Shell Asset Management Co. Acquires New Position in Spirit AeroSystems Holdings, Inc. (SPR)

Shell Asset Management Co. acquired a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the fourth quarter, Holdings Channel reports. The fund acquired 35,366 shares of the aerospace company’s stock, valued at approximately $3,086,000.

A number of other institutional investors have also bought and sold shares of SPR. Fisher Asset Management LLC lifted its stake in shares of Spirit AeroSystems by 839.5% during the third quarter. Fisher Asset Management LLC now owns 138,680 shares of the aerospace company’s stock valued at $10,778,000 after acquiring an additional 123,919 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of Spirit AeroSystems by 67.5% during 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 during the period. Lockheed Martin Investment Management Co. lifted its stake in shares of Spirit AeroSystems by 30.0% during 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 during the period. Caxton Associates LP acquired a new position in shares of Spirit AeroSystems during the third quarter valued at $420,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Spirit AeroSystems by 2.5% during 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 during the period.

In other Spirit AeroSystems news, SVP William Edward Brown sold 5,500 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $92.36, for a total value of $507,980.00. Following the completion of the sale, the senior vice president now directly owns 21,664 shares in the company, valued at $2,000,887.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $84.13, for a total value of $42,065.00. Following the completion of the sale, the director now owns 1,964 shares of the company’s stock, valued at $165,231.32. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

SPR has been the topic of several research reports. Zacks Investment Research lowered Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Seaport Global Securities reaffirmed a “buy” rating and set a $120.00 price target on shares of Spirit AeroSystems in a research note on Thursday, January 18th. ValuEngine raised Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Berenberg Bank initiated coverage on Spirit AeroSystems in a research note on Tuesday, November 7th. They set a “buy” rating and a $100.00 price target on the stock. Finally, Royal Bank of Canada set a $100.00 price target on Spirit AeroSystems and gave the company a “sell” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. Spirit AeroSystems has a consensus rating of “Buy” and a consensus target price of $95.50.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) opened at $92.03 on Thursday. Spirit AeroSystems Holdings, Inc. has a one year low of $51.85 and a one year high of $105.20. The company has a quick ratio of 0.74, a current ratio of 1.64 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $10,379.57, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.31 and a beta of 1.37.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.10. Spirit AeroSystems had a return on equity of 34.03% and a net margin of 5.08%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post 6.4 EPS for the current fiscal year.

Spirit AeroSystems announced that its Board of Directors has initiated a stock repurchase program on Friday, February 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Monday, March 19th will be issued a $0.10 dividend. 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 currently 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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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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