Spirit Aerosystems Holdings, Inc. (SPR) Position Raised by AQR Capital Management LLC

AQR Capital Management LLC raised its position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 12.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,883,585 shares of the aerospace company’s stock after buying an additional 436,784 shares during the period. AQR Capital Management LLC owned 3.22% of Spirit Aerosystems Holdings worth $224,937,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SPR. Vanguard Group Inc. raised 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. BlackRock Inc. raised 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. Wells Fargo & Company MN raised its position in Spirit Aerosystems Holdings by 11.1% in the first quarter. Wells Fargo & Company MN now owns 3,695,032 shares of the aerospace company’s stock worth $214,016,000 after buying an additional 369,308 shares during the period. LSV Asset Management raised 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. Finally, State Street Corp raised its position in Spirit Aerosystems Holdings by 7.4% in the fourth quarter. State Street Corp now owns 2,067,508 shares of the aerospace company’s stock worth $120,641,000 after buying an additional 142,702 shares during the period. 99.48% of the stock is owned by institutional investors.

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

Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) remained flat at $57.82 during trading on Friday. 1,022,693 shares of the company’s stock traded hands. Spirit Aerosystems Holdings, Inc. has a 12-month low of $41.27 and a 12-month high of $62.90. The firm has a market cap of $6.97 billion, a P/E ratio of 16.30 and a beta of 1.35. The firm’s 50-day moving average is $55.39 and its 200 day moving average is $57.66.

Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings results on Wednesday, May 3rd. The aerospace company reported $1.17 earnings per share for the quarter, hitting the consensus estimate of $1.17. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Spirit Aerosystems Holdings had a net margin of 6.46% and a return on equity of 28.51%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share. Equities research analysts forecast that Spirit Aerosystems Holdings, Inc. will post $4.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Investors of record on Monday, June 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. Spirit Aerosystems Holdings’s dividend payout ratio is presently 11.20%.

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A number of equities analysts have commented on the company. Credit Suisse Group restated a “buy” rating and set a $74.00 price objective on shares of Spirit Aerosystems Holdings in a research note on Friday, May 5th. Standpoint Research lowered Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Barclays PLC raised their price objective on Spirit Aerosystems Holdings from $62.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, March 20th. Finally, BidaskClub upgraded Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $62.08.

In related news, Director Richard A. Gephardt sold 4,247 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $58.00, for a total value of $246,326.00. Following the transaction, the director now owns 1,964 shares of the company’s stock, valued at $113,912. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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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