Spirit Aerosystems Holdings, Inc. (SPR) Stock Rating Upgraded by BidaskClub

Spirit Aerosystems Holdings, Inc. (NYSE:SPR) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

SPR has been the subject of several other research reports. Standpoint Research downgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Barclays PLC boosted their target price on shares of Spirit Aerosystems Holdings from $62.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, March 20th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $74.00 target price on shares of Spirit Aerosystems Holdings in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $62.08.

Analyst Recommendations for Spirit Aerosystems Holdings (NYSE:SPR)

Spirit Aerosystems Holdings (NYSE:SPR) opened at 57.36 on Tuesday. The firm has a market capitalization of $6.92 billion, a PE ratio of 16.17 and a beta of 1.35. Spirit Aerosystems Holdings has a 52-week low of $41.27 and a 52-week high of $62.90. The firm’s 50-day moving average is $55.38 and its 200-day moving average is $57.66.

Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings results on Wednesday, May 3rd. The aerospace company reported $1.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.17. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.67 billion. Spirit Aerosystems Holdings had a return on equity of 28.51% and a net margin of 6.46%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 EPS. On average, analysts anticipate that Spirit Aerosystems Holdings will post $4.79 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Shareholders of record on Monday, June 19th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, June 15th. Spirit Aerosystems Holdings’s dividend payout ratio is presently 11.20%.

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In other Spirit Aerosystems Holdings news, Director Richard A. Gephardt sold 4,247 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $58.00, for a total value of $246,326.00. Following the completion of the transaction, the director now owns 1,964 shares in the company, valued at approximately $113,912. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in Spirit Aerosystems Holdings during the fourth quarter worth $133,000. Focused Wealth Management Inc boosted its position in Spirit Aerosystems Holdings by 68.8% in the first quarter. Focused Wealth Management Inc now owns 2,700 shares of the aerospace company’s stock worth $156,000 after buying an additional 1,100 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Spirit Aerosystems Holdings by 11.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,604 shares of the aerospace company’s stock worth $183,000 after buying an additional 356 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Spirit Aerosystems Holdings by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 3,317 shares of the aerospace company’s stock worth $192,000 after buying an additional 149 shares in the last quarter. Finally, Seven Eight Capital LP bought a new position in Spirit Aerosystems Holdings during the fourth quarter worth $210,000. Hedge funds and other institutional investors own 99.48% of the company’s stock.

About Spirit Aerosystems Holdings

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SPR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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