Martingale Asset Management L P lowered its holdings in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 197,782 shares of the aerospace company’s stock after selling 16,400 shares during the quarter. Martingale Asset Management L P owned about 0.17% of Spirit Aerosystems Holdings worth $11,461,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its position in Spirit Aerosystems Holdings by 9.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock valued at $106,000 after purchasing an additional 160 shares during the period. Focused Wealth Management Inc grew its position in Spirit Aerosystems Holdings by 68.8% in the 1st quarter. Focused Wealth Management Inc now owns 2,700 shares of the aerospace company’s stock valued at $156,000 after purchasing an additional 1,100 shares during the period. State of Alaska Department of Revenue grew its position in Spirit Aerosystems Holdings by 6.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock valued at $205,000 after purchasing an additional 222 shares during the period. Parametrica Management Ltd acquired a new stake in Spirit Aerosystems Holdings in the 2nd quarter valued at $217,000. Finally, PNC Financial Services Group Inc. grew its position in Spirit Aerosystems Holdings by 20.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,248 shares of the aerospace company’s stock valued at $247,000 after purchasing an additional 710 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

In related news, SVP John A. Pilla sold 10,088 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total transaction of $752,564.80. Following the sale, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at $6,957,046.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.28% of the company’s stock.

SPR has been the subject of several research reports. ValuEngine raised shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. UBS AG reaffirmed a “buy” rating and set a $81.00 price objective (up from $63.00) on shares of Spirit Aerosystems Holdings in a report on Monday, August 21st. BidaskClub downgraded shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Morgan Stanley lifted their price objective on shares of Spirit Aerosystems Holdings from $66.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. Finally, Zacks Investment Research raised shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $72.06.

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Spirit Aerosystems Holdings, Inc. (SPR) opened at 75.63 on Monday. The stock has a market capitalization of $8.95 billion, a P/E ratio of 27.16 and a beta of 1.31. The company has a 50 day moving average of $69.19 and a 200-day moving average of $60.41. Spirit Aerosystems Holdings, Inc. has a one year low of $42.26 and a one year high of $76.15.

Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, beating the 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 company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm posted $1.21 earnings per share. Spirit Aerosystems Holdings’s revenue was down .2% compared to the same quarter last year. Equities research analysts predict that Spirit Aerosystems Holdings, Inc. will post $5.19 earnings per share for the current fiscal year.

Spirit Aerosystems Holdings announced that its board has approved a stock repurchase plan on Wednesday, August 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the aerospace company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Monday, September 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.60%.

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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