US Bancorp DE grew its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 8.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,482 shares of the aerospace company’s stock after purchasing an additional 661 shares during the period. US Bancorp DE’s holdings in Spirit AeroSystems were worth $777,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in shares of Spirit AeroSystems by 0.4% during the 2nd quarter. Victory Capital Management Inc. now owns 140,786 shares of the aerospace company’s stock worth $12,095,000 after acquiring an additional 581 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Spirit AeroSystems by 15.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 6,031 shares of the aerospace company’s stock worth $553,000 after acquiring an additional 796 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Spirit AeroSystems by 11.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,348 shares of the aerospace company’s stock worth $718,000 after acquiring an additional 856 shares in the last quarter. BRYN MAWR TRUST Co boosted its stake in shares of Spirit AeroSystems by 1.3% during the 2nd quarter. BRYN MAWR TRUST Co now owns 67,954 shares of the aerospace company’s stock worth $5,838,000 after acquiring an additional 869 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Spirit AeroSystems by 2.1% during the 2nd quarter. Aperio Group LLC now owns 49,248 shares of the aerospace company’s stock worth $4,231,000 after acquiring an additional 990 shares in the last quarter. Institutional investors own 99.19% of the company’s stock.
SPR stock opened at $78.30 on Friday. Spirit AeroSystems Holdings, Inc. has a 1 year low of $77.54 and a 1 year high of $105.20. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.06 and a current ratio of 1.57. The company has a market capitalization of $8.39 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.65 and a beta of 1.25.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Monday, December 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, December 14th. Spirit AeroSystems’s payout ratio is currently 8.97%.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. UBS Group assumed coverage on Spirit AeroSystems in a research note on Wednesday, August 15th. They set a “buy” rating and a $110.00 price target on the stock. Cowen reissued a “buy” rating and set a $100.00 price target on shares of Spirit AeroSystems in a research note on Wednesday, August 1st. Credit Suisse Group boosted their price target on Spirit AeroSystems from $102.00 to $103.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Finally, Bank of America decreased their price target on Spirit AeroSystems from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $106.27.
In related news, SVP John A. Pilla sold 9,642 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $84.01, for a total value of $810,024.42. Following the sale, the senior vice president now owns 21,866 shares of the company’s stock, valued at approximately $1,836,962.66. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $85.37, for a total value of $42,685.00. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.
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About Spirit AeroSystems
Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through 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 offers related spares and maintenance, repairs, and overhaul (MRO) services.
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