Vident Investment Advisory LLC increased its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,971 shares of the aerospace company’s stock after acquiring an additional 3,432 shares during the period. Vident Investment Advisory LLC’s holdings in Spirit AeroSystems were worth $4,185,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $920,000. Hanseatic Management Services Inc. raised its position in 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 purchasing an additional 3,252 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $4,832,000. Cornercap Investment Counsel Inc. acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $387,000. Finally, Guggenheim Capital LLC acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $207,000. 97.48% of the stock is currently owned by hedge funds and other institutional investors.
In other Spirit AeroSystems news, SVP William Edward Brown sold 5,500 shares of the 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 completion of the sale, the senior vice president now directly owns 21,664 shares of the company’s stock, valued at approximately $2,000,887.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stacy Cozad sold 1,100 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $91.47, for a total value of $100,617.00. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.
Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Friday, February 2nd. The aerospace company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.10. Spirit AeroSystems had a return on equity of 34.03% and a net margin of 5.08%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. equities analysts predict that Spirit AeroSystems Holdings, Inc. will post 6.42 earnings per share for the current fiscal year.
Spirit AeroSystems announced that its board has authorized a share repurchase program on Friday, February 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Monday, March 19th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. Spirit AeroSystems’s payout ratio is 13.25%.
A number of equities research analysts have issued reports on SPR shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $86.00 price target on shares of Spirit AeroSystems in a research report on Friday, November 17th. ValuEngine downgraded Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. SunTrust Banks reiterated a “hold” rating and issued a $93.00 price objective on shares of Spirit AeroSystems in a report on Tuesday, January 9th. Zacks Investment Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Wednesday, January 10th. Finally, Wells Fargo & Co upgraded Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $97.11.
Spirit AeroSystems 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.
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