Marshall Wace North America L.P. acquired a new position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 65,292 shares of the aerospace company’s stock, valued at approximately $3,786,000. Marshall Wace North America L.P. owned about 0.05% of Spirit Aerosystems Holdings as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its stake in shares of Spirit Aerosystems Holdings by 9.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after buying an additional 160 shares during the period. Focused Wealth Management Inc raised its stake in shares of Spirit Aerosystems Holdings by 68.8% in the first quarter. Focused Wealth Management Inc now owns 2,700 shares of the aerospace company’s stock worth $156,000 after buying an additional 1,100 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Spirit Aerosystems Holdings by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 3,317 shares of the aerospace company’s stock worth $192,000 after buying an additional 149 shares during the period. Parametrica Management Ltd acquired a new stake in shares of Spirit Aerosystems Holdings during the second quarter worth $217,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Spirit Aerosystems Holdings by 20.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,248 shares of the aerospace company’s stock worth $247,000 after buying an additional 710 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Shares of Spirit Aerosystems Holdings, Inc. (NYSE SPR) opened at 74.50 on Friday. The company has a 50 day moving average price of $66.96 and a 200 day moving average price of $59.79. The company has a market cap of $8.81 billion, a P/E ratio of 26.75 and a beta of 1.36. Spirit Aerosystems Holdings, Inc. has a one year low of $42.26 and a one year high of $74.57.

Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.37. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 earnings per share. Equities research analysts expect that Spirit Aerosystems Holdings, Inc. will post $5.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Friday, September 15th. Spirit Aerosystems Holdings’s payout ratio is 14.60%.

Spirit Aerosystems Holdings declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the aerospace company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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A number of equities research analysts have weighed in on the company. UBS AG upgraded Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) raised Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and increased their target price for the stock from $54.00 to $68.00 in a report on Thursday, August 10th. Seaport Global Securities raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and increased their target price for the stock from $62.00 to $83.00 in a report on Thursday, August 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $80.00 target price (up previously from $65.00) on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Spirit Aerosystems Holdings presently has a consensus rating of “Hold” and a consensus price target of $70.69.

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