Sterling Capital Management LLC reduced its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 15.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,887 shares of the aerospace company’s stock after selling 7,855 shares during the period. Sterling Capital Management LLC’s holdings in Spirit AeroSystems were worth $3,333,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. California Public Employees Retirement System boosted its position in shares of Spirit AeroSystems by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 314,604 shares of the aerospace company’s stock valued at $24,451,000 after acquiring an additional 20,104 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at about $289,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Spirit AeroSystems by 46.5% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,291 shares of the aerospace company’s stock valued at $411,000 after acquiring an additional 1,679 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Spirit AeroSystems by 97.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 52,481 shares of the aerospace company’s stock valued at $4,079,000 after acquiring an additional 25,942 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at about $10,329,000. Institutional investors and hedge funds own 96.21% of the company’s stock.

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 transaction, the director now directly owns 1,964 shares of the company’s stock, valued at $165,231.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $83.04, for a total transaction of $415,200.00. Following the completion of the transaction, the senior vice president now directly owns 39,374 shares of the company’s stock, valued at $3,269,616.96. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

SPR has been the topic of several recent research reports. UBS reiterated a “buy” rating and set a $81.00 target price (up from $63.00) on shares of Spirit AeroSystems in a research report on Monday, August 21st. ValuEngine upgraded shares of Spirit AeroSystems from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and set a $86.00 target price on shares of Spirit AeroSystems in a research report on Friday, September 8th. Royal Bank of Canada set a $69.00 target price on shares of Spirit AeroSystems and gave the company a “sell” rating in a research report on Sunday, September 10th. Finally, Citigroup reiterated a “buy” rating and set a $85.00 target price on shares of Spirit AeroSystems in a research report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $81.68.

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded up $0.77 during mid-day trading on Friday, reaching $85.39. 1,070,000 shares of the company traded hands, compared to its average volume of 1,206,560. Spirit AeroSystems Holdings, Inc. has a 12-month low of $51.85 and a 12-month high of $85.77. The company has a market cap of $9,874.29, a P/E ratio of 17.46, a P/E/G ratio of 1.51 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 (NYSE:SPR) last announced its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.26. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the firm posted $1.16 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post 5.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Monday, December 18th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, December 15th. Spirit AeroSystems’s dividend payout ratio is presently 14.08%.

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Spirit AeroSystems 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 (NYSE:SPR)

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