Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have earned an average recommendation of “Buy” from the twenty-one research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $87.94.

SPR has been the topic of a number of analyst reports. ValuEngine cut Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Jefferies Group upped their target price on Spirit AeroSystems from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, September 28th. Citigroup reaffirmed a “buy” rating and set a $85.00 target price on shares of Spirit AeroSystems in a research note on Tuesday, September 26th. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 target price (up previously from $80.00) on shares of Spirit AeroSystems in a research note on Thursday, September 28th. Finally, Zacks Investment Research raised Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Wednesday, October 11th.

Spirit AeroSystems (NYSE:SPR) traded down $1.09 on Monday, hitting $97.66. The stock had a trading volume of 1,115,141 shares, compared to its average volume of 978,700. The company has a market capitalization of $11,300.00, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. Spirit AeroSystems has a 1 year low of $51.85 and a 1 year high of $99.34. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.56.

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

The company also recently declared a quarterly dividend, which was paid on Monday, January 8th. Investors of record on Monday, December 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Spirit AeroSystems’s payout ratio is 14.08%.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 1,964 shares in the company, valued at $165,231.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Duane F. Hawkins sold 5,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $83.04, for a total value of $415,200.00. Following the sale, the senior vice president now owns 39,374 shares of the company’s stock, valued at approximately $3,269,616.96. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of SPR. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Spirit AeroSystems during the fourth quarter worth $166,000. Raymond James Trust N.A. purchased a new stake in Spirit AeroSystems during the second quarter worth $200,000. Nine Chapters Capital Management LLC purchased a new stake in Spirit AeroSystems during the third quarter worth $218,000. Quantitative Systematic Strategies LLC purchased a new stake in Spirit AeroSystems during the third quarter worth $227,000. Finally, Hillsdale Investment Management Inc. lifted its holdings in Spirit AeroSystems by 23.2% during the second quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock worth $228,000 after buying an additional 740 shares during the period. Institutional investors own 96.18% of the company’s stock.

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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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