Gotham Asset Management LLC increased its stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 515,514 shares of the aerospace company’s stock after buying an additional 10,192 shares during the period. Gotham Asset Management LLC owned about 0.43% of Spirit Aerosystems Holdings worth $29,859,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its position in Spirit Aerosystems Holdings by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 3,317 shares of the aerospace company’s stock valued at $192,000 after buying an additional 149 shares in the last quarter. Allen Investment Management LLC increased its position in Spirit Aerosystems Holdings by 2.6% in the first quarter. Allen Investment Management LLC now owns 7,280 shares of the aerospace company’s stock valued at $422,000 after buying an additional 183 shares in the last quarter. New York State Teachers Retirement System increased its position in Spirit Aerosystems Holdings by 1.7% in the fourth quarter. New York State Teachers Retirement System now owns 11,700 shares of the aerospace company’s stock valued at $683,000 after buying an additional 200 shares in the last quarter. M&T Bank Corp increased its position in Spirit Aerosystems Holdings by 4.8% in the first quarter. M&T Bank Corp now owns 4,530 shares of the aerospace company’s stock valued at $261,000 after buying an additional 207 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in Spirit Aerosystems Holdings by 4.1% in the first quarter. Capstone Asset Management Co. now owns 6,600 shares of the aerospace company’s stock valued at $382,000 after buying an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 99.48% of the company’s stock.
Spirit Aerosystems Holdings, Inc. (NYSE SPR) remained flat at $57.82 during mid-day trading on Friday. 1,022,693 shares of the company were exchanged. The stock has a market cap of $6.97 billion, a PE ratio of 16.30 and a beta of 1.35. Spirit Aerosystems Holdings, Inc. has a 52-week low of $41.27 and a 52-week high of $62.90. The stock’s 50 day moving average price is $55.39 and its 200 day moving average price is $57.66.
Spirit Aerosystems Holdings (NYSE:SPR) last issued its earnings results on Wednesday, May 3rd. The aerospace company reported $1.17 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.17. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. Spirit Aerosystems Holdings had a net margin of 6.46% and a return on equity of 28.51%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share. On average, equities analysts predict that Spirit Aerosystems Holdings, Inc. will post $4.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Monday, June 19th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, June 15th. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 11.20%.
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Several research analysts have recently commented on the company. BidaskClub upgraded Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Standpoint Research downgraded Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Credit Suisse Group reiterated a “buy” rating and issued a $74.00 price objective on shares of Spirit Aerosystems Holdings in a report on Friday, May 5th. Finally, Barclays PLC lifted their price objective on Spirit Aerosystems Holdings from $62.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, March 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $62.08.
In other news, Director Richard A. Gephardt sold 4,247 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $58.00, for a total transaction of $246,326.00. Following the transaction, the director now directly owns 1,964 shares of the company’s stock, valued at $113,912. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.
Spirit Aerosystems Holdings 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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