ETF Managers Group LLC trimmed its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,409 shares of the aerospace company’s stock after selling 1,470 shares during the period. ETF Managers Group LLC’s holdings in Spirit AeroSystems were worth $750,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SPR. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Spirit AeroSystems by 66.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. First Mercantile Trust Co. boosted its stake in Spirit AeroSystems by 43.8% during the 4th quarter. First Mercantile Trust Co. now owns 1,150 shares of the aerospace company’s stock valued at $83,000 after acquiring an additional 350 shares during the last quarter. Capital Guardian Trust Co. bought a new position in Spirit AeroSystems during the 3rd quarter valued at $105,000. Truvestments Capital LLC bought a new position in Spirit AeroSystems during the 3rd quarter valued at $154,000. Finally, Cerebellum GP LLC bought a new position in Spirit AeroSystems during the 4th quarter valued at $249,000. Hedge funds and other institutional investors own 96.65% of the company’s stock.
Spirit AeroSystems stock opened at $93.58 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.06 and a current ratio of 1.57. Spirit AeroSystems Holdings, Inc. has a 1 year low of $64.48 and a 1 year high of $96.77. The stock has a market capitalization of $9.86 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.60 and a beta of 1.28.
Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Friday, February 1st. The aerospace company reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.07. Spirit AeroSystems had a net margin of 8.54% and a return on equity of 56.15%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the firm posted $1.32 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts expect that Spirit AeroSystems Holdings, Inc. will post 7.5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 8th. Stockholders of record on Monday, March 18th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.51%. Spirit AeroSystems’s payout ratio is currently 7.67%.
In other news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $82.90, for a total value of $41,450.00. Following the transaction, the director now directly owns 1,493 shares in the company, valued at approximately $123,769.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Stacy Cozad sold 3,200 shares of the firm’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $93.39, for a total transaction of $298,848.00. Following the completion of the transaction, the senior vice president now owns 21,036 shares in the company, valued at $1,964,552.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,342 shares of company stock worth $2,537,672. Insiders own 0.87% of the company’s stock.
A number of research analysts have commented on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $112.00 price objective (up from $102.00) on shares of Spirit AeroSystems in a research note on Friday. Credit Suisse Group reiterated an “outperform” rating and set a $103.00 price objective (up from $96.00) on shares of Spirit AeroSystems in a research note on Monday, February 4th. SunTrust Banks increased their price objective on shares of Spirit AeroSystems to $96.00 and gave the company an “in-line” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Friday, February 1st. Finally, ValuEngine upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Spirit AeroSystems has a consensus rating of “Buy” and an average target price of $104.23.
About Spirit AeroSystems
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: Balance Sheet
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