Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $86.99, for a total transaction of $43,495.00. Following the sale, the director now owns 1,432 shares of the company’s stock, valued at $124,569.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of SPR stock opened at $84.62 on Wednesday. The firm has a fifty day simple moving average of $85.07 and a 200-day simple moving average of $81.12. The company has a market capitalization of $9.00 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17. Spirit AeroSystems Holdings, Inc. has a twelve month low of $64.48 and a twelve month high of $100.34. The company has a current ratio of 2.06, a quick ratio of 1.51 and a debt-to-equity ratio of 1.35.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $1.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($0.29). Spirit AeroSystems had a return on equity of 49.21% and a net margin of 8.27%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm earned $1.70 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post 6.44 EPS for the current year.
A number of equities analysts have recently commented on the stock. Robert W. Baird downgraded shares of Spirit AeroSystems from an “outperform” rating to a “neutral” rating and cut their target price for the company from $89.00 to $80.00 in a research note on Tuesday, October 22nd. Susquehanna Bancshares began coverage on shares of Spirit AeroSystems in a research report on Tuesday, November 26th. They set a “neutral” rating and a $96.00 price target for the company. Cowen reiterated a “hold” rating on shares of Spirit AeroSystems in a report on Thursday, October 31st. Morgan Stanley increased their price target on Spirit AeroSystems from $100.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, UBS Group lowered Spirit AeroSystems from a “buy” rating to a “neutral” rating and cut their price objective for the company from $92.00 to $88.00 in a research report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Spirit AeroSystems presently has an average rating of “Hold” and an average target price of $91.76.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Man Group plc grew its stake in Spirit AeroSystems by 5.2% during the 3rd quarter. Man Group plc now owns 1,022,693 shares of the aerospace company’s stock valued at $84,106,000 after purchasing an additional 50,622 shares in the last quarter. Maple Rock Capital Partners Inc. acquired a new position in shares of Spirit AeroSystems in the 3rd quarter valued at approximately $21,382,000. Scopia Capital Management LP boosted its stake in shares of Spirit AeroSystems by 5.6% during the 3rd quarter. Scopia Capital Management LP now owns 2,707,197 shares of the aerospace company’s stock valued at $222,640,000 after buying an additional 142,871 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Spirit AeroSystems by 89.3% during the 3rd quarter. Squarepoint Ops LLC now owns 316,862 shares of the aerospace company’s stock valued at $26,059,000 after buying an additional 149,460 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its position in shares of Spirit AeroSystems by 5.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 259,503 shares of the aerospace company’s stock worth $21,341,000 after buying an additional 13,640 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.
Spirit AeroSystems Company Profile
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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