UBS Asset Management Americas Inc. grew its holdings in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 1,425.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,255,618 shares of the aerospace company’s stock after purchasing an additional 2,107,710 shares during the period. UBS Asset Management Americas Inc. owned approximately 1.91% of Spirit Aerosystems Holdings worth $130,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board raised its position in shares of Spirit Aerosystems Holdings by 449.6% in the second quarter. Canada Pension Plan Investment Board now owns 75,300 shares of the aerospace company’s stock valued at $4,363,000 after purchasing an additional 61,600 shares during the period. M&T Bank Corp raised its position in shares of 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 valued at $261,000 after purchasing an additional 207 shares during the period. BB&T Securities LLC bought a new stake in shares of Spirit Aerosystems Holdings in the second quarter valued at approximately $817,000. Credit Suisse AG raised its position in shares of Spirit Aerosystems Holdings by 33.2% in the first quarter. Credit Suisse AG now owns 339,285 shares of the aerospace company’s stock valued at $19,651,000 after purchasing an additional 84,561 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in shares of Spirit Aerosystems Holdings in the second quarter valued at approximately $3,786,000. 98.61% of the stock is currently owned by institutional investors.

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In other news, Director Charles L. Chadwell sold 6,600 shares of Spirit Aerosystems Holdings stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the sale, the director now owns 23,828 shares in the company, valued at $1,822,603.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP John A. Pilla sold 10,088 shares of Spirit Aerosystems Holdings stock in a transaction that occurred 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 disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

Several research firms have recently issued reports on SPR. Seaport Global Securities raised shares of Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and boosted their price target for the company from $62.00 to $83.00 in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) raised shares of Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and boosted their price target for the company from $54.00 to $68.00 in a research report on Thursday, August 10th. Canaccord Genuity reissued a “buy” rating and issued a $80.00 price target (up previously from $65.00) on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Thursday, August 10th. Finally, Morgan Stanley boosted their price target on shares of Spirit Aerosystems Holdings from $66.00 to $81.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $72.94.

Spirit Aerosystems Holdings, Inc. (NYSE SPR) traded down 0.12% during trading on Wednesday, reaching $77.89. 60,142 shares of the company’s stock were exchanged. The company has a market cap of $9.22 billion, a P/E ratio of 27.97 and a beta of 1.31. Spirit Aerosystems Holdings, Inc. has a 12-month low of $42.37 and a 12-month high of $78.14. The stock’s 50-day moving average is $72.33 and its 200-day moving average is $61.20.

Spirit Aerosystems Holdings (NYSE:SPR) last released its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.37. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the business earned $1.21 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Analysts predict that Spirit Aerosystems Holdings, Inc. will post $5.22 EPS for the current fiscal year.

The company also recently announced 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, September 15th. Spirit Aerosystems Holdings’s payout ratio is 14.60%.

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

Spirit Aerosystems Holdings 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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