Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 323,846 shares of the aerospace company’s stock, valued at approximately $27,105,000.
A number of other large investors also recently added to or reduced their stakes in SPR. Schwab Charles Investment Management Inc. grew its holdings in Spirit AeroSystems by 3.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 418,574 shares of the aerospace company’s stock valued at $36,521,000 after purchasing an additional 13,088 shares during the period. Strs Ohio bought a new stake in Spirit AeroSystems during the fourth quarter valued at about $130,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Spirit AeroSystems by 686.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,225 shares of the aerospace company’s stock valued at $3,248,000 after purchasing an additional 32,489 shares during the period. Aperio Group LLC grew its holdings in Spirit AeroSystems by 14.0% during the fourth quarter. Aperio Group LLC now owns 41,352 shares of the aerospace company’s stock valued at $3,608,000 after purchasing an additional 5,068 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its holdings in Spirit AeroSystems by 2.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 23,264 shares of the aerospace company’s stock valued at $2,030,000 after purchasing an additional 580 shares during the period. 95.62% of the stock is owned by institutional investors and hedge funds.
Shares of Spirit AeroSystems opened at $87.93 on Thursday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 0.98. Spirit AeroSystems Holdings, Inc. has a 12 month low of $55.46 and a 12 month high of $105.20. The firm has a market cap of $9.74 billion, a P/E ratio of 16.44, a PEG ratio of 1.26 and a beta of 1.48.
Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Wednesday, May 2nd. The aerospace company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). Spirit AeroSystems had a net margin of 4.82% and a return on equity of 35.11%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the company posted $1.17 earnings per share. Spirit AeroSystems’s quarterly revenue was up 2.5% on a year-over-year basis. sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 6.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 9th. Shareholders of record on Monday, June 18th will be issued a $0.12 dividend. The ex-dividend date is Friday, June 15th. This is a boost from Spirit AeroSystems’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. Spirit AeroSystems’s dividend payout ratio (DPR) is 7.48%.
Several research firms have issued reports on SPR. Morgan Stanley boosted their price target on Spirit AeroSystems from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. ValuEngine lowered Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Cowen reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Spirit AeroSystems in a research note on Wednesday, May 2nd. Canaccord Genuity dropped their price objective on Spirit AeroSystems from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, May 3rd. Finally, Zacks Investment Research lowered Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $98.79.
In other Spirit AeroSystems news, Director Laura Wright purchased 1,200 shares of the stock in a transaction dated Tuesday, May 15th. The shares were acquired at an average cost of $84.46 per share, for a total transaction of $101,352.00. Following the completion of the transaction, the director now directly owns 3,187 shares of the company’s stock, valued at $269,174.02. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $85.00, for a total transaction of $42,500.00. Following the completion of the sale, the director now owns 3,457 shares in the company, valued at $293,845. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.
About Spirit AeroSystems
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.
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