Victory Capital Management Inc. reduced its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 16.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,856 shares of the aerospace company’s stock after selling 7,419 shares during the quarter. Victory Capital Management Inc.’s holdings in Spirit AeroSystems were worth $3,373,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can raised its stake in Spirit AeroSystems by 0.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 29,127 shares of the aerospace company’s stock worth $2,002,000 after acquiring an additional 129 shares in the last quarter. Creative Planning grew its holdings in shares of Spirit AeroSystems by 4.6% during the fourth quarter. Creative Planning now owns 4,349 shares of the aerospace company’s stock worth $313,000 after purchasing an additional 190 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Spirit AeroSystems by 66.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 200 shares during the last quarter. BMT Investment Advisors grew its holdings in shares of Spirit AeroSystems by 0.9% during the first quarter. BMT Investment Advisors now owns 23,527 shares of the aerospace company’s stock worth $2,153,000 after purchasing an additional 204 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its holdings in shares of Spirit AeroSystems by 5.2% during the fourth quarter. IFM Investors Pty Ltd now owns 6,344 shares of the aerospace company’s stock worth $457,000 after purchasing an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.
SPR has been the topic of several research analyst reports. Zacks Investment Research cut Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Cowen restated a “hold” rating and set a $93.00 target price on shares of Spirit AeroSystems in a report on Wednesday, May 1st. Sanford C. Bernstein restated an “outperform” rating and set a $112.00 target price (up previously from $102.00) on shares of Spirit AeroSystems in a report on Friday, February 8th. Seaport Global Securities cut Spirit AeroSystems from a “buy” rating to a “neutral” rating and set a $98.64 target price on the stock. in a report on Tuesday, March 5th. Finally, Vertical Research cut Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 target price on the stock. in a report on Wednesday, March 6th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $101.47.
Shares of SPR stock traded up $1.31 during trading hours on Friday, hitting $82.64. 974,270 shares of the company’s stock were exchanged, compared to its average volume of 1,035,319. The stock has a market capitalization of $8.55 billion, a PE ratio of 13.20, a PEG ratio of 1.55 and a beta of 1.38. Spirit AeroSystems Holdings, Inc. has a 52 week low of $64.48 and a 52 week high of $100.34. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.39 and a current ratio of 1.95.
Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.01. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Spirit AeroSystems had a return on equity of 63.36% and a net margin of 8.78%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 earnings per share. As a group, analysts forecast that Spirit AeroSystems Holdings, Inc. will post 7.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Monday, June 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, June 14th. Spirit AeroSystems’s dividend payout ratio is 7.67%.
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Spirit AeroSystems Company 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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