The Manufacturers Life Insurance Company Increases Holdings in Spirit AeroSystems Holdings, Inc. (SPR)

The Manufacturers Life Insurance Company raised its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 19.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,422 shares of the aerospace company’s stock after purchasing an additional 705 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Spirit AeroSystems were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPR. Homrich & Berg lifted its position in shares of Spirit AeroSystems by 0.5% during the second quarter. Homrich & Berg now owns 7,325 shares of the aerospace company’s stock worth $424,000 after acquiring an additional 38 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Spirit AeroSystems by 2.3% during the second quarter. Teacher Retirement System of Texas now owns 9,750 shares of the aerospace company’s stock worth $565,000 after acquiring an additional 222 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Spirit AeroSystems by 6.5% during the second quarter. D.A. Davidson & CO. now owns 5,498 shares of the aerospace company’s stock worth $318,000 after acquiring an additional 336 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Spirit AeroSystems by 8.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,501 shares of the aerospace company’s stock worth $261,000 after acquiring an additional 369 shares in the last quarter. Finally, Global X Management Co. LLC lifted its position in shares of Spirit AeroSystems by 3.0% during the second quarter. Global X Management Co. LLC now owns 17,362 shares of the aerospace company’s stock worth $1,006,000 after acquiring an additional 511 shares in the last quarter. 96.21% of the stock is owned by institutional investors and hedge funds.

SPR has been the topic of several recent research reports. Buckingham Research increased their target price on Spirit AeroSystems from $53.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, September 28th. Canaccord Genuity restated a “buy” rating and set a $86.00 target price on shares of Spirit AeroSystems in a research report on Tuesday, October 31st. Royal Bank Of Canada set a $77.00 target price on Spirit AeroSystems and gave the stock a “sell” rating in a research report on Sunday, November 12th. Cowen restated an “outperform” rating and set a $88.00 target price (up previously from $79.00) on shares of Spirit AeroSystems in a research report on Thursday, September 28th. Finally, Goldman Sachs Group upgraded Spirit AeroSystems from a “sell” rating to a “neutral” rating and increased their target price for the stock from $54.00 to $68.00 in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $80.95.

Shares of Spirit AeroSystems Holdings, Inc. (NYSE SPR) traded up $1.40 during mid-day trading on Thursday, hitting $83.64. The company had a trading volume of 1,058,600 shares, compared to its average volume of 1,031,973. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. Spirit AeroSystems Holdings, Inc. has a one year low of $51.85 and a one year high of $84.96. The stock has a market capitalization of $9,670.00, a P/E ratio of 16.82, a PEG ratio of 1.45 and a beta of 1.16.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) 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 company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the business posted $1.16 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post 5.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be given a $0.10 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 14.08%.

In related news, Director Robert D. Johnson sold 500 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $84.13, for a total value of $42,065.00. Following the transaction, the director now owns 1,964 shares of the company’s stock, valued at $165,231.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of the 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 directly owns 39,374 shares in the company, valued at approximately $3,269,616.96. The disclosure for this sale can be found here. Insiders sold 12,100 shares of company stock worth $962,099 in the last quarter. 0.28% of the stock is currently owned by company insiders.

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Spirit AeroSystems 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.

Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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