BB&T Securities LLC purchased a new position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,102 shares of the aerospace company’s stock, valued at approximately $817,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Spirit Aerosystems Holdings by 11,339.0% in the first quarter. BlackRock Inc. now owns 6,131,965 shares of the aerospace company’s stock worth $355,164,000 after buying an additional 6,078,359 shares during the period. Boston Partners bought a new stake in shares of Spirit Aerosystems Holdings during the second quarter worth about $140,460,000. LSV Asset Management raised its stake in shares of Spirit Aerosystems Holdings by 85.6% in the first quarter. LSV Asset Management now owns 3,159,715 shares of the aerospace company’s stock worth $183,010,000 after buying an additional 1,457,025 shares during the period. Vanguard Group Inc. raised its stake in shares of Spirit Aerosystems Holdings by 5.6% in the first quarter. Vanguard Group Inc. now owns 11,549,361 shares of the aerospace company’s stock worth $668,939,000 after buying an additional 616,129 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Spirit Aerosystems Holdings by 12.7% in the first quarter. AQR Capital Management LLC now owns 3,883,585 shares of the aerospace company’s stock worth $224,937,000 after buying an additional 436,784 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Shares of Spirit Aerosystems Holdings, Inc. (SPR) opened at 72.65 on Wednesday. Spirit Aerosystems Holdings, Inc. has a one year low of $42.26 and a one year high of $73.86. The firm has a 50-day moving average of $65.44 and a 200-day moving average of $59.32. The firm has a market capitalization of $8.60 billion, a P/E ratio of 26.09 and a beta of 1.36.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.20 by $0.37. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company earned $1.21 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts predict that Spirit Aerosystems Holdings, Inc. will post $5.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 annualized dividend and a yield of 0.55%. Spirit Aerosystems Holdings’s payout ratio is currently 14.60%.

Spirit Aerosystems Holdings announced that its Board of Directors has approved a share buyback plan on Wednesday, August 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the aerospace company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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Several analysts have weighed in on SPR shares. Credit Suisse Group reiterated a “buy” rating and set a $74.00 target price on shares of Spirit Aerosystems Holdings in a research note on Friday, May 5th. BidaskClub lowered shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Jefferies Group LLC set a $68.00 target price on shares of Spirit Aerosystems Holdings and gave the company a “buy” rating in a research note on Thursday, June 22nd. Cowen and Company reiterated a “buy” rating and set a $69.00 target price on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 2nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $66.00 target price (down previously from $67.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $70.69.

In other news, Director Richard A. Gephardt sold 4,247 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $58.00, for a total value of $246,326.00. Following the completion of the sale, the director now directly owns 1,964 shares of the company’s stock, valued at $113,912. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Spirit Aerosystems Holdings 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.

Institutional Ownership by Quarter for Spirit Aerosystems Holdings (NYSE:SPR)

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