5,156 Shares in Spirit Aerosystems Holdings, Inc. (SPR) Acquired by Lingohr & Partner Asset Management GmbH

Lingohr & Partner Asset Management GmbH purchased a new stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,156 shares of the aerospace company’s stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its holdings in shares of Spirit Aerosystems Holdings by 0.4% during the 1st quarter. Clearbridge Investments LLC now owns 8,863 shares of the aerospace company’s stock valued at $513,000 after buying an additional 36 shares during the period. Homrich & Berg raised its holdings in Spirit Aerosystems Holdings by 0.5% in the 2nd quarter. Homrich & Berg now owns 7,325 shares of the aerospace company’s stock worth $424,000 after purchasing an additional 38 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in Spirit Aerosystems Holdings by 0.7% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,700 shares of the aerospace company’s stock worth $794,000 after purchasing an additional 100 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Spirit Aerosystems Holdings by 9.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 160 shares during the period. Finally, Allen Investment Management LLC raised its holdings in Spirit Aerosystems Holdings by 2.6% in the 1st quarter. Allen Investment Management LLC now owns 7,280 shares of the aerospace company’s stock worth $422,000 after purchasing an additional 183 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

SPR has been the topic of a number of recent research reports. Seaport Global Securities raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and raised their target price for the stock from $62.00 to $83.00 in a report on Thursday, August 3rd. Cowen and Company reaffirmed a “buy” rating and issued a $69.00 target price on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 2nd. BidaskClub cut Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $68.00 target price on shares of Spirit Aerosystems Holdings in a report on Tuesday, July 25th. Finally, Canaccord Genuity raised their target price on Spirit Aerosystems Holdings from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Spirit Aerosystems Holdings currently has a consensus rating of “Buy” and an average price target of $72.94.

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In other news, Director Charles L. Chadwell sold 6,600 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the completion of the sale, the director now owns 23,828 shares of the company’s stock, valued at $1,822,603.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John A. Pilla sold 10,088 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total transaction of $752,564.80. Following the sale, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Shares of Spirit Aerosystems Holdings, Inc. (SPR) traded up 0.39% on Monday, hitting $77.42. The stock had a trading volume of 53,254 shares. The firm has a market cap of $9.16 billion, a P/E ratio of 27.80 and a beta of 1.31. Spirit Aerosystems Holdings, Inc. has a 12 month low of $42.26 and a 12 month high of $77.84. The firm’s 50-day moving average price is $71.35 and its 200 day moving average price is $60.97.

Spirit Aerosystems Holdings (NYSE:SPR) last released its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.37. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.21 earnings per share. Analysts anticipate that Spirit Aerosystems Holdings, Inc. will post $5.22 EPS for the current fiscal year.

Spirit Aerosystems Holdings announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the aerospace company to buy up to 4.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. Spirit Aerosystems Holdings’s dividend payout ratio is currently 14.60%.

Spirit Aerosystems Holdings 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.

Institutional Ownership by Quarter for Spirit Aerosystems Holdings (NYSE:SPR)

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