Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 63.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 85,889 shares of the aerospace company’s stock after selling 149,160 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Spirit AeroSystems were worth $7,873,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in SPR. Truvestments Capital LLC acquired a new position in Spirit AeroSystems during the 3rd quarter worth about $154,000. Raymond James Financial Services Advisors Inc. acquired a new position in Spirit AeroSystems during the 2nd quarter worth about $222,000. Global Financial Private Capital LLC acquired a new position in Spirit AeroSystems during the 2nd quarter worth about $329,000. M Holdings Securities Inc. acquired a new position in Spirit AeroSystems during the 2nd quarter worth about $346,000. Finally, Strs Ohio lifted its holdings in Spirit AeroSystems by 257.8% during the 2nd quarter. Strs Ohio now owns 5,177 shares of the aerospace company’s stock worth $444,000 after buying an additional 3,730 shares during the period. 96.74% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $82.90, for a total value of $41,450.00. Following the transaction, the director now directly owns 1,493 shares of the company’s stock, valued at approximately $123,769.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John A. Pilla sold 9,642 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $84.01, for a total value of $810,024.42. Following the completion of the sale, the senior vice president now directly owns 21,866 shares of the company’s stock, valued at $1,836,962.66. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.
Several research analysts have commented on the company. UBS Group assumed coverage on Spirit AeroSystems in a report on Wednesday, August 15th. They set a “buy” rating and a $110.00 target price on the stock. Standpoint Research raised Spirit AeroSystems from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Wells Fargo & Co set a $105.00 target price on Spirit AeroSystems and gave the stock a “buy” rating in a report on Thursday, November 1st. Bank of America raised Spirit AeroSystems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $105.00 in a report on Thursday, November 8th. Finally, Credit Suisse Group boosted their price objective on Spirit AeroSystems from $102.00 to $103.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $106.27.
Shares of NYSE:SPR opened at $75.42 on Friday. The stock has a market capitalization of $8.22 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.06 and a current ratio of 1.57. Spirit AeroSystems Holdings, Inc. has a 1 year low of $74.97 and a 1 year high of $105.20.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, October 31st. The aerospace company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion. Spirit AeroSystems had a return on equity of 46.86% and a net margin of 7.92%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 EPS. On average, equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post 6.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Monday, December 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, December 14th. Spirit AeroSystems’s dividend payout ratio is 8.97%.
About Spirit AeroSystems
Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through 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 offers related spares and maintenance, repairs, and overhaul (MRO) services.
See Also: How to read a candlestick chart
Want to see what other hedge funds are holding SPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit AeroSystems Holdings, Inc. (NYSE:SPR).
Receive News & Ratings for Spirit AeroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems and related companies with MarketBeat.com's FREE daily email newsletter.