Spirit AeroSystems Holdings, Inc. (NYSE:SPR) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Stockholders of record on Monday, December 18th will be given a dividend of 0.10 per share by the aerospace company on Monday, January 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, December 15th.

Spirit AeroSystems has a dividend payout ratio of 7.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Spirit AeroSystems to earn $5.48 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.3%.

Shares of Spirit AeroSystems (NYSE:SPR) opened at $84.95 on Friday. The firm has a market capitalization of $9,822.26, a P/E ratio of 17.37, a PEG ratio of 1.50 and a beta of 1.16. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. Spirit AeroSystems has a twelve month low of $51.85 and a twelve month high of $84.96.

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

Several equities research analysts recently commented on SPR shares. UBS reissued a “buy” rating and set a $81.00 target price (up previously from $63.00) on shares of Spirit AeroSystems in a report on Monday, August 21st. ValuEngine raised Spirit AeroSystems from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and set a $86.00 target price on shares of Spirit AeroSystems in a report on Friday, September 8th. Royal Bank Of Canada set a $69.00 target price on Spirit AeroSystems and gave the stock a “sell” rating in a report on Sunday, September 10th. Finally, Citigroup reissued a “buy” rating and set a $85.00 target price on shares of Spirit AeroSystems in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $81.68.

In other Spirit AeroSystems news, Director Charles L. Chadwell sold 6,600 shares of Spirit AeroSystems stock in a transaction that occurred 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 transaction, the director now directly owns 23,828 shares in the company, valued at approximately $1,822,603.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $84.13, for a total transaction of $42,065.00. Following the transaction, the director now owns 1,964 shares in the company, valued at $165,231.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,100 shares of company stock worth $962,099. 0.28% of the stock is currently owned by company insiders.

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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.

Dividend History for Spirit AeroSystems (NYSE:SPR)

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