Alyeska Investment Group L.P. raised its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 67.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 554,578 shares of the aerospace company’s stock after purchasing an additional 223,413 shares during the quarter. Alyeska Investment Group L.P. owned 0.48% of Spirit AeroSystems worth $43,102,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in SPR. Boston Partners acquired a new position in shares of Spirit AeroSystems during the 2nd quarter worth approximately $140,460,000. UBS Asset Management Americas Inc. grew its stake in Spirit AeroSystems by 1,425.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock worth $130,691,000 after acquiring an additional 2,107,710 shares during the period. Wedge Capital Management L L P NC purchased a new stake in Spirit AeroSystems in the 3rd quarter worth approximately $52,067,000. Koch Industries Inc. purchased a new stake in Spirit AeroSystems in the 2nd quarter worth approximately $524,000. Finally, JPMorgan Chase & Co. grew its stake in Spirit AeroSystems by 79.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 745,016 shares of the aerospace company’s stock worth $57,813,000 after acquiring an additional 330,903 shares during the period. 96.12% of the stock is currently owned by institutional investors.
In related news, SVP Duane F. Hawkins sold 5,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $83.04, for a total transaction of $415,200.00. Following the sale, the senior vice president now owns 39,374 shares in the company, valued at $3,269,616.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $84.13, for a total transaction of $42,065.00. Following the sale, the director now owns 1,964 shares in the company, valued at approximately $165,231.32. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.
Shares of Spirit AeroSystems Holdings, Inc. (NYSE SPR) traded up $0.02 during mid-day trading on Friday, reaching $87.25. 581,052 shares of the company’s stock were exchanged, compared to its average volume of 810,206. The firm has a market cap of $10,088.19, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. Spirit AeroSystems Holdings, Inc. has a 52-week low of $51.85 and a 52-week high of $87.89.
Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 EPS. research analysts predict that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.46%. Spirit AeroSystems’s dividend payout ratio (DPR) is 14.08%.
SPR has been the subject of several recent analyst reports. Royal Bank of Canada set a $69.00 target price on shares of Spirit AeroSystems and gave the stock a “sell” rating in a research note on Sunday, September 10th. Zacks Investment Research raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Wednesday, October 11th. Citigroup reissued a “buy” rating and set a $91.00 price objective (up from $85.00) on shares of Spirit AeroSystems in a research note on Monday, October 9th. Credit Suisse Group boosted their price objective on shares of Spirit AeroSystems from $88.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Finally, Canaccord Genuity reissued a “buy” rating and set a $86.00 price objective on shares of Spirit AeroSystems in a research note on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $81.68.
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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