Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Director Charles L. Chadwell sold 6,600 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the sale, the director now owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Spirit Aerosystems Holdings, Inc. (NYSE:SPR) opened at 77.12 on Friday. The company has a 50-day moving average of $71.35 and a 200-day moving average of $60.97. Spirit Aerosystems Holdings, Inc. has a 52 week low of $42.26 and a 52 week high of $77.17. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 27.69 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.37. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. Spirit Aerosystems Holdings’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 EPS. On average, equities analysts forecast that Spirit Aerosystems Holdings, Inc. will post $5.22 earnings per share for the current fiscal year.

Spirit Aerosystems Holdings declared that its board has approved a share buyback program on Wednesday, August 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the aerospace company to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.52%. Spirit Aerosystems Holdings’s dividend payout ratio is presently 14.60%.

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A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Spirit Aerosystems Holdings by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 11,549,361 shares of the aerospace company’s stock worth $668,939,000 after buying an additional 616,129 shares in the last quarter. BlackRock Inc. grew its stake in Spirit Aerosystems Holdings by 2.4% in the 2nd quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock worth $363,874,000 after buying an additional 148,240 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Spirit Aerosystems Holdings by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,008,637 shares of the aerospace company’s stock worth $290,100,000 after buying an additional 305,946 shares in the last quarter. AQR Capital Management LLC grew its stake in Spirit Aerosystems Holdings by 12.7% in the 1st quarter. AQR Capital Management LLC now owns 3,883,585 shares of the aerospace company’s stock worth $224,937,000 after buying an additional 436,784 shares in the last quarter. Finally, LSV Asset Management grew its stake in Spirit Aerosystems Holdings by 9.8% in the 2nd quarter. LSV Asset Management now owns 3,468,615 shares of the aerospace company’s stock worth $200,971,000 after buying an additional 308,900 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

SPR has been the subject of several research analyst reports. Cowen and Company reissued a “buy” rating and issued a $69.00 price target on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 2nd. Credit Suisse Group reissued an “outperform” rating and issued a $80.00 price target (up previously from $74.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, August 3rd. ValuEngine raised shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub lowered shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Robert W. Baird reissued a “buy” rating and issued a $86.00 price target on shares of Spirit Aerosystems Holdings in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Spirit Aerosystems Holdings presently has an average rating of “Buy” and an average price target of $72.94.

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.

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