River Road Asset Management LLC Lowers Position in Spirit Aerosystems Holdings, Inc. (SPR)

River Road Asset Management LLC lowered its position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 69.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,176 shares of the aerospace company’s stock after selling 253,611 shares during the period. River Road Asset Management LLC owned approximately 95,652.47% of Spirit Aerosystems Holdings worth $8,796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Spirit Aerosystems Holdings by 2.4% in the 2nd quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock worth $363,874,000 after acquiring an additional 148,240 shares during the period. Boston Partners grew its holdings in shares of Spirit Aerosystems Holdings by 74.5% in the 3rd quarter. Boston Partners now owns 4,230,462 shares of the aerospace company’s stock worth $328,791,000 after acquiring an additional 1,806,228 shares during the period. LSV Asset Management grew its holdings in shares of Spirit Aerosystems Holdings by 9.8% in the 2nd quarter. LSV Asset Management now owns 3,468,615 shares of the aerospace company’s stock worth $200,971,000 after acquiring an additional 308,900 shares during the period. Prudential PLC grew its holdings in shares of Spirit Aerosystems Holdings by 2.8% in the 2nd quarter. Prudential PLC now owns 2,821,693 shares of the aerospace company’s stock worth $163,489,000 after acquiring an additional 77,385 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Spirit Aerosystems Holdings by 1,425.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock worth $130,691,000 after acquiring an additional 2,107,710 shares during the period. Institutional investors and hedge funds own 99.60% of the company’s stock.

In related news, SVP John A. Pilla sold 10,088 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total value of $752,564.80. Following the transaction, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at approximately $6,957,046.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Duane F. Hawkins sold 5,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $83.04, for a total value of $415,200.00. Following the completion of the transaction, the senior vice president now directly owns 39,374 shares in the company, valued at $3,269,616.96. The disclosure for this sale can be found here. Insiders sold a total of 21,688 shares of company stock worth $1,672,599 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

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Shares of Spirit Aerosystems Holdings, Inc. (SPR) traded up $0.50 on Friday, hitting $80.70. The company had a trading volume of 518,260 shares, compared to its average volume of 928,950. The company has a quick ratio of 0.89, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. The stock has a market cap of $9,489.34, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.42 and a beta of 1.16. Spirit Aerosystems Holdings, Inc. has a twelve month low of $51.85 and a twelve month high of $84.75.

Spirit Aerosystems Holdings (NYSE:SPR) last issued its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, hitting the consensus estimate of $1.26. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 31.14% and a net margin of 4.98%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $1.16 EPS. equities research analysts forecast that Spirit Aerosystems Holdings, Inc. will post 5.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Friday, December 15th. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is currently 14.08%.

Spirit Aerosystems Holdings declared that its Board of Directors has authorized a stock repurchase program on Wednesday, August 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the aerospace company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

A number of brokerages have commented on SPR. Cowen and Company reiterated a “buy” rating and set a $69.00 target price on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 2nd. Zacks Investment Research cut Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Citigroup Inc. reiterated a “buy” rating and set a $91.00 target price (up previously from $85.00) on shares of Spirit Aerosystems Holdings in a report on Monday, October 9th. Berenberg Bank began coverage on Spirit Aerosystems Holdings in a report on Tuesday. They set a “buy” rating and a $100.00 target price on the stock. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $80.00 target price (up previously from $74.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $79.57.

Spirit Aerosystems Holdings 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.

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Institutional Ownership by Quarter for Spirit Aerosystems Holdings (NYSE:SPR)

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