Flinton Capital Management LLC grew its holdings in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 9.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,112 shares of the aerospace company’s stock after buying an additional 3,856 shares during the quarter. Flinton Capital Management LLC’s holdings in Spirit Aerosystems Holdings were worth $2,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of Spirit Aerosystems Holdings by 9.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock valued at $106,000 after buying an additional 160 shares during the last quarter. Raymond James Trust N.A. acquired a new position in shares of Spirit Aerosystems Holdings during the second quarter valued at about $200,000. State of Alaska Department of Revenue grew its holdings in shares of Spirit Aerosystems Holdings by 6.7% during the second quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock valued at $205,000 after buying an additional 222 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of Spirit Aerosystems Holdings during the second quarter valued at about $217,000. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Spirit Aerosystems Holdings by 23.2% during the second quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock valued at $228,000 after buying an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

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Several research analysts recently weighed in on the stock. ValuEngine cut shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday. Zacks Investment Research lowered shares of Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $86.00 price objective (up previously from $80.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, September 28th. Jefferies Group LLC lifted their price objective on shares of Spirit Aerosystems Holdings from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 28th. Finally, Buckingham Research lifted their price objective on shares of Spirit Aerosystems Holdings from $53.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. Spirit Aerosystems Holdings currently has a consensus rating of “Hold” and an average price target of $75.28.

In other news, Director Charles L. Chadwell sold 6,600 shares of the business’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 of the company’s stock, valued at $1,822,603.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 93,258 shares of the company’s stock, valued at $6,957,046.80. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) traded down 0.311% during midday trading on Friday, hitting $78.435. 26,147 shares of the stock were exchanged. Spirit Aerosystems Holdings, Inc. has a 1-year low of $45.04 and a 1-year high of $79.71. The company has a market capitalization of $9.28 billion, a P/E ratio of 28.163 and a beta of 1.36. The firm has a 50-day moving average of $75.26 and a 200-day moving average of $62.75.

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, topping the consensus estimate of $1.20 by $0.37. The company had revenue of $1.83 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 earnings per share. On average, equities analysts expect that Spirit Aerosystems Holdings, Inc. will post $5.24 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders 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 dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, September 15th. Spirit Aerosystems Holdings’s dividend payout ratio is currently 14.60%.

Spirit Aerosystems Holdings announced that its Board of Directors has initiated a share buyback plan on Wednesday, August 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the aerospace company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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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