Crossmark Global Holdings Inc. bought a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,560 shares of the aerospace company’s stock, valued at approximately $432,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Regentatlantic Capital LLC grew its holdings in Spirit AeroSystems by 10.2% in the 3rd quarter. Regentatlantic Capital LLC now owns 14,228 shares of the aerospace company’s stock valued at $1,106,000 after buying an additional 1,317 shares during the last quarter. First Trust Advisors LP grew its holdings in Spirit AeroSystems by 6.0% in the 3rd quarter. First Trust Advisors LP now owns 405,071 shares of the aerospace company’s stock valued at $31,482,000 after buying an additional 22,929 shares during the last quarter. Raymond James Trust N.A. grew its holdings in Spirit AeroSystems by 51.9% in the 3rd quarter. Raymond James Trust N.A. now owns 5,254 shares of the aerospace company’s stock valued at $408,000 after buying an additional 1,795 shares during the last quarter. APG Asset Management N.V. acquired a new stake in Spirit AeroSystems in the 3rd quarter valued at approximately $13,212,000. Finally, Fisher Asset Management LLC grew its holdings in Spirit AeroSystems by 839.5% in the 3rd quarter. Fisher Asset Management LLC now owns 138,680 shares of the aerospace company’s stock valued at $10,778,000 after buying an additional 123,919 shares during the last quarter. 96.21% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction on 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 directly owns 1,964 shares of the company’s stock, valued at $165,231.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Duane F. Hawkins sold 5,000 shares of Spirit AeroSystems stock in a transaction on 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 $3,269,616.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,100 shares of company stock valued at $962,099. 0.28% of the stock is owned by insiders.
Spirit AeroSystems Holdings, Inc. (NYSE SPR) traded up $0.52 during mid-day trading on Thursday, hitting $84.16. The stock had a trading volume of 951,753 shares, compared to its average volume of 1,031,633. The company has a market capitalization of $9,670.00, a P/E ratio of 16.82, a P/E/G ratio of 1.45 and a beta of 1.16. Spirit AeroSystems Holdings, Inc. has a 12 month low of $51.85 and a 12 month high of $84.96. 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 released its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.26. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 earnings per share. analysts predict that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be paid a dividend of $0.10 per share. 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%.
Several analysts have recently weighed in on the company. Berenberg Bank assumed coverage on Spirit AeroSystems in a report on Tuesday, November 7th. They set a “buy” rating and a $100.00 price objective on the stock. Zacks Investment Research lowered Spirit AeroSystems from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine lowered Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $86.00 price target on shares of Spirit AeroSystems in a research note on Friday, November 17th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $80.95.
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About Spirit AeroSystems
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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