Morgan Stanley increased its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 27.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 747,187 shares of the aerospace company’s stock after buying an additional 159,013 shares during the quarter. Morgan Stanley owned about 0.70% of Spirit AeroSystems worth $64,190,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SPR. BRYN MAWR TRUST Co boosted its holdings in shares of Spirit AeroSystems by 1.3% in the 2nd quarter. BRYN MAWR TRUST Co now owns 67,954 shares of the aerospace company’s stock valued at $5,838,000 after purchasing an additional 869 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Spirit AeroSystems by 16.3% in the 2nd quarter. Voya Investment Management LLC now owns 35,621 shares of the aerospace company’s stock valued at $3,060,000 after purchasing an additional 5,000 shares in the last quarter. First Republic Investment Management Inc. boosted its holdings in shares of Spirit AeroSystems by 40.7% in the 2nd quarter. First Republic Investment Management Inc. now owns 7,856 shares of the aerospace company’s stock valued at $675,000 after purchasing an additional 2,272 shares in the last quarter. AMP Capital Investors Ltd boosted its holdings in shares of Spirit AeroSystems by 15.5% in the 2nd quarter. AMP Capital Investors Ltd now owns 47,344 shares of the aerospace company’s stock valued at $4,067,000 after purchasing an additional 6,362 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its holdings in shares of Spirit AeroSystems by 55.0% in the 2nd quarter. Flinton Capital Management LLC now owns 61,440 shares of the aerospace company’s stock valued at $5,278,000 after purchasing an additional 21,792 shares in the last quarter.

A number of research analysts have recently commented on SPR shares. ValuEngine cut Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Bank of America dropped their price target on Spirit AeroSystems from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. Credit Suisse Group dropped their price target on Spirit AeroSystems from $112.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday, August 2nd. Cowen reiterated a “buy” rating and issued a $100.00 price target on shares of Spirit AeroSystems in a research note on Wednesday, August 1st. Finally, Morgan Stanley dropped their price target on Spirit AeroSystems from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $101.21.

Shares of SPR opened at $92.51 on Thursday. Spirit AeroSystems Holdings, Inc. has a 52 week low of $76.00 and a 52 week high of $105.20. The firm has a market capitalization of $9.89 billion, a PE ratio of 17.29, a PEG ratio of 1.37 and a beta of 1.28. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.52 and a quick ratio of 1.04.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Wednesday, August 1st. The aerospace company reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.12. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. Spirit AeroSystems had a return on equity of 39.74% and a net margin of 7.68%. Spirit AeroSystems’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $1.57 EPS. analysts expect that Spirit AeroSystems Holdings, Inc. will post 6.24 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 9th. Investors of record on Monday, September 17th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, September 14th. Spirit AeroSystems’s dividend payout ratio is currently 8.97%.

In related news, SVP Michelle Lohmeier sold 3,420 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $87.30, for a total transaction of $298,566.00. Following the completion of the transaction, the senior vice president now directly owns 33,037 shares of the company’s stock, valued at approximately $2,884,130.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $85.37, for a total value of $42,685.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,920 shares of company stock valued at $1,644,796. 0.87% of the stock is owned by corporate insiders.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through 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 offers related spares and maintenance, repairs, and overhaul (MRO) services.

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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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