Insider Selling: Spirit AeroSystems Holdings, Inc. (SPR) Director Sells 500 Shares of Stock
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $84.13, for a total value of $42,065.00. Following the sale, the director now directly owns 1,964 shares in the company, valued at $165,231.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded down $1.76 on Tuesday, hitting $82.24. The stock had a trading volume of 999,665 shares, compared to its average volume of 1,031,859. The firm has a market cap of $9,593.32, a P/E ratio of 16.97, a P/E/G ratio of 1.47 and a beta of 1.16. 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 Holdings, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $84.96.
Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, hitting the consensus estimate of $1.26. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company posted $1.16 EPS. Spirit AeroSystems’s revenue was up 2.2% on a year-over-year basis. sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, December 15th. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 14.08%.
Hedge funds have recently bought and sold shares of the stock. Raymond James Trust N.A. bought a new position in Spirit AeroSystems in the 2nd quarter worth approximately $200,000. Nine Chapters Capital Management LLC bought a new position in Spirit AeroSystems in the 3rd quarter worth approximately $218,000. Quantitative Systematic Strategies LLC bought a new position in Spirit AeroSystems in the 3rd quarter worth approximately $227,000. Hillsdale Investment Management Inc. raised its position in Spirit AeroSystems by 23.2% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 740 shares during the last quarter. Finally, Commonwealth Equity Services Inc bought a new position in Spirit AeroSystems in the 3rd quarter worth approximately $228,000. Hedge funds and other institutional investors own 96.21% of the company’s stock.
A number of equities research analysts have weighed in on SPR shares. Buckingham Research lifted their price objective on Spirit AeroSystems from $53.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, September 28th. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 price objective on shares of Spirit AeroSystems in a report on Tuesday, October 31st. Royal Bank Of Canada set a $77.00 price objective on Spirit AeroSystems and gave the company a “sell” rating in a report on Sunday, November 12th. Cowen reaffirmed an “outperform” rating and set a $88.00 price objective (up from $79.00) on shares of Spirit AeroSystems in a report on Thursday, September 28th. Finally, Goldman Sachs Group raised Spirit AeroSystems from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $54.00 to $68.00 in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $79.95.
About Spirit AeroSystems
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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