Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have been given an average rating of “Hold” by the nineteen brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $59.92.
A number of research firms have weighed in on SPR. Credit Suisse Group AG restated a “buy” rating and issued a $74.00 price target on shares of Spirit AeroSystems Holdings in a research note on Friday, May 5th. Standpoint Research cut Spirit AeroSystems Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Finally, Barclays PLC raised their price target on Spirit AeroSystems Holdings from $62.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, March 20th.
Shares of Spirit AeroSystems Holdings (NYSE SPR) traded up 0.40% on Friday, reaching $57.27. The company had a trading volume of 1,705,082 shares. The company has a market capitalization of $6.91 billion, a P/E ratio of 16.15 and a beta of 1.33. The company has a 50 day moving average of $55.32 and a 200-day moving average of $57.66. Spirit AeroSystems Holdings has a 52 week low of $41.27 and a 52 week high of $62.90.
Spirit AeroSystems Holdings (NYSE:SPR) last posted its quarterly earnings results on Wednesday, May 3rd. The aerospace company reported $1.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.17. Spirit AeroSystems Holdings had a return on equity of 29.36% and a net margin of 6.91%. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned $1.29 earnings per share. Spirit AeroSystems Holdings’s quarterly revenue was up .7% on a year-over-year basis. Analysts predict that Spirit AeroSystems Holdings will post $4.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Investors of record on Monday, June 19th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, June 15th. Spirit AeroSystems Holdings’s dividend payout ratio (DPR) is presently 10.84%.
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A number of institutional investors have recently modified their holdings of SPR. Vanguard Group Inc. boosted its position in shares of Spirit AeroSystems Holdings by 5.6% in the first quarter. Vanguard Group Inc. now owns 11,549,361 shares of the aerospace company’s stock valued at $668,939,000 after buying an additional 616,129 shares during the period. BlackRock Inc. raised its stake in shares of Spirit AeroSystems Holdings by 11,339.0% in the first quarter. BlackRock Inc. now owns 6,131,965 shares of the aerospace company’s stock worth $355,164,000 after buying an additional 6,078,359 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Spirit AeroSystems Holdings by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,008,637 shares of the aerospace company’s stock worth $290,100,000 after buying an additional 305,946 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Spirit AeroSystems Holdings by 12.7% in the first quarter. AQR Capital Management LLC now owns 3,883,585 shares of the aerospace company’s stock worth $224,937,000 after buying an additional 436,784 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Spirit AeroSystems Holdings by 11.1% in the first quarter. Wells Fargo & Company MN now owns 3,695,032 shares of the aerospace company’s stock worth $214,016,000 after buying an additional 369,308 shares in the last quarter.
Spirit AeroSystems Holdings 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.
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