Thomas White International Ltd. cut its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 17.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,524 shares of the aerospace company’s stock after selling 4,485 shares during the quarter. Thomas White International Ltd.’s holdings in Spirit AeroSystems were worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of Spirit AeroSystems by 839.5% in the third quarter. Fisher Asset Management LLC now owns 138,680 shares of the aerospace company’s stock valued at $10,778,000 after purchasing an additional 123,919 shares during the period. Alyeska Investment Group L.P. raised its holdings in Spirit AeroSystems by 67.5% in the third quarter. Alyeska Investment Group L.P. now owns 554,578 shares of the aerospace company’s stock valued at $43,102,000 after acquiring an additional 223,413 shares in the last quarter. Lockheed Martin Investment Management Co. raised its holdings in Spirit AeroSystems by 30.0% in the third quarter. Lockheed Martin Investment Management Co. now owns 26,000 shares of the aerospace company’s stock valued at $2,021,000 after acquiring an additional 6,000 shares in the last quarter. Caxton Associates LP acquired a new stake in Spirit AeroSystems in the third quarter valued at $420,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in Spirit AeroSystems by 2.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 405,486 shares of the aerospace company’s stock valued at $31,515,000 after acquiring an additional 9,822 shares in the last quarter.
In other news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $84.13, for a total transaction of $42,065.00. Following the completion of the transaction, the director now owns 1,964 shares in the company, valued at approximately $165,231.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP William Edward Brown sold 5,500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $92.36, for a total transaction of $507,980.00. Following the transaction, the senior vice president now owns 21,664 shares of the company’s stock, valued at approximately $2,000,887.04. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.
A number of brokerages have weighed in on SPR. Zacks Investment Research raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Wednesday, January 10th. ValuEngine cut shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Royal Bank of Canada set a $77.00 target price on shares of Spirit AeroSystems and gave the stock a “sell” rating in a report on Sunday, November 12th. Sanford C. Bernstein reissued an “in-line” rating and set a $98.00 target price (up from $87.00) on shares of Spirit AeroSystems in a report on Thursday, November 2nd. Finally, Canaccord Genuity reissued a “buy” rating and set a $86.00 target price on shares of Spirit AeroSystems in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $95.50.
Spirit AeroSystems Holdings, Inc. (SPR) opened at $92.06 on Tuesday. Spirit AeroSystems Holdings, Inc. has a 12-month low of $51.85 and a 12-month high of $105.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.64 and a quick ratio of 0.74. The stock has a market cap of $10,573.06, a PE ratio of 17.36, a P/E/G ratio of 1.33 and a beta of 1.37.
Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.10. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post 6.4 earnings per share for the current fiscal year.
Spirit AeroSystems declared that its Board of Directors has approved a stock repurchase program on Friday, February 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. Spirit AeroSystems’s dividend payout ratio (DPR) is 13.25%.
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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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