Stifel Financial Corp reduced its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 38.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,807 shares of the aerospace company’s stock after selling 5,399 shares during the period. Stifel Financial Corp’s holdings in Spirit AeroSystems were worth $682,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of SPR. Nine Chapters Capital Management LLC bought a new position in shares of Spirit AeroSystems in the third quarter valued at approximately $218,000. Quantitative Systematic Strategies LLC bought a new position in shares of Spirit AeroSystems in the third quarter valued at approximately $227,000. Commonwealth Equity Services Inc bought a new position in shares of Spirit AeroSystems in the third quarter valued at approximately $228,000. Raymond James Trust N.A. bought a new position in shares of Spirit AeroSystems in the second quarter valued at approximately $200,000. Finally, OLD National Bancorp IN bought a new position in shares of Spirit AeroSystems in the third quarter valued at approximately $285,000. 96.12% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $84.13, for a total value of $42,065.00. Following the sale, the director now directly owns 1,964 shares of the company’s stock, valued at $165,231.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Duane F. Hawkins sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $83.04, for a total transaction of $415,200.00. Following the completion of the sale, the senior vice president now owns 39,374 shares of the company’s stock, valued at $3,269,616.96. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.
Several equities analysts recently commented on SPR shares. Canaccord Genuity reiterated a “buy” rating and issued a $86.00 price objective on shares of Spirit AeroSystems in a research note on Tuesday, October 31st. Buckingham Research upped their price objective on Spirit AeroSystems from $53.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, September 28th. Royal Bank of Canada set a $77.00 price objective on Spirit AeroSystems and gave the company a “sell” rating in a research note on Sunday, November 12th. Cowen restated an “outperform” rating and set a $88.00 target price (up previously from $79.00) on shares of Spirit AeroSystems in a research report on Thursday, September 28th. Finally, Zacks Investment Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. Spirit AeroSystems has a consensus rating of “Buy” and an average target price of $84.11.
Spirit AeroSystems Holdings, Inc. (NYSE SPR) opened at $96.55 on Friday. Spirit AeroSystems Holdings, Inc. has a 12 month low of $51.85 and a 12 month high of $96.70. The company has a market capitalization of $11,160.00, a price-to-earnings ratio of 34.00, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.26. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $1.16 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Monday, December 18th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 14.08%.
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Spirit AeroSystems 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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