Schwab Charles Investment Management Inc. Grows Stake in Spirit AeroSystems Holdings, Inc. (SPR)

Schwab Charles Investment Management Inc. raised its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,486 shares of the aerospace company’s stock after purchasing an additional 9,822 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.34% of Spirit AeroSystems worth $31,515,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of Spirit AeroSystems by 839.5% in the 3rd quarter. Fisher Asset Management LLC now owns 138,680 shares of the aerospace company’s stock worth $10,778,000 after purchasing an additional 123,919 shares during the period. Koch Industries Inc. purchased a new stake in shares of Spirit AeroSystems during the 2nd quarter valued at about $524,000. Lockheed Martin Investment Management Co. raised its holdings in shares of Spirit AeroSystems by 30.0% during the 3rd quarter. Lockheed Martin Investment Management Co. now owns 26,000 shares of the aerospace company’s stock valued at $2,021,000 after buying an additional 6,000 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Spirit AeroSystems by 449.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 75,300 shares of the aerospace company’s stock valued at $4,363,000 after buying an additional 61,600 shares during the period. Finally, BB&T Securities LLC purchased a new stake in shares of Spirit AeroSystems during the 2nd quarter valued at about $817,000. Institutional investors own 96.21% of the company’s stock.

In other news, SVP Duane F. Hawkins sold 5,000 shares of Spirit AeroSystems stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 39,374 shares in the company, valued at approximately $3,269,616.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles L. Chadwell sold 6,600 shares of Spirit AeroSystems stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $76.49, for a total value of $504,834.00. Following the completion of the transaction, the director now owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,100 shares of company stock valued at $962,099. Insiders own 0.28% of the company’s stock.

Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Spirit AeroSystems from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine downgraded Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Citigroup reiterated a “buy” rating and set a $91.00 target price (up from $85.00) on shares of Spirit AeroSystems in a report on Monday, October 9th. Berenberg Bank assumed coverage on Spirit AeroSystems in a report on Tuesday, November 7th. They set a “buy” rating and a $100.00 target price on the stock. Finally, Robert W. Baird reiterated a “buy” rating and set a $86.00 target price on shares of Spirit AeroSystems in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Spirit AeroSystems has an average rating of “Buy” and an average price target of $81.68.

Spirit AeroSystems Holdings, Inc. (SPR) traded up $0.79 during mid-day trading on Monday, reaching $84.95. The company’s stock had a trading volume of 505,100 shares, compared to its average volume of 1,029,411. 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 52 week low of $51.85 and a 52 week high of $84.96. The stock has a market cap of $9,822.26, a P/E ratio of 17.37, a PEG ratio of 1.50 and a beta of 1.16.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.47%. Spirit AeroSystems’s payout ratio is 14.08%.

ILLEGAL ACTIVITY NOTICE: “Schwab Charles Investment Management Inc. Grows Stake in Spirit AeroSystems Holdings, Inc. (SPR)” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/12/11/schwab-charles-investment-management-inc-grows-stake-in-spirit-aerosystems-holdings-inc-spr.html.

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.

Want to see what other hedge funds are holding SPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit AeroSystems Holdings, Inc. (NYSE:SPR).

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

Receive News & Ratings for Spirit AeroSystems Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply