Aperio Group LLC Has $2.82 Million Holdings in Spirit Aerosystems Holdings, Inc. (SPR)
Aperio Group LLC trimmed its position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 39.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,284 shares of the aerospace company’s stock after selling 24,061 shares during the period. Aperio Group LLC’s holdings in Spirit Aerosystems Holdings were worth $2,820,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of SPR. Boston Partners bought a new stake in shares of Spirit Aerosystems Holdings during the 2nd quarter worth $140,460,000. UBS Asset Management Americas Inc. lifted its holdings in shares of Spirit Aerosystems Holdings by 1,425.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock worth $130,691,000 after acquiring an additional 2,107,710 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Spirit Aerosystems Holdings during the 2nd quarter worth $524,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Spirit Aerosystems Holdings during the 2nd quarter worth $21,437,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Spirit Aerosystems Holdings during the 2nd quarter worth $18,970,000. 99.60% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on SPR. Berenberg Bank began coverage on shares of Spirit Aerosystems Holdings in a report on Tuesday, November 7th. They set a “buy” rating and a $100.00 price objective for the company. Sanford C. Bernstein reaffirmed an “in-line” rating and set a $98.00 price objective (up from $87.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, November 2nd. Seaport Global Securities raised shares of Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $83.00 in a report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) raised shares of Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $54.00 to $68.00 in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. Spirit Aerosystems Holdings has a consensus rating of “Hold” and an average price target of $79.57.
In related news, SVP John A. Pilla sold 10,088 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total transaction of $752,564.80. Following the transaction, the senior vice president now owns 93,258 shares in the company, valued at $6,957,046.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Duane F. Hawkins sold 5,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $83.04, for a total transaction of $415,200.00. Following the transaction, the senior vice president now owns 39,374 shares in the company, valued at approximately $3,269,616.96. The disclosure for this sale can be found here. Insiders sold 21,688 shares of company stock worth $1,672,599 in the last 90 days. Corporate insiders own 0.28% of the company’s stock.
Spirit Aerosystems Holdings, Inc. (NYSE:SPR) opened at $80.70 on Friday. Spirit Aerosystems Holdings, Inc. has a 52-week low of $51.85 and a 52-week high of $84.75. The stock has a market cap of $9,548.50, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.89.
Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. Spirit Aerosystems Holdings had a net margin of 4.98% and a return on equity of 31.14%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. equities research analysts expect that Spirit Aerosystems Holdings, Inc. will post 5.22 EPS for the current fiscal year.
Spirit Aerosystems Holdings declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Monday, December 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, December 15th. Spirit Aerosystems Holdings’s payout ratio is 14.08%.
Spirit Aerosystems Holdings 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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