5,560 Shares in Spirit Aerosystems Holdings, Inc. (SPR) Purchased by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. bought a new stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,560 shares of the aerospace company’s stock, valued at approximately $432,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantitative Systematic Strategies LLC bought a new position in shares of Spirit Aerosystems Holdings during the third quarter valued at approximately $227,000. Raymond James Trust N.A. bought a new position in shares of Spirit Aerosystems Holdings during the second quarter valued at approximately $200,000. State of Alaska Department of Revenue increased its stake 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 purchasing an additional 222 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of Spirit Aerosystems Holdings during the second quarter valued at approximately $217,000. Finally, Hillsdale Investment Management Inc. increased its stake 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 purchasing an additional 740 shares in the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on SPR shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $68.00 target price on shares of Spirit Aerosystems Holdings in a research note on Tuesday, July 25th. BidaskClub cut shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Cowen and Company reiterated a “buy” rating and set a $69.00 price target on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 2nd. Seaport Global Securities upgraded shares of Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and increased their price target for the company from $62.00 to $83.00 in a report on Thursday, August 3rd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $80.00 price target (up previously from $74.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $79.95.
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Shares of Spirit Aerosystems Holdings, Inc. (SPR) opened at $82.71 on Wednesday. The company has a market cap of $9,397.92, a price-to-earnings ratio of 16.62, a PEG ratio of 1.44 and a beta of 1.16. Spirit Aerosystems Holdings, Inc. has a 52-week low of $51.85 and a 52-week high of $84.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.56.
Spirit Aerosystems Holdings (NYSE:SPR) last announced its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.98% and a return on equity of 31.14%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS. analysts anticipate that Spirit Aerosystems Holdings, Inc. will post 5.22 earnings per share for the current fiscal year.
Spirit Aerosystems Holdings announced that its Board of Directors has initiated a share repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Monday, December 18th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. Spirit Aerosystems Holdings’s dividend payout ratio is currently 14.08%.
In other Spirit Aerosystems Holdings news, Director Charles L. Chadwell sold 6,600 shares of Spirit Aerosystems Holdings stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total value of $504,834.00. Following the sale, the director now directly owns 23,828 shares in the company, valued at approximately $1,822,603.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of Spirit Aerosystems Holdings stock in a transaction on Monday, November 6th. The shares were sold at an average price of $83.04, for a total transaction of $415,200.00. Following the completion of the sale, the senior vice president now owns 39,374 shares in the company, valued at $3,269,616.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,688 shares of company stock worth $1,672,599. 0.28% of the stock is currently owned by insiders.
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.
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