Nordea Investment Management AB Sells 3,844 Shares of Spirit AeroSystems Holdings, Inc. (SPR)
Nordea Investment Management AB reduced its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,056 shares of the aerospace company’s stock after selling 3,844 shares during the period. Nordea Investment Management AB’s holdings in Spirit AeroSystems were worth $2,336,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Nine Chapters Capital Management LLC acquired a new stake in Spirit AeroSystems in the 3rd quarter valued at $218,000. Quantitative Systematic Strategies LLC acquired a new stake in Spirit AeroSystems in the 3rd quarter valued at $227,000. Commonwealth Equity Services Inc acquired a new stake in Spirit AeroSystems in the 3rd quarter valued at $228,000. Raymond James Trust N.A. acquired a new stake in Spirit AeroSystems in the 2nd quarter valued at $200,000. Finally, OLD National Bancorp IN acquired a new stake in Spirit AeroSystems in the 3rd quarter valued at $285,000. Hedge funds and other institutional investors own 96.21% of the company’s stock.
Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded down $1.76 during mid-day trading on Wednesday, hitting $82.24. 999,600 shares of the company traded hands, compared to its average volume of 1,031,859. The company has a market cap of $9,712.42, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. Spirit AeroSystems Holdings, Inc. has a 1-year low of $51.85 and a 1-year high of $84.96.
Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, hitting the consensus estimate of $1.26. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. Spirit AeroSystems’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. equities research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 5.22 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Monday, December 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, December 15th. Spirit AeroSystems’s dividend payout ratio is currently 14.08%.
Several brokerages have issued reports on SPR. Berenberg Bank began coverage on shares of Spirit AeroSystems in a research note on Tuesday, November 7th. They issued a “buy” rating and a $100.00 price target on the stock. Zacks Investment Research downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. ValuEngine downgraded shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Canaccord Genuity reissued a “buy” rating and issued a $86.00 price objective on shares of Spirit AeroSystems in a research report on Friday, November 17th. Finally, Royal Bank Of Canada set a $77.00 price objective on shares of Spirit AeroSystems and gave the company a “sell” rating in a research report on Sunday, November 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.95.
In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $84.13, for a total value of $42,065.00. Following the completion of the sale, the director now owns 1,964 shares of the company’s stock, valued at approximately $165,231.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles L. Chadwell sold 6,600 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the completion of the sale, the director now directly owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The disclosure for this sale can be found here. Insiders sold a total of 12,100 shares of company stock valued at $962,099 in the last three months. Insiders own 0.28% of the company’s stock.
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About Spirit AeroSystems
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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