Farr Miller & Washington LLC DC raised its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,892 shares of the aerospace company’s stock after purchasing an additional 155 shares during the period. Farr Miller & Washington LLC DC’s holdings in Spirit AeroSystems were worth $479,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC lifted its position in shares of Spirit AeroSystems by 3.9% in the first quarter. Cerebellum GP LLC now owns 3,584 shares of the aerospace company’s stock valued at $328,000 after acquiring an additional 133 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Spirit AeroSystems by 2.2% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 11,013 shares of the aerospace company’s stock worth $1,008,000 after buying an additional 237 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Spirit AeroSystems by 4.1% in the first quarter. Rehmann Capital Advisory Group now owns 6,275 shares of the aerospace company’s stock worth $574,000 after buying an additional 250 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Spirit AeroSystems by 36.4% in the second quarter. Bessemer Group Inc. now owns 1,140 shares of the aerospace company’s stock worth $93,000 after buying an additional 304 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Spirit AeroSystems by 36.2% in the second quarter. Signaturefd LLC now owns 1,321 shares of the aerospace company’s stock worth $107,000 after buying an additional 351 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on SPR. SunTrust Banks downgraded Spirit AeroSystems from a “hold” rating to a “sell” rating and decreased their target price for the stock from $93.00 to $75.00 in a research report on Friday, June 14th. Cowen reiterated a “hold” rating and issued a $90.00 target price on shares of Spirit AeroSystems in a research report on Monday, July 8th. Barclays reiterated a “buy” rating and issued a $95.00 target price on shares of Spirit AeroSystems in a research report on Sunday, August 4th. Zacks Investment Research downgraded Spirit AeroSystems from a “hold” rating to a “sell” rating and set a $84.00 target price on the stock. in a research report on Monday, July 8th. Finally, Credit Suisse Group downgraded Spirit AeroSystems from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $101.00 to $83.00 in a research report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $94.43.

In other news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $79.95, for a total transaction of $39,975.00. Following the transaction, the director now owns 2,925 shares of the company’s stock, valued at $233,853.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.84% of the company’s stock.

Shares of SPR stock opened at $74.64 on Wednesday. Spirit AeroSystems Holdings, Inc. has a 1 year low of $64.48 and a 1 year high of $100.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.96 and a quick ratio of 1.42. The stock’s 50 day simple moving average is $75.64 and its two-hundred day simple moving average is $84.90. The company has a market cap of $7.57 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.37 and a beta of 1.26.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. Spirit AeroSystems had a return on equity of 56.85% and a net margin of 8.88%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post 6.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, September 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%. Spirit AeroSystems’s dividend payout ratio is 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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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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