Lockheed Martin Investment Management Co. lifted its stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 30.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,000 shares of the aerospace company’s stock after purchasing an additional 6,000 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Spirit Aerosystems Holdings were worth $2,021,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of SPR. Boston Partners acquired a new stake in shares of Spirit Aerosystems Holdings in the second quarter valued at approximately $140,460,000. UBS Asset Management Americas Inc. increased its holdings in shares of Spirit Aerosystems Holdings 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 valued at $130,691,000 after purchasing an additional 2,107,710 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Spirit Aerosystems Holdings in the third quarter valued at approximately $52,067,000. Koch Industries Inc. acquired a new stake in shares of Spirit Aerosystems Holdings in the second quarter valued at approximately $524,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Spirit Aerosystems Holdings in the second quarter valued at approximately $21,437,000. 99.59% of the stock is owned by hedge funds and other institutional investors.
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Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) traded down $0.45 during midday trading on Tuesday, hitting $80.25. The stock had a trading volume of 823,600 shares, compared to its average volume of 1,008,420. Spirit Aerosystems Holdings, Inc. has a twelve month low of $51.85 and a twelve month high of $84.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. The firm has a market capitalization of $9,330.86, a PE ratio of 16.50, a PEG ratio of 1.43 and a beta of 1.16.
Spirit Aerosystems Holdings (NYSE:SPR) last issued its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.26. Spirit Aerosystems Holdings had a return on equity of 31.14% and a net margin of 4.98%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. analysts expect that Spirit Aerosystems Holdings, Inc. will post 5.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. Spirit Aerosystems Holdings’s payout ratio is presently 14.08%.
Spirit Aerosystems Holdings declared that its board has initiated a share buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the aerospace company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Several research firms recently commented on SPR. Berenberg Bank began coverage on Spirit Aerosystems Holdings in a report on Tuesday, November 7th. They issued a “buy” rating and a $100.00 price target for the company. Zacks Investment Research cut Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Royal Bank Of Canada set a $77.00 price target on Spirit Aerosystems Holdings and gave the company a “sell” rating in a report on Sunday. Canaccord Genuity reaffirmed a “buy” rating and issued a $86.00 price target on shares of Spirit Aerosystems Holdings in a report on Tuesday, October 31st. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $85.00 price target (up previously from $78.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Spirit Aerosystems Holdings presently has an average rating of “Hold” and an average price target of $79.95.
In related news, SVP John A. Pilla sold 10,088 shares of Spirit Aerosystems Holdings stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total value of $752,564.80. Following the completion of the transaction, the senior vice president now directly owns 93,258 shares in the company, valued at $6,957,046.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Duane F. Hawkins sold 5,000 shares of Spirit Aerosystems Holdings 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 completion of the transaction, 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. Insiders sold 21,688 shares of company stock valued at $1,672,599 over the last ninety days. Insiders own 0.28% of the company’s stock.
Spirit Aerosystems Holdings 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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