Gotham Asset Management LLC trimmed its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 54.4% during the 4th quarter, HoldingsChannel reports. The fund owned 76,565 shares of the aerospace company’s stock after selling 91,453 shares during the period. Gotham Asset Management LLC’s holdings in Spirit AeroSystems were worth $6,680,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Macquarie Group Ltd. grew its holdings in Spirit AeroSystems by 14.0% during the 4th quarter. Macquarie Group Ltd. now owns 183,200 shares of the aerospace company’s stock worth $15,984,000 after acquiring an additional 22,430 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in Spirit AeroSystems by 7.7% during the 4th quarter. Vident Investment Advisory LLC now owns 47,971 shares of the aerospace company’s stock worth $4,185,000 after acquiring an additional 3,432 shares in the last quarter. LPL Financial LLC bought a new stake in shares of Spirit AeroSystems in the 4th quarter valued at about $920,000. Hanseatic Management Services Inc. boosted its holdings in shares of Spirit AeroSystems by 43.9% in the 4th quarter. Hanseatic Management Services Inc. now owns 10,654 shares of the aerospace company’s stock valued at $930,000 after buying an additional 3,252 shares in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Spirit AeroSystems in the 4th quarter valued at about $4,832,000. Institutional investors own 97.48% of the company’s stock.
In other Spirit AeroSystems news, SVP Stacy Cozad sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $91.47, for a total transaction of $100,617.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William Edward Brown sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $92.36, for a total transaction of $507,980.00. Following the transaction, the senior vice president now directly owns 21,664 shares of the company’s stock, valued at $2,000,887.04. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Friday, February 2nd. The aerospace company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.10. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.66 billion. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. Spirit AeroSystems’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 6.42 earnings per share for the current fiscal year.
Spirit AeroSystems declared that its board has initiated a share repurchase program on Friday, February 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Monday, March 19th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, March 16th. Spirit AeroSystems’s payout ratio is currently 13.25%.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Wednesday, January 10th. ValuEngine cut shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Canaccord Genuity restated a “buy” rating and issued a $115.00 price target on shares of Spirit AeroSystems in a report on Monday, January 29th. Jefferies Group restated a “buy” rating and issued a $112.00 price target on shares of Spirit AeroSystems in a report on Monday, February 5th. Finally, Cowen restated a “buy” rating and issued a $110.00 price target on shares of Spirit AeroSystems in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $98.89.
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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