Teachers Advisors LLC Sells 13,793 Shares of Spirit AeroSystems Holdings, Inc. (SPR)

Teachers Advisors LLC lowered its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 4.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 310,959 shares of the aerospace company’s stock after selling 13,793 shares during the quarter. Teachers Advisors LLC’s holdings in Spirit AeroSystems were worth $27,131,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Hanseatic Management Services Inc. lifted its stake in shares of Spirit AeroSystems by 43.9% during the 4th quarter. Hanseatic Management Services Inc. now owns 10,654 shares of the aerospace company’s stock worth $930,000 after purchasing an additional 3,252 shares during the period. Stone Ridge Asset Management LLC purchased a new position in shares of Spirit AeroSystems during the 4th quarter worth $4,832,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Spirit AeroSystems during the 4th quarter worth $387,000. Guggenheim Capital LLC purchased a new position in shares of Spirit AeroSystems during the 4th quarter worth $207,000. Finally, Franklin Resources Inc. purchased a new position in shares of Spirit AeroSystems during the 4th quarter worth $3,625,000. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, SVP Stacy Cozad sold 1,100 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $91.47, for a total transaction of $100,617.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William Edward Brown sold 5,500 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $92.36, for a total value of $507,980.00. Following the sale, the senior vice president now owns 21,664 shares of the company’s stock, valued at $2,000,887.04. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

SPR has been the topic of a number of recent analyst reports. ValuEngine lowered Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. SunTrust Banks reissued a “hold” rating and set a $93.00 price target on shares of Spirit AeroSystems in a research note on Tuesday, January 9th. Zacks Investment Research raised Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Wednesday, January 10th. Wells Fargo raised Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Finally, Seaport Global Securities reissued a “buy” rating and set a $120.00 price target on shares of Spirit AeroSystems in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $98.89.

Shares of SPR stock opened at $83.18 on Friday. The company has a market capitalization of $9,555.25, a price-to-earnings ratio of 15.69, a PEG ratio of 1.20 and a beta of 1.45. The company has a current ratio of 1.64, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. Spirit AeroSystems Holdings, Inc. has a twelve month low of $51.85 and a twelve month high of $105.20.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Friday, February 2nd. The aerospace company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.10. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. Spirit AeroSystems had a return on equity of 34.03% and a net margin of 5.08%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. research analysts predict that Spirit AeroSystems Holdings, Inc. will post 6.42 earnings per share for the current year.

Spirit AeroSystems announced that its Board of Directors has initiated a stock repurchase plan on Friday, February 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. Spirit AeroSystems’s payout ratio is 13.25%.

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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.

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

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