Teacher Retirement System of Texas raised its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 225.6% in the fourth quarter, HoldingsChannel reports. The firm owned 32,390 shares of the aerospace company’s stock after acquiring an additional 22,443 shares during the quarter. Teacher Retirement System of Texas’ holdings in Spirit AeroSystems were worth $2,826,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Strs Ohio bought a new position in Spirit AeroSystems in the fourth quarter valued at approximately $130,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $166,000. Nine Chapters Capital Management LLC bought a new position in shares of Spirit AeroSystems during the 3rd quarter worth approximately $218,000. Quantitative Systematic Strategies LLC bought a new position in shares of Spirit AeroSystems during the 3rd quarter worth approximately $227,000. Finally, Commonwealth Equity Services Inc bought a new position in shares of Spirit AeroSystems during the 3rd quarter worth approximately $228,000.
SPR has been the subject of several research analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $86.00 target price on shares of Spirit AeroSystems in a research note on Tuesday, October 31st. Wells Fargo & Co reiterated a “market perform” rating and set a $85.00 target price (up from $78.00) on shares of Spirit AeroSystems in a research note on Thursday, November 2nd. Sanford C. Bernstein reiterated an “in-line” rating and set a $98.00 target price (up from $87.00) on shares of Spirit AeroSystems in a research note on Thursday, November 2nd. Credit Suisse Group lifted their target price on Spirit AeroSystems from $88.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research downgraded Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. Spirit AeroSystems presently has a consensus rating of “Buy” and a consensus target price of $95.50.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) opened at $92.35 on Tuesday. 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 fifty-two week low of $51.85 and a fifty-two week high of $105.20. The company has a market capitalization of $10,573.06, a price-to-earnings ratio of 17.36, a PEG ratio of 1.33 and a beta of 1.37.
Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Friday, February 2nd. The aerospace company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.10. Spirit AeroSystems had a return on equity of 34.03% and a net margin of 5.08%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. Spirit AeroSystems’s revenue was up 9.2% on a year-over-year basis. research analysts expect that Spirit AeroSystems Holdings, Inc. will post 6.4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 13.25%.
Spirit AeroSystems announced that its Board of Directors has authorized a share repurchase program on Friday, February 2nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
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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