Spirit AeroSystems (SPR) Upgraded by Standpoint Research to “Buy”

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Standpoint Research upgraded shares of Spirit AeroSystems (NYSE:SPR) from a hold rating to a buy rating in a research report sent to investors on Friday, The Fly reports.

Other equities analysts have also issued reports about the company. Cowen reissued a buy rating and set a $100.00 price objective on shares of Spirit AeroSystems in a report on Wednesday, August 1st. Zacks Investment Research raised Spirit AeroSystems from a hold rating to a buy rating and set a $96.00 price objective for the company in a report on Tuesday, July 10th. UBS Group began coverage on Spirit AeroSystems in a report on Wednesday, August 15th. They set a buy rating and a $110.00 price objective for the company. Credit Suisse Group reduced their price objective on Spirit AeroSystems from $112.00 to $102.00 and set an outperform rating for the company in a report on Thursday, August 2nd. Finally, ValuEngine raised Spirit AeroSystems from a hold rating to a buy rating in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. Spirit AeroSystems presently has a consensus rating of Buy and a consensus target price of $103.88.

Shares of SPR stock traded up $0.76 during trading on Friday, hitting $83.84. The company’s stock had a trading volume of 1,025,094 shares, compared to its average volume of 1,088,534. Spirit AeroSystems has a 52 week low of $76.00 and a 52 week high of $105.20. The firm has a market cap of $9.76 billion, a PE ratio of 15.67, a P/E/G ratio of 1.36 and a beta of 1.26. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 1.95.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, August 1st. The aerospace company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.12. Spirit AeroSystems had a return on equity of 39.74% and a net margin of 7.68%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the company earned $1.57 earnings per share. Spirit AeroSystems’s revenue was up .6% compared to the same quarter last year. On average, research analysts expect that Spirit AeroSystems will post 6.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 9th. Shareholders of record on Monday, September 17th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. Spirit AeroSystems’s dividend payout ratio is currently 8.97%.

In other Spirit AeroSystems news, Director Charles L. Chadwell sold 11,500 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $87.33, for a total transaction of $1,004,295.00. Following the sale, the director now owns 13,821 shares in the company, valued at $1,206,987.93. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $85.37, for a total value of $42,685.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,920 shares of company stock worth $1,644,796. Company insiders own 0.87% of the company’s stock.

Several large investors have recently bought and sold shares of SPR. Mount Yale Investment Advisors LLC purchased a new stake in shares of Spirit AeroSystems in the first quarter worth $101,000. Atria Investments LLC purchased a new stake in Spirit AeroSystems during the second quarter valued at about $201,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Spirit AeroSystems during the second quarter valued at about $222,000. Point72 Asia Hong Kong Ltd purchased a new stake in Spirit AeroSystems during the first quarter valued at about $232,000. Finally, Narwhal Capital Management purchased a new stake in Spirit AeroSystems during the second quarter valued at about $260,000.

About Spirit AeroSystems

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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Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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