Macquarie Group Ltd. lifted its position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 12.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,850 shares of the aerospace company’s stock after acquiring an additional 16,950 shares during the quarter. Macquarie Group Ltd. owned approximately 0.13% of Spirit Aerosystems Holdings worth $8,682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPR. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Spirit Aerosystems Holdings by 9.5% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock valued at $106,000 after acquiring an additional 160 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Spirit Aerosystems Holdings during the 2nd quarter valued at $200,000. State of Alaska Department of Revenue boosted its holdings in shares of Spirit Aerosystems Holdings by 6.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock valued at $205,000 after acquiring an additional 222 shares in the last quarter. Parametrica Management Ltd acquired a new stake in shares of Spirit Aerosystems Holdings during the 2nd quarter valued at $217,000. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Spirit Aerosystems Holdings by 23.2% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock valued at $228,000 after acquiring an additional 740 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

In other Spirit Aerosystems Holdings news, 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 completion of the sale, the director now directly owns 23,828 shares in the company, valued at $1,822,603.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the senior vice president now owns 93,258 shares of the company’s stock, valued at $6,957,046.80. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Wednesday, October 11th. Citigroup Inc. reissued a “buy” rating and set a $91.00 price objective (up previously from $85.00) on shares of Spirit Aerosystems Holdings in a report on Monday, October 9th. ValuEngine downgraded Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Canaccord Genuity reissued a “buy” rating and set a $86.00 price objective (up previously from $80.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, September 28th. Finally, Jefferies Group LLC raised their price objective on Spirit Aerosystems Holdings from $84.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $76.17.

Shares of Spirit Aerosystems Holdings, Inc. (NYSE SPR) opened at 79.54 on Monday. The company has a 50-day moving average price of $76.90 and a 200-day moving average price of $63.78. Spirit Aerosystems Holdings, Inc. has a 12 month low of $45.65 and a 12 month high of $80.20. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 28.56 and a beta of 1.36.

Spirit Aerosystems Holdings (NYSE:SPR) last issued its quarterly earnings data 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. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the business posted $1.21 earnings per share. Spirit Aerosystems Holdings’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts anticipate that Spirit Aerosystems Holdings, Inc. will post $5.24 EPS for the current year.

Spirit Aerosystems Holdings announced that its Board of Directors has approved a stock buyback program on Wednesday, August 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the aerospace company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th were issued a $0.10 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.40 annualized dividend and a yield of 0.50%. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.60%.

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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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