ValuEngine downgraded shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) from a strong-buy rating to a buy rating in a research report report published on Monday.

A number of other equities analysts have also issued reports on the stock. Buckingham Research raised their price target on shares of Spirit Aerosystems Holdings from $53.00 to $66.00 and gave the stock a neutral rating in a research report on Thursday, September 28th. Canaccord Genuity reaffirmed a buy rating and set a $86.00 target price (up from $80.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, September 28th. Cowen and Company reaffirmed an outperform rating and set a $88.00 target price (up from $79.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, September 28th. Jefferies Group LLC lifted their target price on shares of Spirit Aerosystems Holdings from $84.00 to $90.00 and gave the company a buy rating in a report on Thursday, September 28th. Finally, Citigroup Inc. reaffirmed a buy rating and set a $85.00 target price on shares of Spirit Aerosystems Holdings in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Spirit Aerosystems Holdings has a consensus rating of Hold and a consensus target price of $75.28.

Shares of Spirit Aerosystems Holdings (NYSE:SPR) opened at 78.90 on Monday. The firm’s 50-day moving average is $75.02 and its 200-day moving average is $62.63. The stock has a market capitalization of $9.34 billion, a PE ratio of 28.33 and a beta of 1.36. Spirit Aerosystems Holdings has a one year low of $45.04 and a one year high of $79.29.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.37. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the firm posted $1.21 EPS. Spirit Aerosystems Holdings’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts expect that Spirit Aerosystems Holdings will post $5.24 earnings per share for the current fiscal year.

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Spirit Aerosystems Holdings announced that its Board of Directors has initiated a stock repurchase program on Wednesday, August 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the aerospace company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Investors 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 0.51%. Spirit Aerosystems Holdings’s dividend payout ratio is currently 14.60%.

In other Spirit Aerosystems Holdings news, Director Charles L. Chadwell sold 6,600 shares of Spirit Aerosystems Holdings 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 filing with the SEC, which is available at the SEC website. Also, SVP John A. Pilla sold 10,088 shares of Spirit Aerosystems Holdings stock in a transaction 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 directly owns 93,258 shares in the company, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Spirit Aerosystems Holdings by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 11,549,361 shares of the aerospace company’s stock worth $668,939,000 after purchasing an additional 616,129 shares during the last quarter. BlackRock Inc. boosted its stake in Spirit Aerosystems Holdings by 2.4% during the 2nd quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock worth $363,874,000 after purchasing an additional 148,240 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Spirit Aerosystems Holdings by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,008,637 shares of the aerospace company’s stock worth $290,100,000 after purchasing an additional 305,946 shares during the last quarter. AQR Capital Management LLC boosted its stake in Spirit Aerosystems Holdings by 12.7% during the 1st quarter. AQR Capital Management LLC now owns 3,883,585 shares of the aerospace company’s stock worth $224,937,000 after purchasing an additional 436,784 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Spirit Aerosystems Holdings by 9.8% during the 2nd quarter. LSV Asset Management now owns 3,468,615 shares of the aerospace company’s stock worth $200,971,000 after purchasing an additional 308,900 shares during the last quarter. 98.66% of the stock is currently owned by institutional investors.

Spirit Aerosystems Holdings 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.

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Analyst Recommendations for Spirit Aerosystems Holdings (NYSE:SPR)

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