Vanguard Group Inc. lowered its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.0% in the 2nd quarter, Holdings Channel reports. The fund owned 10,622,241 shares of the aerospace company’s stock after selling 112,198 shares during the quarter. Vanguard Group Inc. owned 0.10% of Spirit AeroSystems worth $864,332,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in SPR. Prudential Financial Inc. raised its position in shares of Spirit AeroSystems by 57.6% in the 2nd quarter. Prudential Financial Inc. now owns 938,924 shares of the aerospace company’s stock worth $76,401,000 after acquiring an additional 343,033 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Spirit AeroSystems by 5.8% in the 1st quarter. AQR Capital Management LLC now owns 4,654,106 shares of the aerospace company’s stock worth $425,944,000 after acquiring an additional 255,883 shares in the last quarter. Natixis raised its position in shares of Spirit AeroSystems by 261.1% in the 2nd quarter. Natixis now owns 297,395 shares of the aerospace company’s stock worth $24,199,000 after acquiring an additional 215,045 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Spirit AeroSystems in the 2nd quarter worth approximately $15,241,000. Finally, Capital Fund Management S.A. raised its position in shares of Spirit AeroSystems by 329.3% in the 2nd quarter. Capital Fund Management S.A. now owns 226,660 shares of the aerospace company’s stock worth $18,443,000 after acquiring an additional 173,865 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.
SPR has been the subject of several research reports. Cowen reissued a “hold” rating and issued a $90.00 target price on shares of Spirit AeroSystems in a research report on Monday, July 8th. ValuEngine raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Barclays reaffirmed a “buy” rating and set a $95.00 price objective on shares of Spirit AeroSystems in a research report on Sunday, August 4th. Morgan Stanley reduced their price objective on Spirit AeroSystems from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, August 14th. Finally, SunTrust Banks lowered Spirit AeroSystems from a “hold” rating to a “sell” rating and reduced their price objective for the company from $93.00 to $75.00 in a research report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $94.43.
SPR stock traded down $0.57 on Tuesday, reaching $82.14. 13,633 shares of the company traded hands, compared to its average volume of 804,027. Spirit AeroSystems Holdings, Inc. has a one year low of $64.48 and a one year high of $100.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.96 and a quick ratio of 1.42. The company has a market cap of $8.62 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18. The firm has a fifty day simple moving average of $78.78 and a 200-day simple moving average of $82.65.
Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.07. Spirit AeroSystems had a return on equity of 56.85% and a net margin of 8.88%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the company earned $1.63 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts forecast that Spirit AeroSystems Holdings, Inc. will post 6.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 16th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, September 13th. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 7.67%.
Spirit AeroSystems Profile
Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and related spares, as well as maintenance, repairs, and overhaul (MRO) services.
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