LSV Asset Management Trims Position in Spirit AeroSystems Holdings, Inc. (SPR)

LSV Asset Management lowered its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,038,207 shares of the aerospace company’s stock after selling 115,451 shares during the period. LSV Asset Management’s holdings in Spirit AeroSystems were worth $363,204,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPR. Harel Insurance Investments & Financial Services Ltd. grew its position in Spirit AeroSystems by 66.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock valued at $36,000 after buying an additional 200 shares during the period. First Mercantile Trust Co. grew its position in Spirit AeroSystems by 43.8% during the fourth quarter. First Mercantile Trust Co. now owns 1,150 shares of the aerospace company’s stock valued at $83,000 after buying an additional 350 shares during the period. Capital Guardian Trust Co. bought a new position in Spirit AeroSystems during the third quarter valued at about $105,000. Truvestments Capital LLC bought a new position in Spirit AeroSystems during the third quarter valued at about $154,000. Finally, Cerebellum GP LLC bought a new position in Spirit AeroSystems during the fourth quarter valued at about $249,000. Institutional investors own 97.62% of the company’s stock.

In other news, Director Paul E. Fulchino sold 15,000 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $92.49, for a total value of $1,387,350.00. Following the sale, the director now directly owns 47,234 shares of the company’s stock, valued at $4,368,672.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $82.90, for a total transaction of $41,450.00. Following the completion of the sale, the director now directly owns 1,493 shares in the company, valued at $123,769.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,342 shares of company stock worth $2,537,672. Insiders own 0.87% of the company’s stock.

SPR has been the subject of several research reports. Zacks Investment Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Monday, January 21st. Sanford C. Bernstein restated an “outperform” rating and set a $112.00 price target (up previously from $102.00) on shares of Spirit AeroSystems in a research report on Friday. Bank of America upgraded shares of Spirit AeroSystems from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $105.00 in a research report on Thursday, November 8th. Credit Suisse Group increased their price target on shares of Spirit AeroSystems from $102.00 to $103.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Finally, Wells Fargo & Co set a $105.00 price target on shares of Spirit AeroSystems and gave the company a “buy” rating in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $104.23.

NYSE SPR opened at $94.66 on Monday. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.61 and a beta of 1.28. Spirit AeroSystems Holdings, Inc. has a 52 week low of $64.48 and a 52 week high of $96.77. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 1.67.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Friday, February 1st. The aerospace company reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. Spirit AeroSystems had a net margin of 8.54% and a return on equity of 56.15%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 earnings per share. On average, analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 7.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 8th. Shareholders of record on Monday, March 18th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.51%. The ex-dividend date is Friday, March 15th. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 7.67%.

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Spirit AeroSystems Profile

Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through 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 offers related spares and maintenance, repairs, and overhaul (MRO) services.

Further Reading: What is the Ex-Dividend Date in Investing?

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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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