First Manhattan Co. lowered its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 413,681 shares of the aerospace company’s stock after selling 12,000 shares during the period. First Manhattan Co. owned about 0.36% of Spirit AeroSystems worth $36,093,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in SPR. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Spirit AeroSystems during the fourth quarter valued at $166,000. Nine Chapters Capital Management LLC purchased a new position in shares of Spirit AeroSystems during the third quarter valued at $218,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Spirit AeroSystems during the third quarter valued at $227,000. Hillsdale Investment Management Inc. increased its stake in shares of Spirit AeroSystems by 23.2% during the second quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock valued at $228,000 after buying an additional 740 shares during the period. Finally, Commonwealth Equity Services Inc purchased a new position in shares of Spirit AeroSystems during the third quarter valued at $228,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.
Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) opened at $100.05 on Tuesday. Spirit AeroSystems Holdings, Inc. has a 52 week low of $51.85 and a 52 week high of $100.08. The firm has a market capitalization of $11,570.00, a PE ratio of 35.23, a PEG ratio of 1.56 and a beta of 1.16. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60.
Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.26. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. research analysts forecast that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Monday, December 18th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. Spirit AeroSystems’s payout ratio is 14.08%.
In related news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems 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 owns 1,964 shares of the company’s stock, valued at $165,231.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Duane F. Hawkins sold 5,000 shares of Spirit AeroSystems 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 directly owns 39,374 shares of the company’s stock, valued at approximately $3,269,616.96. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.
SPR has been the topic of several research reports. Canaccord Genuity restated a “buy” rating and set a $86.00 price target on shares of Spirit AeroSystems in a research note on Tuesday, October 31st. Buckingham Research lifted their target price on Spirit AeroSystems from $53.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, September 28th. Royal Bank of Canada set a $77.00 target price on Spirit AeroSystems and gave the company a “sell” rating in a research note on Sunday, November 12th. Cowen reiterated an “outperform” rating and issued a $88.00 target price (up previously from $79.00) on shares of Spirit AeroSystems in a research note on Thursday, September 28th. Finally, Zacks Investment Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $89.00.
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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.
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