Brandywine Global Investment Management LLC increased its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,270 shares of the aerospace company’s stock after purchasing an additional 1,619 shares during the period. Brandywine Global Investment Management LLC’s holdings in Spirit AeroSystems were worth $9,968,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Scopia Capital Management LP increased its holdings in Spirit AeroSystems by 6.1% in the 3rd quarter. Scopia Capital Management LP now owns 5,361,113 shares of the aerospace company’s stock valued at $491,453,000 after acquiring an additional 310,584 shares during the last quarter. OZ Management LP increased its holdings in Spirit AeroSystems by 33.1% in the 3rd quarter. OZ Management LP now owns 2,711,165 shares of the aerospace company’s stock valued at $248,533,000 after acquiring an additional 674,692 shares during the last quarter. FMR LLC increased its holdings in Spirit AeroSystems by 12.9% in the 3rd quarter. FMR LLC now owns 2,321,501 shares of the aerospace company’s stock valued at $212,811,000 after acquiring an additional 265,361 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in Spirit AeroSystems by 1.8% in the 3rd quarter. OppenheimerFunds Inc. now owns 1,669,049 shares of the aerospace company’s stock valued at $153,002,000 after acquiring an additional 28,957 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Spirit AeroSystems by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 1,113,218 shares of the aerospace company’s stock valued at $80,201,000 after acquiring an additional 158,183 shares during the last quarter. Hedge funds and other institutional investors own 94.61% of the company’s stock.
In related news, Director Paul E. Fulchino sold 20,000 shares of Spirit AeroSystems stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $95.33, for a total transaction of $1,906,600.00. Following the completion of the transaction, the director now directly owns 12,234 shares of the company’s stock, valued at approximately $1,166,267.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $99.60, for a total transaction of $49,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,700 shares of company stock valued at $5,032,198. 0.84% of the stock is owned by corporate insiders.
Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Friday, February 1st. The aerospace company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. Spirit AeroSystems had a net margin of 8.54% and a return on equity of 55.88%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the company posted $1.32 EPS. The business’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts expect that Spirit AeroSystems Holdings, Inc. will post 7.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 8th. Investors of record on Monday, March 18th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. Spirit AeroSystems’s dividend payout ratio is presently 7.67%.
A number of analysts have issued reports on SPR shares. SunTrust Banks lifted their price target on shares of Spirit AeroSystems to $96.00 and gave the company an “in-line” rating in a report on Monday, February 4th. Barclays reissued a “buy” rating on shares of Spirit AeroSystems in a research note on Wednesday, March 13th. Zacks Investment Research cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Vertical Research cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 price objective for the company. in a research note on Wednesday, March 6th. Finally, ValuEngine raised shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $103.43.
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Spirit AeroSystems Profile
Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.
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