Mitsubishi UFJ Trust & Banking Corp Reduces Position in Spirit AeroSystems Holdings, Inc. (SPR)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 63.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,889 shares of the aerospace company’s stock after selling 149,160 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Spirit AeroSystems worth $7,873,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SPR. Truvestments Capital LLC bought a new position in Spirit AeroSystems during the 3rd quarter worth $154,000. Raymond James Financial Services Advisors Inc. bought a new position in Spirit AeroSystems during the 2nd quarter worth $222,000. Global Financial Private Capital LLC bought a new position in Spirit AeroSystems during the 2nd quarter worth $329,000. M Holdings Securities Inc. bought a new position in Spirit AeroSystems during the 2nd quarter worth $346,000. Finally, Strs Ohio increased its stake in Spirit AeroSystems by 257.8% during the 2nd quarter. Strs Ohio now owns 5,177 shares of the aerospace company’s stock worth $444,000 after acquiring an additional 3,730 shares during the period. Hedge funds and other institutional investors own 96.74% of the company’s stock.

In other news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $82.90, for a total value of $41,450.00. Following the transaction, the director now owns 1,493 shares in the company, valued at approximately $123,769.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John A. Pilla sold 9,642 shares of Spirit AeroSystems stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $84.01, for a total value of $810,024.42. Following the completion of the transaction, the senior vice president now owns 21,866 shares in the company, valued at approximately $1,836,962.66. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Shares of SPR opened at $75.42 on Friday. Spirit AeroSystems Holdings, Inc. has a 52-week low of $74.97 and a 52-week high of $105.20. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.06 and a current ratio of 1.57. The firm has a market capitalization of $8.22 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Wednesday, October 31st. The aerospace company reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.07. Spirit AeroSystems had a return on equity of 46.86% and a net margin of 7.92%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the company posted $1.26 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post 6.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Monday, December 17th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.64%. Spirit AeroSystems’s payout ratio is 8.97%.

A number of equities analysts have commented on SPR shares. UBS Group started coverage on Spirit AeroSystems in a research note on Wednesday, August 15th. They set a “buy” rating and a $110.00 price objective on the stock. Standpoint Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Wells Fargo & Co set a $105.00 price objective on Spirit AeroSystems and gave the stock a “buy” rating in a research note on Thursday, November 1st. Credit Suisse Group raised their price objective on Spirit AeroSystems from $102.00 to $103.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Finally, Bank of America upgraded Spirit AeroSystems from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $105.00 in a research note on Thursday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. Spirit AeroSystems presently has a consensus rating of “Buy” and a consensus price target of $106.27.

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Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and offers related spares and maintenance, repairs, and overhaul (MRO) services.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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