Rhumbline Advisers decreased its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 18.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 114,534 shares of the aerospace company’s stock after selling 25,788 shares during the period. Rhumbline Advisers owned 0.09% of Spirit Aerosystems Holdings worth $6,636,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its position in Spirit Aerosystems Holdings by 11,339.0% in the first quarter. BlackRock Inc. now owns 6,131,965 shares of the aerospace company’s stock worth $355,164,000 after buying an additional 6,078,359 shares during the period. Boston Partners purchased a new position in Spirit Aerosystems Holdings during the second quarter worth about $140,460,000. LSV Asset Management increased its position in Spirit Aerosystems Holdings by 85.6% in the first quarter. LSV Asset Management now owns 3,159,715 shares of the aerospace company’s stock worth $183,010,000 after buying an additional 1,457,025 shares during the period. Vanguard Group Inc. increased its position in Spirit Aerosystems Holdings by 5.6% in the first quarter. Vanguard Group Inc. now owns 11,549,361 shares of the aerospace company’s stock worth $668,939,000 after buying an additional 616,129 shares during the period. Finally, AQR Capital Management LLC increased its position in Spirit Aerosystems Holdings by 12.7% in the first quarter. AQR Capital Management LLC now owns 3,883,585 shares of the aerospace company’s stock worth $224,937,000 after buying an additional 436,784 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Shares of Spirit Aerosystems Holdings, Inc. (NYSE SPR) opened at 71.71 on Tuesday. The firm’s 50-day moving average price is $65.44 and its 200-day moving average price is $59.32. The company has a market capitalization of $8.48 billion, a PE ratio of 25.75 and a beta of 1.36. Spirit Aerosystems Holdings, Inc. has a 12-month low of $42.26 and a 12-month high of $73.86.

Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.37. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. On average, analysts expect that Spirit Aerosystems Holdings, Inc. will post $5.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, September 15th. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.60%.

Spirit Aerosystems Holdings declared that its board has authorized a share repurchase plan on Wednesday, August 2nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the aerospace company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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A number of equities analysts have recently issued reports on SPR shares. Credit Suisse Group restated a “buy” rating and issued a $74.00 price target on shares of Spirit Aerosystems Holdings in a research note on Friday, May 5th. BidaskClub downgraded Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Jefferies Group LLC set a $68.00 price target on Spirit Aerosystems Holdings and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Cowen and Company restated a “buy” rating and issued a $69.00 price target on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 2nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $66.00 price target (down from $67.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Spirit Aerosystems Holdings currently has an average rating of “Hold” and an average target price of $70.69.

In other Spirit Aerosystems Holdings news, Director Richard A. Gephardt sold 4,247 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $58.00, for a total value of $246,326.00. Following the sale, the director now owns 1,964 shares of the company’s stock, valued at $113,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Spirit Aerosystems Holdings (NYSE:SPR)

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