Robeco Institutional Asset Management B.V. raised its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 323.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,918 shares of the aerospace company’s stock after purchasing an additional 63,319 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Spirit AeroSystems were worth $7,589,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in Spirit AeroSystems during the 1st quarter valued at $42,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Spirit AeroSystems by 66.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 200 shares during the period. Doyle Wealth Management purchased a new stake in shares of Spirit AeroSystems in the 4th quarter worth about $40,000. Smithfield Trust Co. grew its position in shares of Spirit AeroSystems by 538.5% in the 1st quarter. Smithfield Trust Co. now owns 830 shares of the aerospace company’s stock worth $76,000 after buying an additional 700 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Spirit AeroSystems by 96.7% in the 4th quarter. Bessemer Group Inc. now owns 836 shares of the aerospace company’s stock worth $60,000 after buying an additional 411 shares during the period. 95.85% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. Seaport Global Securities downgraded shares of Spirit AeroSystems from a “buy” rating to a “neutral” rating and set a $98.64 target price on the stock. in a research report on Tuesday, March 5th. Vertical Research downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 target price on the stock. in a research report on Wednesday, March 6th. Barclays reaffirmed a “buy” rating on shares of Spirit AeroSystems in a research report on Wednesday, March 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $112.00 target price (up from $102.00) on shares of Spirit AeroSystems in a research report on Friday, February 8th. Finally, Cowen downgraded shares of Spirit AeroSystems from an “outperform” rating to a “market perform” rating and set a $92.49 target price on the stock. in a research report on Wednesday, April 3rd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $101.47.
In related news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $99.60, for a total value of $49,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul E. Fulchino sold 20,000 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $95.33, for a total value of $1,906,600.00. Following the completion of the sale, the director now owns 12,234 shares of the company’s stock, valued at $1,166,267.22. The disclosure for this sale can be found here. 0.84% of the stock is owned by company insiders.
Shares of NYSE:SPR opened at $81.89 on Wednesday. Spirit AeroSystems Holdings, Inc. has a twelve month low of $64.48 and a twelve month high of $100.34. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $8.37 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.47 and a beta of 1.38.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.01. Spirit AeroSystems had a net margin of 8.78% and a return on equity of 63.36%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm posted $1.10 EPS. The company’s revenue was up 13.3% on a year-over-year basis. As a group, analysts expect that Spirit AeroSystems Holdings, Inc. will post 7.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Monday, June 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. Spirit AeroSystems’s dividend payout ratio is presently 7.67%.
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Spirit AeroSystems Company Profile
Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.
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