Dimensional Fund Advisors LP Buys 39,300 Shares of Spirit Aerosystems Holdings, Inc. (SPR)

Dimensional Fund Advisors LP increased its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 4.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 924,139 shares of the aerospace company’s stock after purchasing an additional 39,300 shares during the period. Dimensional Fund Advisors LP owned 0.78% of Spirit Aerosystems Holdings worth $53,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SPR. Nomura Asset Management Co. Ltd. lifted its holdings in Spirit Aerosystems Holdings by 9.5% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 160 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in Spirit Aerosystems Holdings during the 2nd quarter worth about $200,000. State of Alaska Department of Revenue lifted its holdings in Spirit Aerosystems Holdings by 6.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock worth $205,000 after purchasing an additional 222 shares in the last quarter. Parametrica Management Ltd purchased a new stake in Spirit Aerosystems Holdings during the 2nd quarter worth about $217,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Spirit Aerosystems Holdings by 20.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,248 shares of the aerospace company’s stock worth $247,000 after purchasing an additional 710 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP John A. Pilla sold 10,088 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total value of $752,564.80. Following the sale, the senior vice president now directly owns 93,258 shares in the company, valued at $6,957,046.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles L. Chadwell sold 6,600 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $76.49, for a total value of $504,834.00. Following the completion of the sale, the director now owns 23,828 shares in the company, valued at $1,822,603.72. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

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A number of analysts recently issued reports on the company. Seaport Global Securities raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $83.00 in a report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) raised Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and raised their price target for the company from $54.00 to $68.00 in a report on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 price target (up previously from $65.00) on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 9th. Zacks Investment Research raised Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Thursday, August 10th. Finally, Buckingham Research raised their price target on Spirit Aerosystems Holdings from $53.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $76.17.

Spirit Aerosystems Holdings, Inc. (SPR) opened at 79.48 on Thursday. Spirit Aerosystems Holdings, Inc. has a 12 month low of $47.73 and a 12 month high of $80.20. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 28.54 and a beta of 1.36. The stock’s 50 day moving average price is $77.39 and its 200 day moving average price is $64.19.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, topping 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 firm’s revenue for the quarter 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 anticipate that Spirit Aerosystems Holdings, Inc. will post $5.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Monday, September 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. Spirit Aerosystems Holdings’s dividend payout ratio is currently 14.60%.

Spirit Aerosystems Holdings announced that its board has approved a share repurchase program on Wednesday, August 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the aerospace company to repurchase up to 4.6% of its stock through open market pur

A number of other institutional investors and hedge funds also recently modified their holdings of SPR. Nomura Asset Management Co. Ltd. lifted its holdings in Spirit Aerosystems Holdings by 9.5% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 160 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in Spirit Aerosystems Holdings during the 2nd quarter worth about $200,000. State of Alaska Department of Revenue lifted its holdings in Spirit Aerosystems Holdings by 6.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock worth $205,000 after purchasing an additional 222 shares in the last quarter. Parametrica Management Ltd purchased a new stake in Spirit Aerosystems Holdings during the 2nd quarter worth about $217,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Spirit Aerosystems Holdings by 20.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,248 shares of the aerospace company’s stock worth $247,000 after purchasing an additional 710 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP John A. Pilla sold 10,088 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total value of $752,564.80. Following the sale, the senior vice president now directly owns 93,258 shares in the company, valued at $6,957,046.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles L. Chadwell sold 6,600 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $76.49, for a total value of $504,834.00. Following the completion of the sale, the director now owns 23,828 shares in the company, valued at $1,822,603.72. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/19/dimensional-fund-advisors-lp-buys-39300-shares-of-spirit-aerosystems-holdings-inc-spr.html.

A number of analysts recently issued reports on the company. Seaport Global Securities raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $83.00 in a report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) raised Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and raised their price target for the company from $54.00 to $68.00 in a report on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 price target (up previously from $65.00) on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 9th. Zacks Investment Research raised Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Thursday, August 10th. Finally, Buckingham Research raised their price target on Spirit Aerosystems Holdings from $53.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $76.17.

Spirit Aerosystems Holdings, Inc. (SPR) opened at 79.48 on Thursday. Spirit Aerosystems Holdings, Inc. has a 12 month low of $47.73 and a 12 month high of $80.20. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 28.54 and a beta of 1.36. The stock’s 50 day moving average price is $77.39 and its 200 day moving average price is $64.19.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, topping 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 firm’s revenue for the quarter 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 anticipate that Spirit Aerosystems Holdings, Inc. will post $5.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Monday, September 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. Spirit Aerosystems Holdings’s dividend payout ratio is currently 14.60%.

Spirit Aerosystems Holdings announced that its board has approved a share repurchase program on Wednesday, August 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the aerospace company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

About Spirit Aerosystems Holdings

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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