Federated Investors Inc. PA increased its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 64.5% during the fourth quarter, Holdings Channel reports. The fund owned 987,731 shares of the company’s stock after buying an additional 387,208 shares during the period. Federated Investors Inc. PA’s holdings in Spirit Aerosystems Holdings were worth $57,634,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of SPR. State of Alaska Department of Revenue boosted its position in shares of Spirit Aerosystems Holdings by 7.5% in the third quarter. State of Alaska Department of Revenue now owns 2,979 shares of the company’s stock worth $132,000 after buying an additional 208 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Spirit Aerosystems Holdings by 14.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,132 shares of the company’s stock worth $184,000 after buying an additional 509 shares during the last quarter. TradeLink Capital LLC acquired a new position in shares of Spirit Aerosystems Holdings during the third quarter worth approximately $205,000. Acrospire Investment Management LLC boosted its position in shares of Spirit Aerosystems Holdings by 42.6% in the third quarter. Acrospire Investment Management LLC now owns 4,689 shares of the company’s stock worth $209,000 after buying an additional 1,400 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new position in shares of Spirit Aerosystems Holdings during the fourth quarter worth approximately $222,000.
Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) traded down 0.35% during midday trading on Tuesday, hitting $57.37. 499,745 shares of the company were exchanged. The company has a 50-day moving average price of $57.89 and a 200-day moving average price of $51.83. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 15.51 and a beta of 1.33. Spirit Aerosystems Holdings, Inc. has a 52-week low of $41.27 and a 52-week high of $61.55.
Spirit Aerosystems Holdings (NYSE:SPR) last issued its earnings results on Wednesday, February 1st. The company reported $1.03 earnings per share for the quarter, hitting the consensus estimate of $1.03. Spirit Aerosystems Holdings had a return on equity of 29.36% and a net margin of 6.91%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the firm posted $0.95 EPS. The business’s revenue was down 2.4% compared to the same quarter last year. On average, analysts forecast that Spirit Aerosystems Holdings, Inc. will post $4.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Monday, March 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, March 16th. Spirit Aerosystems Holdings’s dividend payout ratio is 10.84%.
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A number of equities analysts have commented on SPR shares. Zacks Investment Research raised shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Wednesday, January 11th. Credit Suisse Group reissued a “buy” rating and issued a $62.00 price objective on shares of Spirit Aerosystems Holdings in a research note on Friday, November 4th. Barclays PLC reissued a “buy” rating and issued a $55.00 price objective on shares of Spirit Aerosystems Holdings in a research note on Thursday, November 3rd. Deutsche Bank AG raised their target price on shares of Spirit Aerosystems Holdings from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Monday, December 5th. Finally, Vertical Group downgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $58.61.
In other Spirit Aerosystems Holdings news, Director John L. Plueger bought 2,000 shares of the stock in a transaction on Tuesday, December 13th. The shares were purchased at an average price of $59.49 per share, with a total value of $118,980.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $118,980. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.
About Spirit Aerosystems Holdings
Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero-structures. The Company is a supplier of aero-structures to The Boeing Company (Boeing) and Airbus SAS (Airbus). The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.
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