Bank of America Corp DE lowered its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 53.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 367,981 shares of the aerospace company’s stock after selling 417,579 shares during the period. Bank of America Corp DE owned about 0.31% of Spirit Aerosystems Holdings worth $21,313,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in SPR. New Century Investment Management Inc. purchased a new stake in shares of Spirit Aerosystems Holdings during the fourth quarter worth about $469,000. Macquarie Group Ltd. raised its stake in Spirit Aerosystems Holdings by 110.4% in the fourth quarter. Macquarie Group Ltd. now owns 107,700 shares of the aerospace company’s stock worth $6,284,000 after buying an additional 56,500 shares in the last quarter. Pegasus Partners Ltd. raised its stake in Spirit Aerosystems Holdings by 1.8% in the fourth quarter. Pegasus Partners Ltd. now owns 16,571 shares of the aerospace company’s stock worth $967,000 after buying an additional 296 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Spirit Aerosystems Holdings by 105.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 468,023 shares of the aerospace company’s stock worth $27,309,000 after buying an additional 240,343 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Spirit Aerosystems Holdings during the fourth quarter worth $1,970,000. 98.20% of the stock is currently owned by institutional investors.

Shares of Spirit Aerosystems Holdings, Inc. (NYSE SPR) traded up 0.39% on Thursday, reaching $72.00. 3,121,981 shares of the company’s stock were exchanged. Spirit Aerosystems Holdings, Inc. has a 1-year low of $42.26 and a 1-year high of $73.86. The stock’s 50-day moving average price is $58.97 and its 200-day moving average price is $57.64. The company has a market capitalization of $8.68 billion, a P/E ratio of 20.11 and a beta of 1.36.

Spirit Aerosystems Holdings (NYSE:SPR) last issued its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.37. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 28.51% and a net margin of 6.46%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. Analysts anticipate that Spirit Aerosystems Holdings, Inc. will post $4.86 EPS for the current fiscal year.

Spirit Aerosystems Holdings announced that its board has initiated a stock buyback program on Wednesday, August 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the aerospace company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.56%. Spirit Aerosystems Holdings’s payout ratio is currently 11.20%.

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A number of equities analysts recently commented on the stock. Cowen and Company reiterated a “buy” rating and set a $69.00 target price on shares of Spirit Aerosystems Holdings in a research note on Wednesday. Credit Suisse Group reiterated an “outperform” rating and set a $80.00 target price (up previously from $74.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday. UBS AG upgraded shares of Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Tuesday, May 9th. BidaskClub downgraded shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $68.00 price objective on shares of Spirit Aerosystems Holdings in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Spirit Aerosystems Holdings presently has a consensus rating of “Hold” and an average target price of $66.06.

In other Spirit Aerosystems Holdings news, Director Richard A. Gephardt sold 4,247 shares of Spirit Aerosystems Holdings stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $58.00, for a total transaction of $246,326.00. Following the completion of the transaction, the director now owns 1,964 shares in the company, valued at approximately $113,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

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.

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

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