Spirit AeroSystems (NYSE:SPR) posted its quarterly earnings data on Friday. The aerospace company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.22 by $0.10, Bloomberg Earnings reports. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. Spirit AeroSystems’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. Spirit AeroSystems updated its FY18 guidance to $6.25-6.50 EPS.

Shares of Spirit AeroSystems (NYSE:SPR) traded down $9.06 during trading on Friday, reaching $93.87. 2,696,950 shares of the company’s stock were exchanged, compared to its average volume of 989,114. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. Spirit AeroSystems has a twelve month low of $51.85 and a twelve month high of $105.20. The firm has a market cap of $10,853.63, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.48 and a beta of 1.37.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Spirit AeroSystems’s payout ratio is 13.25%.

SPR has been the subject of several recent analyst reports. ValuEngine upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada set a $77.00 price objective on shares of Spirit AeroSystems and gave the stock a “sell” rating in a research note on Sunday, November 12th. Canaccord Genuity reiterated a “buy” rating and set a $86.00 price objective on shares of Spirit AeroSystems in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Wednesday, January 10th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $85.00 price target (up previously from $78.00) on shares of Spirit AeroSystems in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. Spirit AeroSystems currently has an average rating of “Buy” and a consensus price target of $94.28.

Spirit AeroSystems declared that its Board of Directors has initiated a share buyback plan on Friday, February 2nd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In other news, SVP Duane F. Hawkins sold 5,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $83.04, for a total value of $415,200.00. Following the sale, the senior vice president now owns 39,374 shares in the company, valued at $3,269,616.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $84.13, for a total transaction of $42,065.00. Following the completion of the sale, the director now owns 1,964 shares in the company, valued at approximately $165,231.32. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. LSV Asset Management increased its stake in shares of Spirit AeroSystems by 19.5% in the fourth quarter. LSV Asset Management now owns 5,080,842 shares of the aerospace company’s stock worth $443,303,000 after acquiring an additional 827,943 shares during the period. Boston Partners increased its stake in shares of Spirit AeroSystems by 74.5% in the third quarter. Boston Partners now owns 4,230,462 shares of the aerospace company’s stock worth $328,791,000 after acquiring an additional 1,806,228 shares during the period. State Street Corp increased its stake in shares of Spirit AeroSystems by 2.2% in the second quarter. State Street Corp now owns 2,083,909 shares of the aerospace company’s stock worth $120,738,000 after acquiring an additional 44,802 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Spirit AeroSystems by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 924,139 shares of the aerospace company’s stock worth $53,542,000 after acquiring an additional 39,300 shares during the period. Finally, FMR LLC boosted its holdings in Spirit AeroSystems by 33.9% during the second quarter. FMR LLC now owns 796,187 shares of the aerospace company’s stock worth $46,131,000 after buying an additional 201,666 shares in the last quarter. Hedge funds and other institutional investors own 96.47% of the company’s stock.

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Spirit AeroSystems 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.

Earnings History for Spirit AeroSystems (NYSE:SPR)

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