Spirit Aerosystems Holdings, Inc. (NYSE:SPR) SVP John A. Pilla sold 10,088 shares of the company’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 value of $752,564.80. Following the completion of the sale, the senior vice president now owns 93,258 shares in the company, valued at approximately $6,957,046.80. The transaction was disclosed in a filing with the SEC, which is available at this link.

Spirit Aerosystems Holdings, Inc. (NYSE SPR) traded up 0.05% on Friday, reaching $75.55. The company had a trading volume of 904,067 shares. Spirit Aerosystems Holdings, Inc. has a 52-week low of $42.26 and a 52-week high of $76.15. The company’s 50-day moving average is $68.77 and its 200-day moving average is $60.30. The company has a market capitalization of $8.94 billion, a PE ratio of 27.13 and a beta of 1.31.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.37. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. Spirit Aerosystems Holdings’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. Equities analysts anticipate that Spirit Aerosystems Holdings, Inc. will post $5.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. Spirit Aerosystems Holdings’s payout ratio is 14.60%.

Spirit Aerosystems Holdings announced that its board has approved a share buyback program on Wednesday, August 2nd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the aerospace company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: This story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/09/08/spirit-aerosystems-holdings-inc-spr-svp-sells-752564-80-in-stock.html.

Institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. boosted its position in Spirit Aerosystems Holdings by 9.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 160 shares in the last quarter. Focused Wealth Management Inc lifted its position in shares of Spirit Aerosystems Holdings by 68.8% in the first quarter. Focused Wealth Management Inc now owns 2,700 shares of the aerospace company’s stock valued at $156,000 after acquiring an additional 1,100 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Spirit Aerosystems Holdings by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 3,317 shares of the aerospace company’s stock valued at $192,000 after acquiring an additional 149 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Spirit Aerosystems Holdings in the second quarter valued at $200,000. Finally, Parametrica Management Ltd purchased a new stake in shares of Spirit Aerosystems Holdings in the second quarter valued at $217,000. Institutional investors own 98.60% of the company’s stock.

A number of research analysts have recently issued reports on SPR shares. BidaskClub lowered Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Jefferies Group LLC set a $68.00 target price on Spirit Aerosystems Holdings and gave the company a “buy” rating in a research report on Thursday, June 22nd. Cowen and Company reiterated a “buy” rating and set a $69.00 target price on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 2nd. UBS AG reiterated a “buy” rating and set a $81.00 target price (up previously from $63.00) on shares of Spirit Aerosystems Holdings in a research report on Monday, August 21st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $80.00 target price (up previously from $74.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.06.

About Spirit Aerosystems Holdings

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.

Receive News & Stock 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 stocks with our FREE daily email newsletter.