Spirit AeroSystems Holdings, Inc. (NYSE: SPR) has earned an average “Moderate Buy” recommendation from the twelve research firms covering the firm, Bloomberg Ratings reports. In addition, one analyst has rated the stock with a sell rating, one has given a hold rating, and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $52.80. Several equities analysts recently commented on the stock. Susquehanna dropped its price target on shares of Spirit AeroSystems from $50.00 to $41.00 in a research report on Thursday, August 4th. Robert W. Baird decreased their price objective on shares of Spirit AeroSystems from $53.00 to $43.00 in a research note on Thursday, August 4th. TheStreet downgraded shares of Spirit AeroSystems from a “c-” rating to a “d+” rating in a research note on Wednesday, June 1st.
Truist Financial decreased its target price on shares of Spirit AeroSystems from $70.00 to $60.00 in a research note on Tuesday, July 19th. Finally, Cowen dropped their target price on shares of Spirit AeroSystems from $70.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday, August 8th. Shares of NYSE: SPR opened at $29.78 on Monday. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -7.60, and a beta of 1.70. The firm’s 50-day simple moving average is $31.95, and its 200-day simple moving average is $36.22. The company has a quick ratio of 0.86, a current ratio of 1.47, and a debt-to-equity ratio of 15.16. Spirit AeroSystems has a fifty-two-week low of $26.18 and a fifty-two-week high of $53.31.
Spirit AeroSystems (NYSE: SPR) last announced its earnings results on Wednesday, August 3rd. The aerospace company reported ($1.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($1.00). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. Spirit AeroSystems had a negative return on equity of 88.69% and a negative net margin of 9.12%. The business’s revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.31) EPS. As a group, equities research analysts predict that Spirit AeroSystems will post -1.91 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. On Monday, September 12th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Friday, September 9th. Spirit AeroSystems’s dividend payout ratio (DPR) is -1.02%. Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPR. Price T Rowe Associates Inc. MD boosted its stake in Spirit AeroSystems by 6,821.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,591,729 shares of the aerospace company’s stock worth $134,538,000 after buying an additional 4,525,393 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Spirit AeroSystems by 36,482.5% during the fourth quarter.
Marshall Wace LLP now owns 3,281,450 shares of the aerospace company’s stock, valued at $141,395,000, after acquiring an additional 3,272,480 shares. Point72 Asset Management L.P. lifted its holdings in shares of Spirit AeroSystems by 116.9% during the second quarter. Point72 Asset Management L.P. now owns 2,675,348 shares of the aerospace company’s stock, valued at $78,388,000, after acquiring an additional 1,442,047 shares. Assenagon Asset Management S.A. bought a new position in shares of Spirit AeroSystems during the first quarter, valued at $30,323,000. Finally, Woodline Partners LP purchased a new position in shares of Spirit AeroSystems during the fourth quarter, valued at $19,757,000. Institutional investors own 83.73% of the company’s stock.
Spirit AeroSystems Holdings, Inc designs, manufactures, and markets commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, struts/pylons, nacelles, related engine structural components, and wings and wing elements, including flight control surfaces and other structural parts.