Spirit Aerosystems Holdings, Inc. (NYSE:SPR) was upgraded by investment analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports.
SPR has been the subject of several other reports. Cowen and Company restated a “buy” rating and set a $69.00 target price on shares of Spirit Aerosystems Holdings in a report on Wednesday. UBS AG raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Tuesday, May 9th. BidaskClub lowered Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and issued a $68.00 target price on shares of Spirit Aerosystems Holdings in a research report on Tuesday, July 25th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $66.00 target price (down previously from $67.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $63.33.
Shares of Spirit Aerosystems Holdings (NYSE:SPR) opened at 71.72 on Thursday. The company has a 50-day moving average price of $58.97 and a 200 day moving average price of $57.64. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 20.22 and a beta of 1.36. Spirit Aerosystems Holdings has a 1-year low of $42.26 and a 1-year high of $72.89.
Spirit Aerosystems Holdings (NYSE:SPR) last announced its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.36. Spirit Aerosystems Holdings had a return on equity of 28.51% and a net margin of 6.46%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company earned $1.21 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Spirit Aerosystems Holdings will post $4.86 EPS for the current year.
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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 on Friday, June 9th. The shares were sold at an average price of $58.00, for a total value of $246,326.00. Following the sale, the director now directly owns 1,964 shares of the company’s stock, valued at $113,912. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Denali Advisors LLC purchased a new stake in Spirit Aerosystems Holdings during the first quarter valued at about $1,929,000. Breton Hill Capital Ltd. raised its position in shares of Spirit Aerosystems Holdings by 12.4% in the first quarter. Breton Hill Capital Ltd. now owns 17,517 shares of the aerospace company’s stock worth $1,015,000 after buying an additional 1,932 shares in the last quarter. M&T Bank Corp raised its position in shares of Spirit Aerosystems Holdings by 4.8% in the first quarter. M&T Bank Corp now owns 4,530 shares of the aerospace company’s stock worth $261,000 after buying an additional 207 shares in the last quarter. Lockheed Martin Investment Management Co. raised its position in shares of Spirit Aerosystems Holdings by 66.7% in the first quarter. Lockheed Martin Investment Management Co. now owns 20,000 shares of the aerospace company’s stock worth $1,158,000 after buying an additional 8,000 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Spirit Aerosystems Holdings by 10.7% in the first quarter. KBC Group NV now owns 302,915 shares of the aerospace company’s stock worth $17,545,000 after buying an additional 29,164 shares in the last quarter. 98.20% of the stock is currently owned by institutional investors.
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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