LSV Asset Management Trims Holdings in Spirit AeroSystems Holdings, Inc. (SPR)
LSV Asset Management trimmed its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,038,207 shares of the aerospace company’s stock after selling 115,451 shares during the quarter. LSV Asset Management owned 4.75% of Spirit AeroSystems worth $363,204,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of SPR. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Spirit AeroSystems by 66.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 200 shares during the period. First Mercantile Trust Co. lifted its position in shares of Spirit AeroSystems by 43.8% in the 4th quarter. First Mercantile Trust Co. now owns 1,150 shares of the aerospace company’s stock worth $83,000 after purchasing an additional 350 shares during the period. Capital Guardian Trust Co. acquired a new position in shares of Spirit AeroSystems in the 3rd quarter worth approximately $105,000. Truvestments Capital LLC acquired a new position in shares of Spirit AeroSystems in the 3rd quarter worth approximately $154,000. Finally, Cerebellum GP LLC acquired a new position in shares of Spirit AeroSystems in the 4th quarter worth approximately $249,000. 97.62% of the stock is currently owned by hedge funds and other institutional investors.
SPR has been the topic of a number of recent analyst reports. Wells Fargo & Co set a $105.00 price target on shares of Spirit AeroSystems and gave the stock a “buy” rating in a research report on Thursday, November 1st. Credit Suisse Group boosted their price target on shares of Spirit AeroSystems from $102.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Bank of America upgraded shares of Spirit AeroSystems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $105.00 in a research report on Thursday, November 8th. Canaccord Genuity restated a “buy” rating and issued a $95.00 price target (down previously from $100.00) on shares of Spirit AeroSystems in a research report on Monday, December 17th. Finally, Cowen restated a “buy” rating and issued a $100.00 price target on shares of Spirit AeroSystems in a research report on Friday, January 4th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $104.23.
Spirit AeroSystems (NYSE:SPR) last released its earnings results on Friday, February 1st. The aerospace company reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. Spirit AeroSystems had a net margin of 8.54% and a return on equity of 56.15%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company earned $1.32 EPS. Spirit AeroSystems’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post 7.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 8th. Investors of record on Monday, March 18th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.51%. Spirit AeroSystems’s payout ratio is presently 7.67%.
In related news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $82.90, for a total transaction of $41,450.00. Following the transaction, the director now owns 1,493 shares in the company, valued at approximately $123,769.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stacy Cozad sold 3,200 shares of the business’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $93.39, for a total transaction of $298,848.00. Following the sale, the senior vice president now owns 21,036 shares of the company’s stock, valued at approximately $1,964,552.04. The disclosure for this sale can be found here. Insiders have sold a total of 28,342 shares of company stock worth $2,537,672 in the last quarter. 0.87% of the stock is owned by corporate insiders.
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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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