Spirit AeroSystems Holdings, Inc. (SPR) Director Robert D. Johnson Sells 500 Shares
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.
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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