HighVista Strategies LLC bought a new stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,200 shares of the aerospace company’s stock, valued at approximately $301,000.

A number of other large investors have also made changes to their positions in the stock. Brandywine Global Investment Management LLC increased its position in Spirit Aerosystems Holdings by 0.9% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 145,193 shares of the aerospace company’s stock valued at $8,413,000 after buying an additional 1,271 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in Spirit Aerosystems Holdings by 23.2% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock valued at $228,000 after buying an additional 740 shares in the last quarter. OxFORD Asset Management LLP acquired a new position in Spirit Aerosystems Holdings during the 2nd quarter valued at about $4,774,000. Dimensional Fund Advisors LP increased its position in Spirit Aerosystems Holdings by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 924,139 shares of the aerospace company’s stock valued at $53,542,000 after buying an additional 39,300 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Spirit Aerosystems Holdings during the 2nd quarter valued at about $18,970,000. 98.61% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on SPR. Buckingham Research increased their price objective on Spirit Aerosystems Holdings from $53.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday. BidaskClub raised Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Goldman Sachs Group, Inc. (The) raised Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and increased their price objective for the company from $54.00 to $68.00 in a report on Thursday, August 10th. Cowen and Company reissued a “buy” rating and issued a $88.00 price objective (up from $79.00) on shares of Spirit Aerosystems Holdings in a report on Thursday. Finally, Canaccord Genuity increased their price objective on Spirit Aerosystems Holdings from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $75.28.

Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) traded up 0.15% during mid-day trading on Friday, hitting $77.72. The stock had a trading volume of 969,963 shares. Spirit Aerosystems Holdings, Inc. has a 52-week low of $43.30 and a 52-week high of $79.21. The firm has a market cap of $9.20 billion, a PE ratio of 27.91 and a beta of 1.31. The firm has a 50 day moving average price of $72.33 and a 200 day moving average price of $61.20.

Spirit Aerosystems Holdings (NYSE:SPR) last issued its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.37. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 EPS. Equities analysts predict that Spirit Aerosystems Holdings, Inc. will post $5.24 EPS for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Monday, September 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Friday, September 15th. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.60%.

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In other Spirit Aerosystems Holdings news, Director Charles L. Chadwell sold 6,600 shares of Spirit Aerosystems Holdings stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $76.49, for a total value of $504,834.00. Following the sale, the director now owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John A. Pilla sold 10,088 shares of Spirit Aerosystems Holdings stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total value of $752,564.80. Following the completion of the sale, the senior vice president now directly owns 93,258 shares in the company, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

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.

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

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