Wells Fargo & Company MN Reduces Holdings in Spirit AeroSystems Holdings, Inc. (SPR)

Wells Fargo & Company MN decreased its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 13.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,958,507 shares of the aerospace company’s stock after selling 304,292 shares during the quarter. Wells Fargo & Company MN’s holdings in Spirit AeroSystems were worth $170,881,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Fisher Asset Management LLC grew its stake in shares of Spirit AeroSystems by 839.5% in the third quarter. Fisher Asset Management LLC now owns 138,680 shares of the aerospace company’s stock worth $10,778,000 after acquiring an additional 123,919 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Spirit AeroSystems by 67.5% in the third quarter. Alyeska Investment Group L.P. now owns 554,578 shares of the aerospace company’s stock worth $43,102,000 after acquiring an additional 223,413 shares in the last quarter. Lockheed Martin Investment Management Co. grew its stake in shares of Spirit AeroSystems by 30.0% in the third quarter. Lockheed Martin Investment Management Co. now owns 26,000 shares of the aerospace company’s stock worth $2,021,000 after acquiring an additional 6,000 shares in the last quarter. Caxton Associates LP acquired a new position in shares of Spirit AeroSystems in the third quarter worth $420,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Spirit AeroSystems by 2.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 405,486 shares of the aerospace company’s stock worth $31,515,000 after acquiring an additional 9,822 shares in the last quarter. Institutional investors and hedge funds own 97.39% of the company’s stock.

In related news, SVP William Edward Brown sold 5,500 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $92.36, for a total value of $507,980.00. Following the completion of the sale, the senior vice president now directly owns 21,664 shares of the company’s stock, valued at $2,000,887.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $84.13, for a total transaction of $42,065.00. Following the completion of the sale, the director now directly owns 1,964 shares of the company’s stock, valued at $165,231.32. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

SPR has been the subject of several research reports. Wells Fargo & Co upgraded shares of Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Royal Bank of Canada set a $77.00 price target on shares of Spirit AeroSystems and gave the stock a “sell” rating in a research note on Sunday, November 12th. Credit Suisse Group boosted their price target on shares of Spirit AeroSystems from $88.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. ValuEngine downgraded shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Finally, Cowen restated a “buy” rating and issued a $110.00 price target on shares of Spirit AeroSystems in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $95.50.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) opened at $92.35 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 1.64. The company has a market cap of $10,569.18, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.33 and a beta of 1.37. Spirit AeroSystems Holdings, Inc. has a 12 month low of $51.85 and a 12 month high of $105.20.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Friday, February 2nd. The aerospace company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.10. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year. analysts expect that Spirit AeroSystems Holdings, Inc. will post 6.4 EPS for the current year.

Spirit AeroSystems announced that its Board of Directors has authorized a share 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 purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared 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. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 13.25%.

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Spirit AeroSystems 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 (NYSE:SPR)

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