Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Paul E. Fulchino sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $92.49, for a total transaction of $1,387,350.00. Following the sale, the director now directly owns 47,234 shares of the company’s stock, valued at $4,368,672.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE SPR opened at $93.58 on Monday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.57 and a quick ratio of 1.06. The firm has a market capitalization of $9.92 billion, a PE ratio of 14.95, a PEG ratio of 1.61 and a beta of 1.28. Spirit AeroSystems Holdings, Inc. has a 1 year low of $64.48 and a 1 year high of $96.77.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Friday, February 1st. The aerospace company reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.07. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Spirit AeroSystems had a net margin of 8.54% and a return on equity of 56.15%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 earnings per share. As a group, research analysts predict that Spirit AeroSystems Holdings, Inc. will post 7.51 earnings per share for the current fiscal year.
A number of brokerages have commented on SPR. ValuEngine cut shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Canaccord Genuity reaffirmed a “buy” rating and set a $95.00 target price (down from $100.00) on shares of Spirit AeroSystems in a report on Monday, December 17th. Credit Suisse Group reaffirmed an “outperform” rating and set a $103.00 target price (up from $96.00) on shares of Spirit AeroSystems in a report on Monday, February 4th. SunTrust Banks upped their target price on shares of Spirit AeroSystems to $96.00 and gave the company an “in-line” rating in a report on Monday, February 4th. Finally, Zacks Investment Research raised shares of Spirit AeroSystems from a “hold” rating to a “strong-buy” rating and set a $89.00 target price for the company in a report on Tuesday, January 15th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $104.23.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning increased its stake in shares of Spirit AeroSystems by 4.6% in the fourth quarter. Creative Planning now owns 4,349 shares of the aerospace company’s stock worth $313,000 after purchasing an additional 190 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Spirit AeroSystems by 66.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. SignalPoint Asset Management LLC grew its stake in Spirit AeroSystems by 3.6% during the fourth quarter. SignalPoint Asset Management LLC now owns 7,896 shares of the aerospace company’s stock valued at $569,000 after acquiring an additional 274 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Spirit AeroSystems by 5.2% during the fourth quarter. IFM Investors Pty Ltd now owns 6,344 shares of the aerospace company’s stock valued at $457,000 after acquiring an additional 313 shares in the last quarter. Finally, First Mercantile Trust Co. grew its stake in Spirit AeroSystems by 43.8% during the fourth quarter. First Mercantile Trust Co. now owns 1,150 shares of the aerospace company’s stock valued at $83,000 after acquiring an additional 350 shares in the last quarter. 96.65% of the stock is owned by hedge funds and other institutional investors.
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Spirit AeroSystems Company Profile
Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through 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 offers related spares and maintenance, repairs, and overhaul (MRO) services.
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