Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been assigned an average recommendation of “Buy” from the twenty-one ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $96.12.

SPR has been the topic of several recent research reports. Zacks Investment Research cut Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Seaport Global Securities restated a “buy” rating and issued a $120.00 target price on shares of Spirit AeroSystems in a research note on Thursday, January 18th. ValuEngine upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Berenberg Bank initiated coverage on shares of Spirit AeroSystems in a research note on Tuesday, November 7th. They issued a “buy” rating and a $100.00 target price on the stock. Finally, Royal Bank of Canada set a $100.00 price objective on shares of Spirit AeroSystems and gave the company a “sell” rating in a research report on Tuesday, January 23rd.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $84.13, for a total value of $42,065.00. Following the completion of the transaction, the director now owns 1,964 shares in the company, valued at approximately $165,231.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio bought a new position in Spirit AeroSystems in the 4th quarter worth about $130,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $166,000. LS Investment Advisors LLC acquired a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $208,000. Candriam Luxembourg S.C.A. acquired a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $234,000. Finally, Nine Chapters Capital Management LLC acquired a new stake in Spirit AeroSystems during the third quarter valued at approximately $218,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Spirit AeroSystems (NYSE SPR) traded down $1.32 on Friday, hitting $84.53. The stock had a trading volume of 586,752 shares, compared to its average volume of 1,145,809. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. Spirit AeroSystems has a 52-week low of $51.85 and a 52-week high of $105.20. The stock has a market capitalization of $10,445.47, a PE ratio of 28.00, a PEG ratio of 1.30 and a beta of 1.37.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Friday, February 2nd. The aerospace company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.10. Spirit AeroSystems had a return on equity of 33.80% and a net margin of 5.08%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. analysts forecast that Spirit AeroSystems will post 6.4 earnings per share for the current fiscal year.

Spirit AeroSystems declared that its board has approved a stock repurchase program on Friday, February 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Monday, March 19th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.47%. The ex-dividend date is Friday, March 16th. Spirit AeroSystems’s dividend payout ratio (DPR) is 13.25%.

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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.

Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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