Globeflex Capital L P maintained its stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,257 shares of the aerospace company’s stock at the close of the second quarter. Globeflex Capital L P’s holdings in Spirit Aerosystems Holdings were worth $247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SPR. BlackRock Inc. raised its position in shares of Spirit Aerosystems Holdings by 11,339.0% during the first quarter. BlackRock Inc. now owns 6,131,965 shares of the aerospace company’s stock valued at $355,164,000 after buying an additional 6,078,359 shares during the last quarter. Boston Partners acquired a new position in shares of Spirit Aerosystems Holdings during the second quarter valued at about $140,460,000. UBS Asset Management Americas Inc. raised its position in shares of Spirit Aerosystems Holdings by 1,425.0% during the second quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock valued at $130,691,000 after buying an additional 2,107,710 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Spirit Aerosystems Holdings by 5.6% during the first quarter. Vanguard Group Inc. now owns 11,549,361 shares of the aerospace company’s stock valued at $668,939,000 after buying an additional 616,129 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Spirit Aerosystems Holdings by 12.7% during the first quarter. AQR Capital Management LLC now owns 3,883,585 shares of the aerospace company’s stock valued at $224,937,000 after buying an additional 436,784 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

Shares of Spirit Aerosystems Holdings, Inc. (SPR) opened at 77.72 on Friday. The firm has a 50-day moving average of $72.33 and a 200 day moving average of $61.20. Spirit Aerosystems Holdings, Inc. has a 12-month low of $43.30 and a 12-month high of $79.21. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 27.91 and a beta of 1.31.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate 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 analyst estimates of $1.74 billion. During the same period in the prior year, the firm posted $1.21 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts expect that Spirit Aerosystems Holdings, Inc. will post $5.24 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Monday, September 18th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Friday, September 15th. Spirit Aerosystems Holdings’s dividend payout ratio is currently 14.60%.

In other news, SVP John A. Pilla sold 10,088 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total value of $752,564.80. Following the sale, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at approximately $6,957,046.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charles L. Chadwell sold 6,600 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 23,828 shares in the company, valued at $1,822,603.72. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

A number of research analysts have recently commented on the stock. BidaskClub raised shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Cowen and Company reissued an “outperform” rating and issued a $79.00 price target (up previously 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 previously from $67.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, July 13th. 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. Finally, Robert W. Baird reissued a “buy” rating and issued a $86.00 price target on shares of Spirit Aerosystems Holdings in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $75.28.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/30/spirit-aerosystems-holdings-inc-spr-holdings-maintained-by-globeflex-capital-l-p.html.

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.

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

Receive News & Stock Ratings for Spirit Aerosystems Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Aerosystems Holdings Inc. and related stocks with our FREE daily email newsletter.