds have recently added to or reduced their stakes in SPR. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Spirit AeroSystems in the 3rd quarter worth about $70,756,000. OZ Management LP increased its holdings in shares of Spirit AeroSystems by 33.1% in the 3rd quarter. OZ Management LP now owns 2,711,165 shares of the aerospace company’s stock worth $248,533,000 after acquiring an additional 674,692 shares during the period. OppenheimerFunds Inc. increased its holdings in shares of Spirit AeroSystems by 35.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,640,092 shares of the aerospace company’s stock worth $140,900,000 after acquiring an additional 433,677 shares during the period. Marshall Wace LLP acquired a new stake in shares of Spirit AeroSystems in the 2nd quarter worth about $27,351,000. Finally, Scopia Capital Management LP increased its holdings in shares of Spirit AeroSystems by 6.1% in the 3rd quarter. Scopia Capital Management LP now owns 5,361,113 shares of the aerospace company’s stock worth $491,453,000 after acquiring an additional 310,584 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on the stock. Bank of America upgraded shares of Spirit AeroSystems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $105.00 in a research note on Thursday, November 8th. Credit Suisse Group raised their price target on shares of Spirit AeroSystems from $102.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Wells Fargo & Co set a $105.00 price target on shares of Spirit AeroSystems and gave the stock a “buy” rating in a research report on Thursday, November 1st. UBS Group started coverage on shares of Spirit AeroSystems in a research report on Wednesday, August 15th. They issued a “buy” rating and a $110.00 price target on the stock. Finally, Standpoint Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $106.27.

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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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Insider Buying and Selling by Quarter for Spirit AeroSystems (NYSE:SPR)

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