Pendal Group Ltd Has $4.66 Million Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)
Pendal Group Ltd grew its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 256.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,295 shares of the aerospace company’s stock after purchasing an additional 41,233 shares during the period. Pendal Group Ltd owned about 0.06% of Spirit AeroSystems worth $4,662,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of SPR. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spirit AeroSystems in the 2nd quarter valued at $40,000. Truvestments Capital LLC acquired a new stake in shares of Spirit AeroSystems in the 1st quarter valued at $42,000. Smithfield Trust Co. boosted its stake in shares of Spirit AeroSystems by 538.5% in the 1st quarter. Smithfield Trust Co. now owns 830 shares of the aerospace company’s stock valued at $76,000 after purchasing an additional 700 shares in the last quarter. Advisors Preferred LLC acquired a new position in Spirit AeroSystems during the 1st quarter worth about $76,000. Finally, Signaturefd LLC lifted its position in Spirit AeroSystems by 120.0% during the 1st quarter. Signaturefd LLC now owns 970 shares of the aerospace company’s stock worth $89,000 after buying an additional 529 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.
SPR has been the topic of several research reports. Barclays reiterated a “buy” rating and set a $95.00 price target on shares of Spirit AeroSystems in a research report on Sunday, August 4th. SunTrust Banks downgraded shares of Spirit AeroSystems from a “hold” rating to a “sell” rating and reduced their price target for the stock from $93.00 to $75.00 in a research report on Friday, June 14th. ValuEngine downgraded shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Jefferies Financial Group downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and reduced their price target for the stock from $106.00 to $85.00 in a research report on Tuesday, July 2nd. Finally, Credit Suisse Group downgraded shares of Spirit AeroSystems from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $101.00 to $83.00 in a research report on Monday, July 15th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $95.55.
NYSE:SPR traded down $1.91 on Wednesday, hitting $70.93. 29,212 shares of the stock were exchanged, compared to its average volume of 1,020,201. The firm has a market capitalization of $7.70 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. Spirit AeroSystems Holdings, Inc. has a 52 week low of $64.48 and a 52 week high of $100.34. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 1.47. The business has a 50-day moving average of $76.77.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.07. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Spirit AeroSystems had a return on equity of 56.85% and a net margin of 8.88%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.63 EPS. Sell-side analysts predict that Spirit AeroSystems Holdings, Inc. will post 6.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.48 annualized dividend and a yield of 0.68%. Spirit AeroSystems’s dividend payout ratio is currently 7.67%.
Spirit AeroSystems Company Profile
Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.
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