Two Sigma Advisers LP trimmed its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 26.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 435,681 shares of the aerospace company’s stock after selling 154,400 shares during the quarter. Two Sigma Advisers LP owned 0.38% of Spirit AeroSystems worth $38,013,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Strs Ohio acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $130,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $166,000. Guggenheim Capital LLC acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $207,000. LS Investment Advisors LLC acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $208,000. Finally, American International Group Inc. acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $211,000. 97.48% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on SPR shares. Seaport Global Securities reissued a “buy” rating and issued a $120.00 price target on shares of Spirit AeroSystems in a report on Thursday, January 18th. ValuEngine raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley upped their price target on shares of Spirit AeroSystems from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Royal Bank of Canada set a $100.00 price target on shares of Spirit AeroSystems and gave the company a “sell” rating in a report on Tuesday, January 23rd. Finally, Wells Fargo upgraded Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Spirit AeroSystems currently has a consensus rating of “Buy” and an average target price of $97.11.
Shares of Spirit AeroSystems Holdings, Inc. (SPR) opened at $85.47 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.64. The stock has a market capitalization of $9,891.85, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.24 and a beta of 1.45. Spirit AeroSystems Holdings, Inc. has a twelve month low of $51.85 and a twelve month high of $105.20.
Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Friday, February 2nd. The aerospace company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.10. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. Spirit AeroSystems had a return on equity of 34.03% and a net margin of 5.08%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS. equities analysts expect that Spirit AeroSystems Holdings, Inc. will post 6.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be issued a $0.10 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. Spirit AeroSystems’s dividend payout ratio is 13.25%.
Spirit AeroSystems declared that its Board of Directors has authorized a share repurchase plan on Friday, February 2nd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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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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