Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has received an average rating of “Hold” from the twenty-four research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $79.50.

SPR has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $69.00 price target on shares of Spirit AeroSystems and gave the company a “sell” rating in a report on Sunday, September 10th. Zacks Investment Research raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Wednesday, October 11th. Citigroup Inc. reaffirmed a “buy” rating and set a $91.00 price target (up previously from $85.00) on shares of Spirit AeroSystems in a report on Monday, October 9th. Credit Suisse Group raised their price target on shares of Spirit AeroSystems from $88.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, Cowen Inc reaffirmed a “buy” rating and set a $69.00 price target on shares of Spirit AeroSystems in a report on Wednesday, August 2nd.

In other Spirit AeroSystems news, SVP Duane F. Hawkins sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $83.04, for a total transaction of $415,200.00. Following the sale, the senior vice president now owns 39,374 shares in the company, valued at approximately $3,269,616.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John A. Pilla sold 10,088 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total transaction of $752,564.80. Following the sale, the senior vice president now owns 93,258 shares in the company, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. In the last three months, insiders sold 21,688 shares of company stock worth $1,672,599. 0.28% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPR. Boston Partners bought a new stake in Spirit AeroSystems during the 2nd quarter worth approximately $140,460,000. UBS Asset Management Americas Inc. raised its stake in Spirit AeroSystems by 1,425.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock worth $130,691,000 after acquiring an additional 2,107,710 shares during the period. Wedge Capital Management L L P NC bought a new stake in Spirit AeroSystems during the 3rd quarter worth approximately $52,067,000. Koch Industries Inc. bought a new stake in Spirit AeroSystems during the 2nd quarter worth approximately $524,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in Spirit AeroSystems during the 2nd quarter worth approximately $21,437,000. Institutional investors own 99.81% of the company’s stock.

Shares of Spirit AeroSystems (NYSE SPR) traded down $0.53 during midday trading on Friday, hitting $82.34. 607,649 shares of the stock were exchanged, compared to its average volume of 979,625. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.56. The stock has a market cap of $9,520.48, a P/E ratio of 16.84, a PEG ratio of 1.46 and a beta of 1.16. Spirit AeroSystems has a 12-month low of $51.85 and a 12-month high of $84.75.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 EPS. equities research analysts forecast that Spirit AeroSystems will post 5.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, December 15th. Spirit AeroSystems’s payout ratio is 14.08%.

Spirit AeroSystems declared that its board has initiated a share repurchase program on Wednesday, August 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the aerospace company to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/spirit-aerosystems-holdings-inc-spr-receives-consensus-rating-of-hold-from-brokerages/1727824.html.

Spirit AeroSystems 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.

Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

Receive News & Ratings for Spirit AeroSystems Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.