Spirit AeroSystems Holdings, Inc. (SPR) Shares Sold by KBC Group NV
KBC Group NV lowered its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 24.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,489 shares of the aerospace company’s stock after selling 64,200 shares during the quarter. KBC Group NV owned 0.17% of Spirit AeroSystems worth $15,816,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its position in Spirit AeroSystems by 839.5% during the 3rd quarter. Fisher Asset Management LLC now owns 138,680 shares of the aerospace company’s stock worth $10,778,000 after purchasing an additional 123,919 shares in the last quarter. Koch Industries Inc. purchased a new stake in Spirit AeroSystems during the 2nd quarter worth about $524,000. Lockheed Martin Investment Management Co. increased its position in Spirit AeroSystems by 30.0% during the 3rd quarter. Lockheed Martin Investment Management Co. now owns 26,000 shares of the aerospace company’s stock worth $2,021,000 after purchasing an additional 6,000 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Spirit AeroSystems by 449.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 75,300 shares of the aerospace company’s stock worth $4,363,000 after purchasing an additional 61,600 shares in the last quarter. Finally, BB&T Securities LLC purchased a new stake in Spirit AeroSystems during the 2nd quarter worth about $817,000. Institutional investors and hedge funds own 96.21% of the company’s stock.
A number of analysts recently commented on the company. Berenberg Bank assumed coverage on Spirit AeroSystems in a research report on Tuesday, November 7th. They set a “buy” rating and a $100.00 price objective for the company. Zacks Investment Research cut Spirit AeroSystems from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Canaccord Genuity reiterated a “buy” rating and set a $86.00 price objective on shares of Spirit AeroSystems in a research report on Friday, November 17th. Royal Bank Of Canada set a $77.00 price objective on Spirit AeroSystems and gave the stock a “sell” rating in a research report on Sunday, November 12th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $85.00 price target (up from $78.00) on shares of Spirit AeroSystems in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $79.95.
Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded down $1.28 during trading hours on Friday, reaching $82.97. The company’s stock had a trading volume of 1,154,259 shares, compared to its average volume of 1,135,633. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. Spirit AeroSystems Holdings, Inc. has a 12-month low of $51.85 and a 12-month high of $84.96. The firm has a market cap of $9,741.32, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, meeting the consensus estimate of $1.26. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. equities analysts predict that Spirit AeroSystems Holdings, Inc. will post 5.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, December 15th. Spirit AeroSystems’s dividend payout ratio is currently 14.08%.
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Spirit AeroSystems 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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