Caxton Associates LP Acquires New Position in Spirit AeroSystems Holdings, Inc. (SPR)

Caxton Associates LP purchased a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,400 shares of the aerospace company’s stock, valued at approximately $420,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Trust N.A. bought a new stake in shares of Spirit AeroSystems in the 2nd quarter valued at approximately $200,000. Nine Chapters Capital Management LLC bought a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at approximately $218,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at approximately $227,000. Hillsdale Investment Management Inc. grew its stake in shares of Spirit AeroSystems by 23.2% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock valued at $228,000 after buying an additional 740 shares in the last quarter. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at approximately $228,000. 96.12% of the stock is owned by institutional investors and hedge funds.

Shares of Spirit AeroSystems Holdings, Inc. (NYSE SPR) opened at $89.91 on Friday. Spirit AeroSystems Holdings, Inc. has a 12-month low of $51.85 and a 12-month high of $89.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. The firm has a market capitalization of $10,400.00, a P/E ratio of 31.66, a PEG ratio of 1.46 and a beta of 1.16.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, meeting the consensus estimate of $1.26. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the business earned $1.16 earnings per share. Spirit AeroSystems’s revenue for the quarter was up 2.2% compared to the same quarter last year. sell-side analysts anticipate 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. Stockholders of record on Monday, December 18th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. Spirit AeroSystems’s dividend payout ratio is 14.08%.

Several equities research analysts recently commented on SPR shares. Royal Bank of Canada set a $69.00 price target on Spirit AeroSystems and gave the company a “sell” rating in a research note on Sunday, September 10th. Zacks Investment Research raised Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Wednesday, October 11th. Citigroup reaffirmed a “buy” rating and set a $91.00 target price (up previously from $85.00) on shares of Spirit AeroSystems in a research report on Monday, October 9th. Credit Suisse Group upped their target price on Spirit AeroSystems from $88.00 to $97.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 target price on shares of Spirit AeroSystems in a research report on Friday, November 17th. Two 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. Spirit AeroSystems has an average rating of “Buy” and an average price target of $81.68.

In related news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction on Friday, December 1st. The stock was 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 in the company, valued at $165,231.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Duane F. Hawkins sold 5,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $83.04, for a total value of $415,200.00. Following the completion of the transaction, the senior vice president now owns 39,374 shares of the company’s stock, valued at $3,269,616.96. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

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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.

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

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