B. Riley Financial Inc. Takes $426,000 Position in Spirit AeroSystems Holdings, Inc. (SPR)
B. Riley Financial Inc. bought a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,483 shares of the aerospace company’s stock, valued at approximately $426,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of SPR. Boston Partners purchased a new position in shares of Spirit AeroSystems in the second quarter worth $140,460,000. UBS Asset Management Americas Inc. increased its stake in shares of Spirit AeroSystems by 1,425.0% in the second quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock worth $130,691,000 after buying an additional 2,107,710 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Spirit AeroSystems in the third quarter worth $52,067,000. Koch Industries Inc. purchased a new position in shares of Spirit AeroSystems in the second quarter worth $524,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Spirit AeroSystems by 79.9% in the third quarter. JPMorgan Chase & Co. now owns 745,016 shares of the aerospace company’s stock worth $57,813,000 after buying an additional 330,903 shares during the period. 96.21% of the stock is currently owned by institutional investors.
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 sale, the director now owns 23,828 shares in the company, valued at approximately $1,822,603.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $84.13, for a total transaction of $42,065.00. Following the sale, the director now owns 1,964 shares in the company, valued at approximately $165,231.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,100 shares of company stock worth $962,099. Company insiders own 0.28% of the company’s stock.
Shares of Spirit AeroSystems Holdings, Inc. (NYSE SPR) traded down $1.76 during mid-day trading on Wednesday, hitting $82.24. 999,600 shares of the stock were exchanged, compared to its average volume of 1,031,859. Spirit AeroSystems Holdings, Inc. has a 1 year low of $51.85 and a 1 year high of $84.96. The company has a market cap of $9,712.42, a PE ratio of 17.18, a PEG ratio of 1.49 and a beta of 1.16. 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 (NYSE:SPR) last announced its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.26. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the business posted $1.16 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. equities research analysts expect 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, December 15th. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 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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