MUFG Securities EMEA plc Buys Shares of 58,876 Spirit AeroSystems Holdings, Inc. (NYSE:SPR)
MUFG Securities EMEA plc bought a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 58,876 shares of the aerospace company’s stock, valued at approximately $4,791,000. MUFG Securities EMEA plc owned approximately 0.06% of Spirit AeroSystems at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPR. Jennison Associates LLC increased its position in shares of Spirit AeroSystems by 8.0% during the second quarter. Jennison Associates LLC now owns 7,032 shares of the aerospace company’s stock worth $572,000 after purchasing an additional 523 shares in the last quarter. Redwood Investment Management LLC purchased a new stake in shares of Spirit AeroSystems during the first quarter worth $2,740,000. Neuberger Berman Group LLC grew its holdings in shares of Spirit AeroSystems by 1.8% during the first quarter. Neuberger Berman Group LLC now owns 629,145 shares of the aerospace company’s stock worth $57,582,000 after buying an additional 11,126 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Spirit AeroSystems by 323.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 82,918 shares of the aerospace company’s stock worth $7,589,000 after buying an additional 63,319 shares in the last quarter. Finally, Highland Capital Management LLC acquired a new stake in shares of Spirit AeroSystems in the second quarter valued at about $889,000. Institutional investors and hedge funds own 98.50% of the company’s stock.
In other news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.58, for a total transaction of $39,790.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is owned by company insiders.
Shares of SPR traded up $1.97 during mid-day trading on Wednesday, reaching $86.47. The stock had a trading volume of 43,453 shares, compared to its average volume of 966,211. Spirit AeroSystems Holdings, Inc. has a 52-week low of $64.48 and a 52-week high of $100.34. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.57 and a beta of 1.18. The business’s fifty day moving average is $76.90 and its 200 day moving average is $83.48. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.96 and a quick ratio of 1.42.
Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, July 31st. The aerospace company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. Spirit AeroSystems had a net margin of 8.88% and a return on equity of 56.85%. Spirit AeroSystems’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 earnings per share. As a group, sell-side analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 6.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 16th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Spirit AeroSystems’s dividend payout ratio (DPR) is 7.67%.
Spirit AeroSystems Company Profile
Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.
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