Spirit AeroSystems Holdings, Inc. (SPR) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP decreased its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 923,378 shares of the aerospace company’s stock after selling 761 shares during the period. Dimensional Fund Advisors LP owned 0.78% of Spirit AeroSystems worth $71,764,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Raymond James Trust N.A. bought a new stake in shares of Spirit AeroSystems during the 2nd quarter valued at about $200,000. Nine Chapters Capital Management LLC bought a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at about $218,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at about $227,000. Hillsdale Investment Management Inc. boosted its position in shares of Spirit AeroSystems by 23.2% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock valued at $228,000 after purchasing an additional 740 shares in the last quarter. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at about $228,000. Institutional investors own 96.12% of the company’s stock.
SPR has been the topic of several research analyst reports. Robert W. Baird restated a “buy” rating and set a $86.00 target price on shares of Spirit AeroSystems in a research report on Friday, September 8th. Jefferies Group upped their target price on Spirit AeroSystems from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 28th. Citigroup restated a “buy” rating and set a $85.00 target price on shares of Spirit AeroSystems in a research report on Tuesday, September 26th. Canaccord Genuity restated a “buy” rating and set a $86.00 target price (up previously from $80.00) on shares of Spirit AeroSystems in a research report on Thursday, September 28th. Finally, ValuEngine lowered Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Spirit AeroSystems presently has an average rating of “Buy” and a consensus price target of $81.68.
In other news, SVP Duane F. Hawkins sold 5,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $83.04, for a total value of $415,200.00. Following the completion of the sale, the senior vice president now directly owns 39,374 shares of the company’s stock, valued at $3,269,616.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $84.13, for a total value of $42,065.00. Following the completion of the sale, the director now directly owns 1,964 shares of the company’s stock, valued at $165,231.32. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
Spirit AeroSystems Holdings, Inc. (SPR) opened at $86.78 on Wednesday. The stock has a market capitalization of $10,030.00, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $87.61.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.26. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 earnings per share. equities analysts expect that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, December 15th. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 14.08%.
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Spirit AeroSystems 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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