Commonwealth Bank of Australia Acquires 3,100 Shares of Spirit AeroSystems Holdings, Inc. (SPR)

Commonwealth Bank of Australia raised its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 28.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,100 shares of the aerospace company’s stock after buying an additional 3,100 shares during the period. Commonwealth Bank of Australia’s holdings in Spirit AeroSystems were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Spirit AeroSystems by 2.4% in the second quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock valued at $363,874,000 after buying an additional 148,240 shares in the last quarter. Boston Partners lifted its stake in shares of Spirit AeroSystems by 74.5% in the third quarter. Boston Partners now owns 4,230,462 shares of the aerospace company’s stock valued at $328,791,000 after buying an additional 1,806,228 shares in the last quarter. LSV Asset Management lifted its stake in shares of Spirit AeroSystems by 9.8% in the second quarter. LSV Asset Management now owns 3,468,615 shares of the aerospace company’s stock valued at $200,971,000 after buying an additional 308,900 shares in the last quarter. Prudential PLC lifted its stake in shares of Spirit AeroSystems by 2.8% in the second quarter. Prudential PLC now owns 2,821,693 shares of the aerospace company’s stock valued at $163,489,000 after buying an additional 77,385 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Spirit AeroSystems by 1,425.0% in the second quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock valued at $130,691,000 after buying an additional 2,107,710 shares in the last quarter. 96.21% of the stock is currently owned by hedge funds and other institutional investors.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded down $1.76 during midday trading on Wednesday, reaching $82.24. 999,600 shares of the company were exchanged, compared to its average volume of 1,031,859. Spirit AeroSystems Holdings, Inc. has a 1-year low of $51.85 and a 1-year high of $84.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. The stock has a market capitalization of $9,712.42, a P/E ratio of 17.18, a PEG ratio of 1.49 and a beta of 1.16.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.26. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company posted $1.16 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. research analysts predict that Spirit AeroSystems Holdings, Inc. will post 5.22 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 14.08%.

Several brokerages have recently commented on SPR. Cowen reiterated an “outperform” rating and issued a $79.00 target price (up previously from $69.00) on shares of Spirit AeroSystems in a report on Tuesday, August 8th. Canaccord Genuity reiterated a “buy” rating and issued a $80.00 target price (up previously from $65.00) on shares of Spirit AeroSystems in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Thursday, August 10th. Goldman Sachs Group upgraded shares of Spirit AeroSystems from a “sell” rating to a “neutral” rating and increased their target price for the company from $54.00 to $68.00 in a report on Thursday, August 10th. Finally, UBS reiterated a “buy” rating and issued a $81.00 target price (up previously from $63.00) on shares of Spirit AeroSystems in a report on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $80.95.

In related news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $84.13, for a total transaction of $42,065.00. Following the completion of the sale, the director now owns 1,964 shares in the company, valued at $165,231.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles L. Chadwell sold 6,600 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $76.49, for a total transaction of $504,834.00. Following the sale, the director now owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The disclosure for this sale can be found here. Insiders have sold 12,100 shares of company stock valued at $962,099 in the last 90 days. 0.28% of the stock is currently owned by corporate insiders.

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Spirit AeroSystems 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 (NYSE:SPR)

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