Virginia Retirement Systems ET AL boosted its position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 1.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 167,000 shares of the aerospace company’s stock after buying an additional 1,900 shares during the period. Virginia Retirement Systems ET AL owned 0.14% of Spirit Aerosystems Holdings worth $9,676,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of SPR. M&T Bank Corp raised 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. raised 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. raised 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 raised 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, Credit Suisse AG raised its stake in Spirit Aerosystems Holdings by 33.2% in the first quarter. Credit Suisse AG now owns 339,285 shares of the aerospace company’s stock worth $19,651,000 after buying an additional 84,561 shares during the last quarter. Institutional investors own 99.25% of the company’s stock.

Spirit Aerosystems Holdings, Inc. (NYSE SPR) opened at 70.58 on Friday. The company has a market cap of $8.35 billion, a P/E ratio of 25.34 and a beta of 1.36. Spirit Aerosystems Holdings, Inc. has a 52 week low of $42.26 and a 52 week high of $73.86. The firm has a 50-day moving average price of $65.07 and a 200 day moving average price of $59.21.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.37. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business earned $1.21 EPS. Spirit Aerosystems Holdings’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts expect that Spirit Aerosystems Holdings, Inc. will post $5.19 EPS for the current fiscal year.

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

The company 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 annualized dividend and a yield of 0.57%. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is currently 14.60%.

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A number of research firms recently commented on SPR. BidaskClub raised Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. UBS AG raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Tuesday, May 9th. Cowen and Company reissued an “outperform” rating and issued a $79.00 price target (up from $69.00) on shares of Spirit Aerosystems Holdings in a research report on Tuesday, August 8th. Morgan Stanley reissued an “overweight” rating and issued a $66.00 price target (down from $67.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, July 13th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $80.00 price target (up from $65.00) on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $70.69.

In other Spirit Aerosystems Holdings news, Director Richard A. Gephardt sold 4,247 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 1,964 shares in the company, valued at approximately $113,912. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.28% of the stock is currently owned by 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.

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

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