Spirit Aerosystems Holdings, Inc. (SPR) Holdings Trimmed by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA cut its position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 53,994 shares of the aerospace company’s stock after selling 2,764 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Spirit Aerosystems Holdings were worth $4,196,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its position 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 purchasing an additional 160 shares during the period. Raymond James Trust N.A. acquired a new position in shares of Spirit Aerosystems Holdings during the 2nd quarter valued at $200,000. State of Alaska Department of Revenue grew its holdings in shares of Spirit Aerosystems Holdings by 6.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock worth $205,000 after acquiring an additional 222 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of Spirit Aerosystems Holdings in the 2nd quarter worth $217,000. Finally, Nine Chapters Capital Management LLC acquired a new position in shares of Spirit Aerosystems Holdings in the 3rd quarter worth $218,000. Institutional investors own 99.59% of the company’s stock.
Shares of Spirit Aerosystems Holdings, Inc. (NYSE SPR) opened at $80.73 on Friday. Spirit Aerosystems Holdings, Inc. has a 12 month low of $51.85 and a 12 month high of $84.75. The firm has a market capitalization of $9,334.33, a P/E ratio of 16.51, a PEG ratio of 1.43 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60.
Spirit Aerosystems Holdings (NYSE:SPR) last announced its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, hitting the consensus estimate of $1.26. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 31.14% and a net margin of 4.98%. Spirit Aerosystems Holdings’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 EPS. sell-side analysts predict that Spirit Aerosystems Holdings, Inc. will post 5.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Friday, December 15th. Spirit Aerosystems Holdings’s payout ratio is currently 14.08%.
Spirit Aerosystems Holdings announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the aerospace company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
SPR has been the topic of a number of recent research reports. Seaport Global Securities upgraded Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $83.00 in a report on Thursday, August 3rd. Cowen and Company restated a “buy” rating and issued a $69.00 target price on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 2nd. BidaskClub cut Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $68.00 target price on shares of Spirit Aerosystems Holdings in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $79.95.
In other Spirit Aerosystems Holdings news, Director Charles L. Chadwell sold 6,600 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $76.49, for a total transaction of $504,834.00. Following the transaction, the director now owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction of $752,564.80. Following the sale, the senior vice president now owns 93,258 shares of the company’s stock, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. Insiders sold a total of 21,688 shares of company stock worth $1,672,599 over the last three months. 0.28% of the stock is owned by company insiders.
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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