Spirit AeroSystems Holdings, Inc. (SPR) Position Lifted by NumerixS Investment Technologies Inc
NumerixS Investment Technologies Inc lifted its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 116.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,588 shares of the aerospace company’s stock after buying an additional 5,690 shares during the period. NumerixS Investment Technologies Inc’s holdings in Spirit AeroSystems were worth $897,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Guggenheim Capital LLC bought a new position in Spirit AeroSystems in the fourth quarter worth approximately $207,000. HL Financial Services LLC bought a new position in shares of Spirit AeroSystems in the first quarter valued at approximately $253,000. Wells Fargo & Company MN lifted its holdings in shares of Spirit AeroSystems by 1.7% in the first quarter. Wells Fargo & Company MN now owns 1,992,466 shares of the aerospace company’s stock valued at $166,769,000 after purchasing an additional 33,959 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Spirit AeroSystems by 0.9% in the first quarter. Rhumbline Advisers now owns 114,928 shares of the aerospace company’s stock valued at $9,619,000 after purchasing an additional 973 shares in the last quarter. Finally, Fulton Bank N.A. bought a new position in shares of Spirit AeroSystems in the first quarter valued at approximately $201,000.
Shares of Spirit AeroSystems stock opened at $85.46 on Friday. The firm has a market cap of $9.22 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.41. Spirit AeroSystems Holdings, Inc. has a 12 month low of $71.22 and a 12 month high of $105.20. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.04 and a current ratio of 1.52.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 9th. Investors of record on Monday, September 17th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 8.97%.
In other Spirit AeroSystems news, Director Charles L. Chadwell sold 11,500 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $87.33, for a total value of $1,004,295.00. Following the completion of the sale, the director now directly owns 13,821 shares of the company’s stock, valued at $1,206,987.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard A. Gephardt sold 8,000 shares of the firm’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $89.33, for a total value of $714,640.00. The disclosure for this sale can be found here. Insiders have sold 26,420 shares of company stock worth $2,316,751 over the last quarter. 0.87% of the stock is currently owned by corporate insiders.
SPR has been the topic of a number of recent research reports. Zacks Investment Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Tuesday, July 10th. Canaccord Genuity dropped their target price on Spirit AeroSystems from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, May 3rd. Cowen restated a “buy” rating and issued a $100.00 target price on shares of Spirit AeroSystems in a report on Wednesday, August 1st. ValuEngine upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. Finally, UBS Group initiated coverage on Spirit AeroSystems in a report on Wednesday, August 15th. They issued a “buy” rating and a $110.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $101.21.
Spirit AeroSystems Company Profile
Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and offers related spares and maintenance, repairs, and overhaul (MRO) services.
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