Schroder Investment Management Group trimmed its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 51.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,784 shares of the aerospace company’s stock after selling 10,433 shares during the quarter. Schroder Investment Management Group’s holdings in Spirit AeroSystems were worth $759,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. UBS Asset Management Americas Inc. raised its holdings in shares of Spirit AeroSystems by 1,425.0% in the second quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock worth $130,691,000 after acquiring an additional 2,107,710 shares during the last quarter. Boston Partners raised its holdings 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 last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Spirit AeroSystems in the third quarter worth $52,067,000. Koch Industries Inc. acquired a new position in shares of Spirit AeroSystems in the second quarter worth $524,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Spirit AeroSystems by 79.9% in the third quarter. JPMorgan Chase & Co. now owns 745,016 shares of the aerospace company’s stock worth $57,813,000 after acquiring an additional 330,903 shares during the last quarter. Institutional investors own 96.21% of the company’s stock.
A number of equities analysts have recently weighed in on the company. ValuEngine cut Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Canaccord Genuity reissued a “buy” rating and issued a $86.00 price target on shares of Spirit AeroSystems in a report on Friday, November 17th. Royal Bank of Canada set a $77.00 price target on Spirit AeroSystems and gave the stock a “sell” rating in a report on Sunday, November 12th. Berenberg Bank assumed coverage on Spirit AeroSystems in a report on Tuesday, November 7th. They issued a “buy” rating and a $100.00 price target for the company. Finally, Zacks Investment Research cut Spirit AeroSystems from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $81.68.
Spirit AeroSystems Holdings, Inc. (SPR) traded up $0.77 during trading on Friday, reaching $85.39. The company had a trading volume of 1,069,966 shares, compared to its average volume of 1,206,560. The firm has a market capitalization of $9,795.67, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.50 and a beta of 1.16. Spirit AeroSystems Holdings, Inc. has a 52-week low of $51.85 and a 52-week high of $85.77. 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 (NYSE:SPR) last released its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 earnings per share. equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be paid a $0.10 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.47%. Spirit AeroSystems’s payout ratio is currently 14.08%.
In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction dated 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 directly owns 1,964 shares in the company, valued at $165,231.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was 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 of the company’s stock, valued at $3,269,616.96. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
About Spirit AeroSystems
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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