The SVP & GM, Airbus Programs of Spirit AeroSystems (SPR) is Selling Shares


Today, the SVP & GM, Airbus Programs of Spirit AeroSystems (NYSE: SPR), Michelle Lohmeier, sold shares of SPR for $298.6K.

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Based on Spirit AeroSystems’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.84 billion and quarterly net profit of $145 million. In comparison, last year the company earned revenue of $1.83 billion and had a GAAP net loss of $56.8 million. SPR’s market cap is $9.24B and the company has a P/E ratio of 18.30. Currently, Spirit AeroSystems has an average volume of 568.5K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $102.33, reflecting a -14.9% downside. Four different firms, including Merrill Lynch and Buckingham, currently also have a Sell rating on the stock.

The insider sentiment on Spirit AeroSystems has been neutral according to 67 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of commercial aero structures and systems. It operates its business through the following segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces and markets forward, mid, and rear fuselage sections and systems.

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