Parametrica Management Ltd bought a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,969 shares of the aerospace company’s stock, valued at approximately $259,000.
A number of other hedge funds also recently bought and sold shares of SPR. Strs Ohio bought a new stake in shares of Spirit AeroSystems in the 4th quarter valued at $130,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Spirit AeroSystems in the 4th quarter worth $166,000. Nine Chapters Capital Management LLC acquired a new position in Spirit AeroSystems in the 3rd quarter worth $218,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Spirit AeroSystems during the 3rd quarter worth about $227,000. Finally, Commonwealth Equity Services Inc acquired a new position in shares of Spirit AeroSystems during the 3rd quarter worth about $228,000. Hedge funds and other institutional investors own 97.39% of the company’s stock.
In other news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $84.13, for a total value of $42,065.00. Following the sale, 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 is accessible through the SEC website. Insiders own 0.28% of the company’s stock.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded up $1.18 on Tuesday, reaching $90.67. 749,507 shares of the company’s stock traded hands, compared to its average volume of 1,165,309. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $9,938.58, a P/E ratio of 29.96, a P/E/G ratio of 1.25 and a beta of 1.37. Spirit AeroSystems Holdings, Inc. has a 12-month low of $51.85 and a 12-month high of $105.20.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.10. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 33.80%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 earnings per share. analysts forecast that Spirit AeroSystems Holdings, Inc. will post 6.4 earnings per share for the current fiscal year.
Spirit AeroSystems announced that its board has initiated a stock repurchase plan on Friday, February 2nd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, March 16th. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 13.25%.
A number of equities analysts have recently commented on the stock. Cowen restated a “buy” rating and set a $110.00 price objective on shares of Spirit AeroSystems in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine cut shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Berenberg Bank initiated coverage on shares of Spirit AeroSystems in a report on Tuesday, November 7th. They issued a “buy” rating and a $100.00 price target on the stock. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $120.00 target price on shares of Spirit AeroSystems in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.50.
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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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