Metropolitan Life Insurance Co. NY held its stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,000 shares of the aerospace company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Spirit Aerosystems Holdings were worth $348,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. M&T Bank Corp boosted its stake in Spirit Aerosystems Holdings by 4.8% in the first quarter. M&T Bank Corp now owns 4,530 shares of the aerospace company’s stock worth $261,000 after buying an additional 207 shares during the last quarter. Breton Hill Capital Ltd. boosted its stake in Spirit Aerosystems Holdings by 12.4% in the first quarter. Breton Hill Capital Ltd. now owns 17,517 shares of the aerospace company’s stock worth $1,015,000 after buying an additional 1,932 shares during the last quarter. Lockheed Martin Investment Management Co. boosted its stake in Spirit Aerosystems Holdings by 66.7% in the first quarter. Lockheed Martin Investment Management Co. now owns 20,000 shares of the aerospace company’s stock worth $1,158,000 after buying an additional 8,000 shares during the last quarter. KBC Group NV boosted its stake in Spirit Aerosystems Holdings by 10.7% in the first quarter. KBC Group NV now owns 302,915 shares of the aerospace company’s stock worth $17,545,000 after buying an additional 29,164 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Spirit Aerosystems Holdings by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 3,317 shares of the aerospace company’s stock worth $192,000 after buying an additional 149 shares during the last quarter. 99.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) traded up 0.17% during trading on Friday, hitting $70.15. The stock had a trading volume of 840,032 shares. The stock’s 50-day moving average is $63.87 and its 200-day moving average is $58.81. Spirit Aerosystems Holdings, Inc. has a 12-month low of $42.26 and a 12-month high of $73.86. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 25.19 and a beta of 1.36.

Spirit Aerosystems Holdings (NYSE:SPR) last issued its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.37. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. On average, equities research analysts expect that Spirit Aerosystems Holdings, Inc. will post $5.16 EPS for the current year.

Spirit Aerosystems Holdings announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the aerospace company to buy up to 4.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders 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 annualized dividend and a dividend yield of 0.57%. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is 14.60%.

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SPR has been the subject of a number of recent analyst reports. Credit Suisse Group reissued a “buy” rating and issued a $74.00 price objective on shares of Spirit Aerosystems Holdings in a research report on Friday, May 5th. BidaskClub cut Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Morgan Stanley raised their price objective on Spirit Aerosystems Holdings from $66.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Canaccord Genuity raised their price objective on Spirit Aerosystems Holdings from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $69.56.

In other news, Director Richard A. Gephardt sold 4,247 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $58.00, for a total transaction of $246,326.00. Following the completion of the sale, the director now owns 1,964 shares in the company, valued at $113,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by corporate insiders.

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 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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