ARP Americas LP grew its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 66.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,868 shares of the aerospace company’s stock after acquiring an additional 7,928 shares during the quarter. ARP Americas LP’s holdings in Spirit AeroSystems were worth $1,733,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in SPR. American International Group Inc. bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at $211,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Spirit AeroSystems by 11.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 12,824 shares of the aerospace company’s stock valued at $1,119,000 after purchasing an additional 1,278 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Spirit AeroSystems by 18.7% during the fourth quarter. BlackRock Inc. now owns 7,616,743 shares of the aerospace company’s stock valued at $664,561,000 after purchasing an additional 1,200,213 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Spirit AeroSystems by 45.2% during the fourth quarter. Schroder Investment Management Group now owns 14,202 shares of the aerospace company’s stock valued at $1,239,000 after purchasing an additional 4,418 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Spirit AeroSystems by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,277,294 shares of the aerospace company’s stock valued at $111,443,000 after purchasing an additional 13,957 shares in the last quarter.
Shares of Spirit AeroSystems Holdings, Inc. (SPR) opened at $92.35 on Tuesday. The company has a market capitalization of $10,680.00, a price-to-earnings ratio of 28.24, a P/E/G ratio of 1.33 and a beta of 1.37. The company has a current ratio of 1.64, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. Spirit AeroSystems Holdings, Inc. has a 1 year low of $51.85 and a 1 year high of $105.20.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Monday, March 19th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, March 16th. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 12.23%.
Spirit AeroSystems announced that its Board of Directors has approved a share repurchase program on Friday, February 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
SPR has been the topic of a number of research analyst reports. Wells Fargo & Co raised Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Royal Bank of Canada set a $77.00 price target on Spirit AeroSystems and gave the company a “sell” rating in a report on Sunday, November 12th. Credit Suisse Group upped their price target on Spirit AeroSystems from $88.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. ValuEngine downgraded Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, Cowen reaffirmed a “buy” rating and set a $110.00 price target on shares of Spirit AeroSystems in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $95.50.
In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $84.13, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP William Edward Brown sold 5,500 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $92.36, for a total value of $507,980.00. Following the completion of the sale, the senior vice president now owns 21,664 shares of the company’s stock, valued at approximately $2,000,887.04. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.
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.
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