Spirit Aerosystems Holdings, Inc. (SPR) Shares Bought by Royal Bank of Canada

Royal Bank of Canada raised its holdings in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 13.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 256,035 shares of the aerospace company’s stock after buying an additional 31,006 shares during the period. Royal Bank of Canada owned about 0.22% of Spirit Aerosystems Holdings worth $14,833,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SPR. M&T Bank Corp raised its stake in Spirit Aerosystems Holdings by 4.8% in the first quarter. M&T Bank Corp now owns 4,530 shares of the aerospace company’s stock valued at $261,000 after buying an additional 207 shares during the period. Stifel Financial Corp raised its stake in Spirit Aerosystems Holdings by 3.4% in the first quarter. Stifel Financial Corp now owns 22,873 shares of the aerospace company’s stock valued at $1,325,000 after buying an additional 754 shares during the period. Victory Capital Management Inc. raised its stake in Spirit Aerosystems Holdings by 13.4% in the first quarter. Victory Capital Management Inc. now owns 19,392 shares of the aerospace company’s stock valued at $1,123,000 after buying an additional 2,294 shares during the period. Alliancebernstein L.P. raised its stake in Spirit Aerosystems Holdings by 44.6% in the first quarter. Alliancebernstein L.P. now owns 126,570 shares of the aerospace company’s stock valued at $7,331,000 after buying an additional 39,068 shares during the period. Finally, Wellington Management Group LLP raised its stake in Spirit Aerosystems Holdings by 40.9% in the first quarter. Wellington Management Group LLP now owns 124,287 shares of the aerospace company’s stock valued at $7,199,000 after buying an additional 36,090 shares during the period. Hedge funds and other institutional investors own 98.66% of the company’s stock.

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Spirit Aerosystems Holdings, Inc. (NYSE SPR) opened at 79.54 on Friday. Spirit Aerosystems Holdings, Inc. has a 12 month low of $45.65 and a 12 month high of $80.20. The company’s 50-day moving average price is $76.75 and its 200 day moving average price is $63.69. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 28.56 and a beta of 1.36.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.37. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The company’s revenue was down .2% on a year-over-year basis. Analysts forecast that Spirit Aerosystems Holdings, Inc. will post $5.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th were given a dividend of $0.10 per share. The ex-dividend date was Friday, September 15th. This represents a $0.40 annualized dividend and a yield of 0.50%. Spirit Aerosystems Holdings’s payout ratio is 14.60%.

Spirit Aerosystems Holdings declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the aerospace company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

In other news, SVP John A. Pilla sold 10,088 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total transaction of $752,564.80. Following the completion of the transaction, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at $6,957,046.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles L. Chadwell sold 6,600 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the transaction, the director now directly owns 23,828 shares of the company’s stock, valued at $1,822,603.72. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Several equities analysts have recently commented on the company. Seaport Global Securities raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and upped their target price for the company from $62.00 to $83.00 in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) raised Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and upped their target price for the company from $54.00 to $68.00 in a research report on Thursday, August 10th. ValuEngine downgraded Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 target price (up previously from $65.00) on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.17.

Spirit Aerosystems Holdings Company Profile

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 Holdings (NYSE:SPR)

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