D.A. Davidson & CO. increased its holdings in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,498 shares of the aerospace company’s stock after buying an additional 336 shares during the quarter. D.A. Davidson & CO.’s holdings in Spirit Aerosystems Holdings were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its stake in Spirit Aerosystems Holdings by 449.6% in 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 last quarter. M&T Bank Corp grew its holdings in Spirit Aerosystems Holdings by 4.8% in the 1st quarter. M&T Bank Corp now owns 4,530 shares of the aerospace company’s stock valued at $261,000 after buying an additional 207 shares during the period. BB&T Securities LLC purchased a new stake in Spirit Aerosystems Holdings in the 2nd quarter valued at about $817,000. Credit Suisse AG grew its holdings in Spirit Aerosystems Holdings by 33.2% in the 1st quarter. Credit Suisse AG now owns 339,285 shares of the aerospace company’s stock valued at $19,651,000 after buying an additional 84,561 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in Spirit Aerosystems Holdings in the 2nd quarter valued at about $3,786,000. Hedge funds and other institutional investors own 98.66% of the company’s stock.

In other Spirit Aerosystems Holdings news, SVP John A. Pilla sold 10,088 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total transaction of $752,564.80. Following the transaction, the senior vice president now directly owns 93,258 shares in the company, valued at $6,957,046.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles L. Chadwell sold 6,600 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $76.49, for a total value of $504,834.00. Following the transaction, the director now 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.

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Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) opened at 77.72 on Monday. Spirit Aerosystems Holdings, Inc. has a one year low of $43.94 and a one year high of $79.29. The company’s 50 day moving average price is $72.33 and its 200 day moving average price is $61.20. The stock has a market capitalization of $9.20 billion, a P/E ratio of 27.91 and a beta of 1.36.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.37. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. Spirit Aerosystems Holdings’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.21 EPS. On average, equities analysts expect that Spirit Aerosystems Holdings, Inc. will post $5.24 earnings per share for the current year.

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 issued a $0.10 dividend. 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 dividend payout ratio is presently 14.60%.

Spirit Aerosystems Holdings declared that its Board of Directors has approved a share buyback 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 shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

A number of research analysts have recently commented on the stock. Cowen and Company reaffirmed a “buy” rating and set a $69.00 price objective on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 2nd. Credit Suisse Group reissued an “outperform” rating and issued a $80.00 target price (up from $74.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, August 3rd. ValuEngine raised shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Robert W. Baird restated a “buy” rating and issued a $86.00 target price on shares of Spirit Aerosystems Holdings in a report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $75.28.

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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