Victory Capital Management Inc. increased its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 21.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,598 shares of the aerospace company’s stock after buying an additional 4,206 shares during the period. Victory Capital Management Inc.’s holdings in Spirit Aerosystems Holdings were worth $1,367,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its holdings in shares of Spirit Aerosystems Holdings by 449.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 75,300 shares of the aerospace company’s stock worth $4,363,000 after buying an additional 61,600 shares during the period. M&T Bank Corp boosted its holdings in shares of Spirit Aerosystems Holdings by 4.8% during the 1st 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 period. BB&T Securities LLC bought a new stake in shares of Spirit Aerosystems Holdings during the 2nd quarter worth about $817,000. KBC Group NV boosted its holdings in shares of Spirit Aerosystems Holdings by 10.7% during the 1st 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 period. Finally, Credit Suisse AG boosted its holdings in shares of Spirit Aerosystems Holdings by 33.2% during the 1st 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 period. 98.60% of the stock is owned by institutional investors and hedge funds.

Spirit Aerosystems Holdings, Inc. (SPR) opened at 75.32 on Thursday. The company’s 50 day moving average is $69.99 and its 200-day moving average is $60.64. The firm has a market cap of $8.91 billion, a P/E ratio of 27.04 and a beta of 1.31. Spirit Aerosystems Holdings, Inc. has a 52-week low of $42.26 and a 52-week high of $76.15.

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

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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, September 15th. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.60%.

Spirit Aerosystems Holdings declared that its board has initiated a stock repurchase program on Wednesday, August 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the aerospace company to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other news, SVP John A. Pilla sold 10,088 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total transaction of $752,564.80. Following the sale, the senior vice president now owns 93,258 shares in the company, valued at approximately $6,957,046.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.28% of the company’s stock.

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Several brokerages recently commented on SPR. Cowen and Company reaffirmed a “buy” rating and set a $69.00 target price on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 2nd. Credit Suisse Group reiterated an “outperform” rating and issued a $80.00 price objective (up previously from $74.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday, August 3rd. ValuEngine upgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub cut shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $86.00 price objective on shares of Spirit Aerosystems Holdings in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Spirit Aerosystems Holdings currently has a consensus rating of “Buy” and a consensus target price of $72.94.

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

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