Cerebellum GP LLC Has $365,000 Stock Holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Cerebellum GP LLC raised its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 25.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,436 shares of the aerospace company’s stock after purchasing an additional 888 shares during the period. Cerebellum GP LLC’s holdings in Spirit AeroSystems were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ellevest Inc. acquired a new position in Spirit AeroSystems in the 2nd quarter valued at $28,000. Capital Bank & Trust Co acquired a new stake in shares of Spirit AeroSystems during the 2nd quarter worth $33,000. Parallel Advisors LLC grew its holdings in shares of Spirit AeroSystems by 1,685.2% during the 2nd quarter. Parallel Advisors LLC now owns 482 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 455 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spirit AeroSystems during the 2nd quarter worth $40,000. Finally, Doyle Wealth Management acquired a new stake in shares of Spirit AeroSystems during the 2nd quarter worth $46,000. 97.45% of the stock is currently owned by hedge funds and other institutional investors.

SPR opened at $83.00 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.42 and a current ratio of 1.96. Spirit AeroSystems Holdings, Inc. has a 52-week low of $64.48 and a 52-week high of $100.34. The firm has a market cap of $8.64 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 1.59 and a beta of 1.18. The business’s fifty day moving average is $82.46 and its 200-day moving average is $81.56.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.07. Spirit AeroSystems had a return on equity of 56.85% and a net margin of 8.88%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company earned $1.63 EPS. Spirit AeroSystems’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts predict that Spirit AeroSystems Holdings, Inc. will post 6.8 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Spirit AeroSystems’s dividend payout ratio is currently 7.67%.

In related news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.58, for a total transaction of $39,790.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.84% of the stock is owned by corporate insiders.

SPR has been the topic of several analyst reports. Credit Suisse Group lowered Spirit AeroSystems from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $101.00 to $83.00 in a report on Monday, July 15th. Morgan Stanley increased their target price on Spirit AeroSystems from $100.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Jefferies Financial Group lowered Spirit AeroSystems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $106.00 to $85.00 in a report on Tuesday, July 2nd. Zacks Investment Research lowered Spirit AeroSystems from a “hold” rating to a “sell” rating and set a $84.00 target price on the stock. in a report on Monday, July 8th. Finally, Barclays reissued a “buy” rating and set a $95.00 target price on shares of Spirit AeroSystems in a report on Sunday, August 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $94.66.

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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