Public Employees Retirement System of Ohio Sells 2,689 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Public Employees Retirement System of Ohio cut its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 7.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,599 shares of the aerospace company’s stock after selling 2,689 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Spirit AeroSystems were worth $2,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC grew its stake in shares of Spirit AeroSystems by 5.8% in the first quarter. AQR Capital Management LLC now owns 4,654,106 shares of the aerospace company’s stock worth $425,944,000 after purchasing an additional 255,883 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Spirit AeroSystems by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 1,113,218 shares of the aerospace company’s stock worth $80,201,000 after purchasing an additional 158,183 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Spirit AeroSystems by 57.6% in the second quarter. Prudential Financial Inc. now owns 938,924 shares of the aerospace company’s stock worth $76,401,000 after buying an additional 343,033 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Spirit AeroSystems by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 846,217 shares of the aerospace company’s stock worth $61,000,000 after buying an additional 37,859 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Spirit AeroSystems by 17.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 827,188 shares of the aerospace company’s stock worth $75,558,000 after buying an additional 122,970 shares during the period. 97.28% of the stock is currently owned by institutional investors.

In other news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.58, for a total transaction of $39,790.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by company insiders.

Several brokerages have commented on SPR. Credit Suisse Group lowered shares of Spirit AeroSystems from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $101.00 to $83.00 in a report on Monday, July 15th. Jefferies Financial Group lowered shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $106.00 to $85.00 in a report on Tuesday, July 2nd. Zacks Investment Research lowered shares of Spirit AeroSystems from a “hold” rating to a “sell” rating and set a $84.00 price objective for the company. in a report on Monday, July 8th. Morgan Stanley lowered their price objective on shares of Spirit AeroSystems from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, August 14th. Finally, Cowen restated a “hold” rating and issued a $90.00 price objective on shares of Spirit AeroSystems in a report on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Spirit AeroSystems presently has an average rating of “Hold” and a consensus target price of $94.43.

Shares of SPR stock traded up $0.41 during trading hours on Monday, hitting $84.80. 20,104 shares of the company’s stock traded hands, compared to its average volume of 933,589. The stock’s fifty day simple moving average is $77.12 and its two-hundred day simple moving average is $83.35. Spirit AeroSystems Holdings, Inc. has a 12-month low of $64.48 and a 12-month high of $100.34. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.59 and a beta of 1.18. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 1.47.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Wednesday, July 31st. The aerospace company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.07. Spirit AeroSystems had a net margin of 8.88% and a return on equity of 56.85%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business earned $1.63 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post 6.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. Spirit AeroSystems’s payout ratio is 7.67%.

About Spirit AeroSystems

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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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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