Spirit AeroSystems (SPR) Holdings Boosted by Axa

AXA boosted its holdings in shares of Spirit AeroSystems (NYSE:SPR) by 433.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,693 shares of the aerospace company’s stock after buying an additional 41,193 shares during the quarter. AXA’s holdings in Spirit AeroSystems were worth $4,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Lombard Odier Asset Management Switzerland SA acquired a new position in Spirit AeroSystems during the fourth quarter worth approximately $901,000. Maverick Capital Ltd. grew its position in shares of Spirit AeroSystems by 56.2% in the fourth quarter. Maverick Capital Ltd. now owns 108,600 shares of the aerospace company’s stock valued at $9,475,000 after purchasing an additional 39,080 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Spirit AeroSystems by 95.7% in the fourth quarter. Lazard Asset Management LLC now owns 9,818 shares of the aerospace company’s stock valued at $856,000 after buying an additional 4,801 shares during the period. Impala Asset Management LLC bought a new stake in shares of Spirit AeroSystems in the fourth quarter valued at approximately $28,076,000. Finally, Allianz Asset Management GmbH boosted its stake in shares of Spirit AeroSystems by 2.7% in the fourth quarter. Allianz Asset Management GmbH now owns 491,513 shares of the aerospace company’s stock valued at $42,885,000 after buying an additional 12,990 shares during the period. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, SVP Stacy Cozad sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $91.47, for a total value of $100,617.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 completion of the transaction, the senior vice president now directly owns 21,664 shares in the company, valued at approximately $2,000,887.04. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Several equities research analysts recently issued reports on the company. Barclays assumed coverage on Spirit AeroSystems in a research note on Thursday, March 29th. They issued an “overweight” rating and a $117.00 price target for the company. Zacks Investment Research cut Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Vertical Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Monday, March 19th. Morgan Stanley upped their target price on Spirit AeroSystems from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Finally, Jefferies Group restated a “buy” rating and set a $112.00 target price on shares of Spirit AeroSystems in a research note on Monday, February 5th. 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 company. The stock has a consensus rating of “Buy” and a consensus target price of $99.84.

Spirit AeroSystems stock traded down $3.42 during trading hours on Friday, reaching $80.57. 1,153,942 shares of the company’s stock were exchanged, compared to its average volume of 990,139. The company has a current ratio of 1.64, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. Spirit AeroSystems has a twelve month low of $51.85 and a twelve month high of $105.20. The company has a market cap of $9,224.38, a P/E ratio of 15.14, a PEG ratio of 1.16 and a beta of 1.48.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the business posted $0.89 EPS. The business’s revenue was up 9.2% compared to the same quarter last year. equities research analysts forecast that Spirit AeroSystems will post 6.42 EPS for the current fiscal year.

Spirit AeroSystems declared that its Board of Directors has authorized a stock buyback 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 often an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be paid 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 0.50%. Spirit AeroSystems’s dividend payout ratio is presently 7.48%.

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Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and offers related spares and maintenance, repairs, and overhaul (MRO) services.

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

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