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About Spirit AeroSystems (NYSE:SPR)
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. The Propulsion Systems segment offers struts/pylons; nacelles, including thrust reversers; and related engine structural components primarily to aircraft or engine OEMs, as well as related spares and MRO services. The Wing Systems provides wings and wing components, such as flight control surfaces; and other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services. It also offers low observables comprising radar absorbent and translucent materials; rotorcrafts that include forward cockpits and cabins; and other military services, which comprise fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training. The company was formerly known as Mid-Western Aircraft Systems Holdings, Inc. Spirit AeroSystems Holdings, Inc. was founded in 1927 and is headquartered in Wichita, Kansas.
Industry, Sector and Symbol
Industry Aircraft parts & equipment, not elsewhere classified
Sub-IndustryAerospace & Defense
SectorAerospace
SymbolNYSE:SPR
CUSIP84857410
Phone316-526-9000
Debt
Debt-to-Equity Ratio0.71
Current Ratio1.53
Quick Ratio0.98
Price-To-Earnings
Trailing P/E Ratio16.28
Forward P/E Ratio13.87
P/E Growth1.28
Sales & Book Value
Annual Sales$6.98 billion
Price / Sales1.42
Cash Flow$7.4398 per share
Price / Cash11.71
Book Value$15.74 per share
Price / Book5.53
Profitability
EPS (Most Recent Fiscal Year)$5.35
Net Income$354.90 million
Net Margins4.82%
Return on Equity35.11%
Return on Assets11.27%
Miscellaneous
Employees13,700
Outstanding Shares113,790,000
Spirit AeroSystems (NYSE:SPR) Frequently Asked Questions
What is Spirit AeroSystems' stock symbol?
Spirit AeroSystems trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPR."
How often does Spirit AeroSystems pay dividends? What is the dividend yield for Spirit AeroSystems?
Spirit AeroSystems announced a quarterly dividend on Thursday, April 26th. Shareholders of record on Monday, June 18th will be given a dividend of $0.12 per share on Monday, July 9th. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, June 15th. This is a positive change from Spirit AeroSystems's previous quarterly dividend of $0.10. View Spirit AeroSystems' Dividend History.
How will Spirit AeroSystems' stock buyback program work?
Spirit AeroSystems announced that its Board of Directors has initiated a stock repurchase program on Sunday, February 4th 2018, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.
How were Spirit AeroSystems' earnings last quarter?
Spirit AeroSystems (NYSE:SPR) released its earnings results on Wednesday, May, 2nd. The aerospace company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.35 by $0.25. The aerospace company had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.70 billion. Spirit AeroSystems had a return on equity of 35.11% and a net margin of 4.82%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $1.17 earnings per share. View Spirit AeroSystems' Earnings History.
When is Spirit AeroSystems' next earnings date?
What guidance has Spirit AeroSystems issued on next quarter's earnings?
Spirit AeroSystems issued an update on its FY18 earnings guidance on Wednesday, May, 2nd. The company provided earnings per share (EPS) guidance of $6.25-6.50 for the period, compared to the Thomson Reuters consensus estimate of $6.42. The company issued revenue guidance of $7.1-7.2 billion, compared to the consensus revenue estimate of $7.20 billion.
What price target have analysts set for SPR?
18 analysts have issued 12-month target prices for Spirit AeroSystems' stock. Their forecasts range from $66.00 to $129.00. On average, they anticipate Spirit AeroSystems' share price to reach $98.5556 in the next twelve months. View Analyst Ratings for Spirit AeroSystems.
What are Wall Street analysts saying about Spirit AeroSystems stock?
Here are some recent quotes from research analysts about Spirit AeroSystems stock:
- 1. According to Zacks Investment Research, "Spirit AeroSystems outperformed the broader industry in the last one year. The company is one of the largest independent non-OEM aircraft parts designers. In fact, the company’s focus on executing supply chain strategy, improving productivity and meeting its customers’ requirements for production rate changes is paying off, as well. Spirit AeroSystems’ maintenance of a strong balance sheet and steady cash flow position offers substantial financial flexibility and a cushion for paying dividend and ongoing share repurchases. However, factors like stiff competition and unexpected rise in costs remain major concerns. The company is also highly dependent on the U.S. government for military contracts and any change in the federal government’s budgetary policy could adversely impact the company. Unexpected rise in costs may also reduce its profit margins or cause the company to sustain losses on fixed-price contracts." (3/20/2018)
- 2. Canaccord Genuity analysts commented, "We spent time on the road with management of Spirit AeroSystems (SPR). We believe management remains very confident in the near- and long-term outlook for the company now that it has finalized agreements with both Boeing and Airbus, and much of its financial and operational performance is now directly under its control. We continue to like SPR for its exposure to the 737, and believe that as sentiment on the commercial cycle remains positive, SPR will see a gradual grind higher as it executes to its plan. We are maintaining our BUY rating and our $86 price target." (11/17/2017)
- 3. Cowen Inc analysts commented, "SPR is attractive for extended BA/AB production ramp, improving execution, and." (9/28/2017)
Who are some of Spirit AeroSystems' key competitors?
Who are Spirit AeroSystems' key executives?
Spirit AeroSystems' management team includes the folowing people:
- Mr. Thomas C. Gentile III, Pres, CEO & Director (Age 54)
- Mr. Sanjay Kapoor, Exec. VP & CFO (Age 58)
- Mr. Duane F. Hawkins, Sr. VP and GM of Boeing, Defense, Regional Jet Programs & Global Customer Support (Age 59)
- Ms. Michelle J. Lohmeier, Sr. VP & GM of Airbus Programs (Age 55)
- Mr. John Gilson, Principal Accounting Officer, VP of Fin. & Controller (Age 46)
Has Spirit AeroSystems been receiving favorable news coverage?
Media stories about SPR stock have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Spirit AeroSystems earned a media sentiment score of 0.11 on Accern's scale. They also gave news headlines about the aerospace company an impact score of 45.92 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Spirit AeroSystems' major shareholders?
Spirit AeroSystems' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.78%), Boston Partners (4.52%), LSV Asset Management (4.40%), Scopia Capital Management LP (4.23%), Barrow Hanley Mewhinney & Strauss LLC (3.60%) and Hound Partners LLC (3.19%). Company insiders that own Spirit AeroSystems stock include Charles L Chadwell, Duane F Hawkins, John A Pilla, John L Plueger, Laura Wright, Richard A Gephardt, Robert D Johnson, Samantha J Marnick, Sanjay Kapoor, Stacy Cozad and William Edward Brown. View Institutional Ownership Trends for Spirit AeroSystems.
Which institutional investors are selling Spirit AeroSystems stock?
SPR stock was sold by a variety of institutional investors in the last quarter, including Scopia Capital Management LP, Barrow Hanley Mewhinney & Strauss LLC, Hound Partners LLC, Russell Investments Group Ltd., Marble Arch Investments LP, Prudential Financial Inc., Nuveen Asset Management LLC and KBC Group NV. Company insiders that have sold Spirit AeroSystems company stock in the last year include Charles L Chadwell, Duane F Hawkins, John A Pilla, Richard A Gephardt, Robert D Johnson, Stacy Cozad and William Edward Brown. View Insider Buying and Selling for Spirit AeroSystems.
Which institutional investors are buying Spirit AeroSystems stock?
SPR stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Cannell Peter B & Co. Inc., Old Mutual Global Investors UK Ltd., BNP Paribas Arbitrage SA, Caisse DE Depot ET Placement DU Quebec, BlackRock Inc., Victory Capital Management Inc. and Lord Abbett & CO. LLC. Company insiders that have bought Spirit AeroSystems stock in the last two years include John L Plueger and Laura Wright. View Insider Buying and Selling for Spirit AeroSystems.
How do I buy shares of Spirit AeroSystems?
Shares of SPR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Spirit AeroSystems' stock price today?
One share of SPR stock can currently be purchased for approximately $87.12.
How big of a company is Spirit AeroSystems?
Spirit AeroSystems has a market capitalization of $9.88 billion and generates $6.98 billion in revenue each year. The aerospace company earns $354.90 million in net income (profit) each year or $5.35 on an earnings per share basis. Spirit AeroSystems employs 13,700 workers across the globe.
How can I contact Spirit AeroSystems?
Spirit AeroSystems' mailing address is 3801 SOUTH OLIVER, WICHITA KS, 67210. The aerospace company can be reached via phone at 316-526-9000 or via email at [email protected]
MarketBeat Community Rating for Spirit AeroSystems (SPR)
MarketBeat's community ratings are surveys of what our community members think about Spirit AeroSystems and other stocks. Vote "Outperform" if you believe SPR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SPR will underperform the S&P 500 over the long term. You may vote once every thirty days.
Spirit AeroSystems (NYSE:SPR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
18 Wall Street analysts have issued ratings and price targets for Spirit AeroSystems in the last 12 months. Their average twelve-month price target is $98.5556, suggesting that the stock has a possible upside of 13.13%. The high price target for SPR is $129.00 and the low price target for SPR is $66.00. There are currently 1 sell rating, 4 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.67 | 2.67 | 2.61 | 2.43 |
| Ratings Breakdown: | 1 Sell Rating(s)
4 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
8 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $98.5556 | $99.1111 | $95.0588 | $79.50 |
| Price Target Upside: | 13.13% upside | 22.94% upside | 1.27% upside | 1.52% downside |
Spirit AeroSystems (NYSE:SPR) Consensus Price Target History
Spirit AeroSystems (NYSE:SPR) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Spirit AeroSystems (NYSE:SPR) Dividend Information
Spirit AeroSystems pays an annual dividend of $0.40 per share, with a dividend yield of 0.46%. SPR's next quarterly dividend payment will be made on Monday, July 9. Spirit AeroSystems pays out 7.48% of its earnings out as a dividend.
| Next Dividend: | 7/9/2018 |
| Annual Dividend: | $0.40 |
| Dividend Yield: | 0.46% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 7.48% (Trailing 12 Months of Earnings)
6.37% (Based on This Year's Estimates)
5.50% (Based on Next Year's Estimates)
5.38% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Spirit AeroSystems (NYSE:SPR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/26/2018 | quarterly | $0.12 | 0.6% | 6/15/2018 | 6/18/2018 | 7/9/2018 |
| 1/25/2018 | quarterly | $0.10 | 0.4% | 3/16/2018 | 3/19/2018 | 4/9/2018 |
| 10/26/2017 | quarterly | $0.10 | 0.5% | 12/15/2017 | 12/18/2017 | 1/8/2018 |
| 7/25/2017 | Quarterly | $0.10 | 0.66% | 9/15/2017 | 9/18/2017 | 10/10/2017 |
| 4/27/2017 | quarterly | $0.10 | 0.7% | 6/15/2017 | 6/19/2017 | 7/10/2017 |
| 1/30/2017 | quarterly | $0.10 | 0.67% | 3/16/2017 | 3/20/2017 | 4/10/2017 |
| 11/1/2016 | Quarterly | $0.10 | | 12/15/2016 | 12/19/2016 | 1/9/2017 |
(Data available from 1/1/2013 forward)
Spirit AeroSystems (NYSE SPR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.87%
Institutional Ownership Percentage: 95.69%
Spirit AeroSystems (NYSE SPR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/15/2018 | Laura Wright | Director | Buy | 1,200 | $84.46 | $101,352.00 | 3,187 |  |
| 2/20/2018 | Stacy Cozad | SVP | Sell | 1,100 | $91.47 | $100,617.00 | | |
| 2/15/2018 | William Edward Brown | SVP | Sell | 5,500 | $92.36 | $507,980.00 | 21,664 | |
| 12/1/2017 | Robert D Johnson | Director | Sell | 500 | $84.13 | $42,065.00 | 1,964 | |
| 11/6/2017 | Duane F Hawkins | SVP | Sell | 5,000 | $83.04 | $415,200.00 | 39,374 | |
| 9/14/2017 | Charles L Chadwell | Director | Sell | 6,600 | $76.49 | $504,834.00 | 23,828 | |
| 9/6/2017 | John A Pilla | SVP | Sell | 10,088 | $74.60 | $752,564.80 | 93,258 | |
| 9/1/2017 | Robert D Johnson | Director | Sell | 500 | $74.57 | $37,285.00 | 1,964 | |
| 6/9/2017 | Richard A Gephardt | Director | Sell | 4,247 | $58.00 | $246,326.00 | 1,964 | |
| 6/1/2017 | Robert D Johnson | Director | Sell | 500 | $54.62 | $27,310.00 | 1,964 | |
| 12/13/2016 | John L Plueger | Director | Buy | 2,000 | $59.49 | $118,980.00 | 2,000 | |
| 7/15/2016 | John A Pilla | SVP | Sell | 8,688 | $43.56 | $378,449.28 | 112,721 | |
| 6/27/2016 | Duane F Hawkins | SVP | Sell | 9,923 | $42.09 | $417,659.07 | 37,436 | |
| 6/3/2016 | Samantha J Marnick | CAO | Sell | 22,715 | $46.51 | $1,056,474.65 | 38,125 | |
| 6/1/2016 | Robert D Johnson | Director | Sell | 500 | $46.46 | $23,230.00 | 15,778 | |
| 6/1/2016 | Sanjay Kapoor | CFO | Sell | 25,390 | $46.45 | $1,179,365.50 | 78,709 | |
| 5/17/2016 | Richard A Gephardt | Director | Sell | 6,000 | $46.81 | $280,860.00 | 11,534 | |
| 5/4/2016 | Larry A Lawson | CEO | Sell | 57,000 | $45.81 | $2,611,170.00 | 509,937 | |
| 3/10/2016 | John A Pilla | SVP | Sell | 3,661 | $45.88 | $167,966.68 | 136,260 | |
| 2/16/2016 | Mark Suchinski | VP | Sell | 842 | $45.00 | $37,890.00 | 27,462 | |
| 12/10/2015 | John A Pilla | SVP | Sell | 4,958 | $49.96 | $247,701.68 | 127,824 | |
| 11/2/2015 | Larry A Lawson | CEO | Sell | 34,277 | $55.00 | $1,885,235.00 | 508,252 | |
| 10/30/2015 | Samantha J Marnick | CAO | Sell | 2,000 | $53.10 | $106,200.00 | 60,544 | |
| 10/23/2015 | John A Pilla | SVP | Sell | 6,000 | $51.43 | $308,580.00 | 132,782 | |
| 9/24/2015 | Richard A Gephardt | Director | Sell | 10,000 | $49.55 | $495,500.00 | 13,287 | |
| 9/23/2015 | Samantha J Marnick | CAO | Sell | 8,000 | $49.54 | $396,320.00 | 62,544 | |
| 9/10/2015 | Robert D Johnson | Director | Sell | 1,500 | $51.77 | $77,655.00 | 15,100 | |
| 6/5/2015 | Robert D Johnson | Director | Sell | 1,500 | $55.19 | $82,785.00 | | |
| 5/12/2015 | Jon D Lammers | SVP | Sell | 3,457 | $52.73 | $182,287.61 | | |
| 9/10/2014 | Robert D Johnson | Director | Sell | 1,500 | $39.50 | $59,250.00 | | |
| 8/1/2014 | H David Walker | SVP | Sell | 10,000 | $36.00 | $360,000.00 | | |
| 6/5/2014 | H David Walker | SVP | Sell | 10,000 | $34.00 | $340,000.00 | | |
| 6/5/2014 | Robert D Johnson | Director | Sell | 1,500 | $33.65 | $50,475.00 | | |
| 5/23/2014 | David M Coleal | EVP | Sell | 14,317 | $31.79 | $455,137.43 | | |
| 5/23/2014 | H David Walker | SVP | Sell | 10,000 | $32.00 | $320,000.00 | | |
| 5/23/2014 | Samantha J Marnick | CAO | Sell | 9,031 | $31.87 | $287,817.97 | | |
| 4/7/2014 | Robert Johnson | Director | Sell | 1,500 | $27.07 | $40,605.00 | 19,645 | |
(Data available from 1/1/2013 forward)
Spirit AeroSystems (NYSE SPR) News Headlines
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Spirit AeroSystems (NYSE:SPR) SEC Filings
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Spirit AeroSystems (NYSE:SPR) Income Statement, Balance Sheet and Cash Flow Statement
Spirit AeroSystems (NYSE SPR) Stock Chart for Wednesday, May, 23, 2018
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