Robert D. Johnson Sells 500 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Stock

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Director Robert D. Johnson sold 500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.58, for a total transaction of $39,790.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

SPR traded up $0.92 during trading on Friday, hitting $82.69. 529,113 shares of the stock traded hands, compared to its average volume of 950,156. The firm has a market capitalization of $8.46 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.96 and a quick ratio of 1.42. The firm has a 50-day moving average of $76.55 and a 200 day moving average of $83.74. Spirit AeroSystems Holdings, Inc. has a 12-month low of $64.48 and a 12-month high of $100.34.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Spirit AeroSystems had a net margin of 8.88% and a return on equity of 56.85%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.63 EPS. As a group, equities analysts predict that Spirit AeroSystems Holdings, Inc. will post 6.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, September 13th. This represents a $0.48 annualized dividend and a yield of 0.58%. Spirit AeroSystems’s payout ratio is currently 7.67%.

A number of brokerages have recently issued reports on SPR. Jefferies Financial Group cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and cut their price objective for the company from $106.00 to $85.00 in a research note on Tuesday, July 2nd. SunTrust Banks cut shares of Spirit AeroSystems from a “hold” rating to a “sell” rating and cut their price objective for the company from $93.00 to $75.00 in a research note on Friday, June 14th. Credit Suisse Group cut shares of Spirit AeroSystems from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $101.00 to $83.00 in a research note on Monday, July 15th. Cowen reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Spirit AeroSystems in a research note on Monday, July 8th. Finally, Barclays reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Spirit AeroSystems in a research note on Sunday, August 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $94.43.

A number of institutional investors and hedge funds have recently made changes to their positions in SPR. AQR Capital Management LLC increased its stake in shares of Spirit AeroSystems by 15.5% in the 2nd quarter. AQR Capital Management LLC now owns 5,376,020 shares of the aerospace company’s stock worth $431,748,000 after acquiring an additional 721,914 shares in the last quarter. Scopia Capital Management LP increased its stake in shares of Spirit AeroSystems by 12.5% in the 2nd quarter. Scopia Capital Management LP now owns 2,564,326 shares of the aerospace company’s stock worth $208,659,000 after acquiring an additional 284,043 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Spirit AeroSystems by 6.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,388,071 shares of the aerospace company’s stock worth $194,317,000 after acquiring an additional 143,225 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Spirit AeroSystems by 24.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,842,436 shares of the aerospace company’s stock worth $149,919,000 after acquiring an additional 363,725 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Spirit AeroSystems by 48.3% in the 2nd quarter. Boston Partners now owns 1,703,347 shares of the aerospace company’s stock worth $138,550,000 after acquiring an additional 554,842 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.

Further Reading: Outstanding Shares and The Effect on Share Price

Insider Buying and Selling by Quarter for Spirit AeroSystems (NYSE:SPR)

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