FDx Advisors Inc. lifted its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 91.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,979 shares of the aerospace company’s stock after purchasing an additional 3,328 shares during the period. FDx Advisors Inc.’s holdings in Spirit AeroSystems were worth $542,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of SPR. Nomura Asset Management Co. Ltd. boosted its position in shares of Spirit AeroSystems by 9.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 160 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in Spirit AeroSystems during the 2nd quarter worth $200,000. State of Alaska Department of Revenue raised its stake in Spirit AeroSystems by 6.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock worth $205,000 after buying an additional 222 shares during the period. Parametrica Management Ltd acquired a new stake in Spirit AeroSystems during the 2nd quarter worth $217,000. Finally, Nine Chapters Capital Management LLC acquired a new stake in Spirit AeroSystems during the 3rd quarter worth $218,000. Institutional investors and hedge funds own 96.21% of the company’s stock.
Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded up $1.03 during trading hours on Monday, hitting $84.00. The stock had a trading volume of 1,708,866 shares, compared to its average volume of 1,031,998. Spirit AeroSystems Holdings, Inc. has a 12 month low of $51.85 and a 12 month high of $84.96. The company has a market capitalization of $9,593.32, a PE ratio of 16.97, a PEG ratio of 1.47 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 data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. analysts forecast that Spirit AeroSystems Holdings, Inc. will post 5.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Monday, December 18th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.48%. Spirit AeroSystems’s dividend payout ratio is currently 14.08%.
In other Spirit AeroSystems news, Director Charles L. Chadwell sold 6,600 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the completion of the transaction, the director now directly owns 23,828 shares in the company, valued at $1,822,603.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John A. Pilla sold 10,088 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total transaction of $752,564.80. Following the transaction, the senior vice president now owns 93,258 shares of the company’s stock, valued at $6,957,046.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,688 shares of company stock valued at $1,672,599. Company insiders own 0.28% of the company’s stock.
Several brokerages recently commented on SPR. Berenberg Bank began coverage on Spirit AeroSystems in a research note on Tuesday, November 7th. They set a “buy” rating and a $100.00 price objective on the stock. Zacks Investment Research downgraded Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and issued a $86.00 price target on shares of Spirit AeroSystems in a research note on Friday, November 17th. Royal Bank Of Canada set a $77.00 price target on Spirit AeroSystems and gave the company a “sell” rating in a research note on Sunday, November 12th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $85.00 price target (up previously from $78.00) on shares of Spirit AeroSystems in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $79.95.
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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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