Principal Financial Group Inc. decreased its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 26.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,280 shares of the aerospace company’s stock after selling 3,978 shares during the period. Principal Financial Group Inc.’s holdings in Spirit AeroSystems were worth $813,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of SPR. JPMorgan Chase & Co. lifted its position in Spirit AeroSystems by 35.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 491,948 shares of the aerospace company’s stock worth $45,096,000 after buying an additional 128,587 shares in the last quarter. Mackenzie Financial Corp lifted its position in Spirit AeroSystems by 20.1% during the 3rd quarter. Mackenzie Financial Corp now owns 3,741 shares of the aerospace company’s stock worth $343,000 after buying an additional 625 shares in the last quarter. Macquarie Group Ltd. lifted its position in Spirit AeroSystems by 2.0% during the 3rd quarter. Macquarie Group Ltd. now owns 229,062 shares of the aerospace company’s stock worth $20,998,000 after buying an additional 4,467 shares in the last quarter. Nordea Investment Management AB lifted its position in Spirit AeroSystems by 3.3% during the 3rd quarter. Nordea Investment Management AB now owns 376,920 shares of the aerospace company’s stock worth $34,552,000 after buying an additional 12,050 shares in the last quarter. Finally, B. Riley Wealth Management Inc. bought a new stake in Spirit AeroSystems during the 3rd quarter worth about $468,000. Institutional investors and hedge funds own 95.66% of the company’s stock.
In related news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $99.60, for a total value of $49,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul E. Fulchino sold 15,000 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $92.49, for a total transaction of $1,387,350.00. Following the completion of the transaction, the director now owns 47,234 shares in the company, valued at approximately $4,368,672.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,700 shares of company stock worth $5,032,198. 0.84% of the stock is owned by company insiders.
Spirit AeroSystems stock opened at $85.55 on Friday. The stock has a market cap of $9.02 billion, a PE ratio of 13.67, a PEG ratio of 1.49 and a beta of 1.44. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $64.48 and a fifty-two week high of $100.34. The company has a current ratio of 1.80, a quick ratio of 1.16 and a debt-to-equity ratio of 1.51.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Friday, February 1st. The aerospace company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.85 billion. Spirit AeroSystems had a net margin of 8.54% and a return on equity of 55.88%. Spirit AeroSystems’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 EPS. Research analysts expect that Spirit AeroSystems Holdings, Inc. will post 7.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Monday, March 18th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 7.67%.
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About Spirit AeroSystems
Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.
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