Spirit Aerosystems Holdings (SPR) Getting Favorable Press Coverage, Report Finds
News articles about Spirit Aerosystems Holdings (NYSE:SPR) have been trending positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Spirit Aerosystems Holdings earned a media sentiment score of 0.32 on Accern’s scale. Accern also assigned media headlines about the aerospace company an impact score of 47.3585217385318 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Bowling Portfolio Management LLC Buys Merck Inc, Micron Technology Inc, Thor Industries Inc, … (nasdaq.com)
- Spirit AeroSystems Develops and Licenses Patented Inspection Device to NDT Solutions (finance.yahoo.com)
- Spirit AeroSystems adds to aftermarket services with new work on Airbus jets (finance.yahoo.com)
- Is It The Right Time To Invest In Raytheon Stock? (benzinga.com)
- Spirit AeroSystems forecasts $2 billion in growth with fabrication and defense (bizjournals.com)
Several brokerages recently issued reports on SPR. Cowen and Company reiterated a “buy” rating and issued a $69.00 price target on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 2nd. Citigroup Inc. reiterated a “buy” rating and issued a $91.00 price target (up from $85.00) on shares of Spirit Aerosystems Holdings in a report on Monday, October 9th. Credit Suisse Group reiterated an “outperform” rating and issued a $80.00 price target (up from $74.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, August 3rd. ValuEngine upgraded Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, BidaskClub downgraded Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Spirit Aerosystems Holdings presently has an average rating of “Hold” and a consensus target price of $76.17.
Spirit Aerosystems Holdings (NYSE SPR) opened at 79.07 on Wednesday. The company has a market cap of $9.36 billion, a PE ratio of 28.39 and a beta of 1.36. The stock’s 50 day moving average is $76.90 and its 200 day moving average is $63.78. Spirit Aerosystems Holdings has a 12 month low of $45.65 and a 12 month high of $80.20.
Spirit Aerosystems Holdings (NYSE:SPR) last posted its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.37. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The business’s revenue was down .2% compared to the same quarter last year. Equities analysts predict that Spirit Aerosystems Holdings will post $5.24 earnings per share for the current year.
Spirit Aerosystems Holdings announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the aerospace company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Monday, September 18th were given a dividend of $0.10 per share. The ex-dividend date was Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is currently 14.60%.
In other Spirit Aerosystems Holdings news, SVP John A. Pilla sold 10,088 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total value of $752,564.80. Following the transaction, the senior vice president now directly owns 93,258 shares in the company, valued at $6,957,046.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charles L. Chadwell sold 6,600 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the completion of the transaction, the director now owns 23,828 shares in the company, valued at $1,822,603.72. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.
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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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