Spirit AeroSystems Holdings, Inc. (NYSE:SPR)’s stock price traded down 5.9% on Friday . The company traded as low as $78.42 and last traded at $78.61. 38,032 shares changed hands during trading, a decline of 94% from the average session volume of 627,843 shares. The stock had previously closed at $83.52.

A number of analysts recently weighed in on the stock. SunTrust Banks cut shares of Spirit AeroSystems from a “hold” rating to a “sell” rating and reduced their target price for the stock from $93.00 to $75.00 in a report on Friday. Zacks Investment Research upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Cowen restated a “hold” rating and set a $93.00 target price on shares of Spirit AeroSystems in a report on Wednesday, May 1st. Canaccord Genuity cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $100.00 to $92.00 in a report on Monday, April 8th. Finally, Barclays restated a “buy” rating on shares of Spirit AeroSystems in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $99.72.

The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.53 and a beta of 1.36. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 1.71.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.01. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Spirit AeroSystems had a net margin of 8.78% and a return on equity of 63.36%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. As a group, sell-side analysts forecast that Spirit AeroSystems Holdings, Inc. will post 7.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Monday, June 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Friday, June 14th. Spirit AeroSystems’s dividend payout ratio is 7.67%.

In related news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $79.95, for a total value of $39,975.00. Following the completion of the transaction, the director now owns 2,925 shares of the company’s stock, valued at approximately $233,853.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in Spirit AeroSystems by 5.8% in the 1st quarter. AQR Capital Management LLC now owns 4,654,106 shares of the aerospace company’s stock worth $425,944,000 after purchasing an additional 255,883 shares during the period. Goldman Sachs Group Inc. boosted its stake in Spirit AeroSystems by 100.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,620,026 shares of the aerospace company’s stock worth $148,281,000 after purchasing an additional 812,131 shares during the period. TPG Group Holdings SBS Advisors Inc. boosted its stake in Spirit AeroSystems by 6.1% in the 1st quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,196,753 shares of the aerospace company’s stock worth $109,539,000 after purchasing an additional 69,200 shares during the period. Geode Capital Management LLC boosted its stake in Spirit AeroSystems by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 1,113,218 shares of the aerospace company’s stock worth $80,201,000 after purchasing an additional 158,183 shares during the period. Finally, Voya Investment Management LLC boosted its stake in Spirit AeroSystems by 24.8% in the 1st quarter. Voya Investment Management LLC now owns 981,195 shares of the aerospace company’s stock worth $89,808,000 after purchasing an additional 194,984 shares during the period. 96.61% of the stock is owned by hedge funds and other institutional investors.

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Spirit AeroSystems Company Profile (NYSE:SPR)

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and related spares, as well as maintenance, repairs, and overhaul (MRO) services.

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