Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $99.60, for a total value of $49,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE:SPR traded down $1.41 on Tuesday, reaching $97.23. 694,521 shares of the company’s stock traded hands, compared to its average volume of 953,070. The company has a quick ratio of 1.16, a current ratio of 1.80 and a debt-to-equity ratio of 1.51. The stock has a market cap of $10.33 billion, a PE ratio of 15.53, a P/E/G ratio of 1.67 and a beta of 1.28. Spirit AeroSystems Holdings, Inc. has a 12 month low of $64.48 and a 12 month high of $100.34.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Friday, February 1st. The aerospace company reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Spirit AeroSystems had a return on equity of 55.88% and a net margin of 8.54%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.32 earnings per share. Sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 7.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 8th. Shareholders of record on Monday, March 18th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, March 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. Spirit AeroSystems’s dividend payout ratio is presently 7.67%.

A number of research firms have recently issued reports on SPR. Seaport Global Securities downgraded Spirit AeroSystems from a “buy” rating to a “neutral” rating and set a $98.64 price target on the stock. in a research note on Tuesday. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $112.00 target price (up from $102.00) on shares of Spirit AeroSystems in a report on Friday, February 8th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $103.00 target price (up from $96.00) on shares of Spirit AeroSystems in a report on Monday, February 4th. SunTrust Banks raised their target price on Spirit AeroSystems to $96.00 and gave the stock an “in-line” rating in a report on Monday, February 4th. Finally, Zacks Investment Research raised Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Friday, February 1st. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $103.36.

Large investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Spirit AeroSystems by 66.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 200 shares during the period. Doyle Wealth Management bought a new stake in Spirit AeroSystems during the fourth quarter valued at about $40,000. Bessemer Group Inc. raised its holdings in Spirit AeroSystems by 96.7% during the fourth quarter. Bessemer Group Inc. now owns 836 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 411 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in Spirit AeroSystems during the fourth quarter valued at about $80,000. Finally, Capital Guardian Trust Co. bought a new stake in Spirit AeroSystems during the third quarter valued at about $105,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.

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