Legal & General Group Plc increased its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 206,559 shares of the aerospace company’s stock after buying an additional 36,460 shares during the period. Legal & General Group Plc owned about 0.19% of Spirit AeroSystems worth $14,891,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Spirit AeroSystems by 66.7% in the fourth 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 period. Doyle Wealth Management bought a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $40,000. Bessemer Group Inc. lifted its position in Spirit AeroSystems by 96.7% during the fourth quarter. Bessemer Group Inc. now owns 836 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 411 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Spirit AeroSystems during the fourth quarter valued at approximately $80,000. Finally, First Mercantile Trust Co. lifted 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 purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 95.64% of the company’s stock.
SPR has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Sanford C. Bernstein reissued an “outperform” rating and set a $112.00 price target (up from $102.00) on shares of Spirit AeroSystems in a research note on Friday, February 8th. Cowen reissued a “buy” rating and set a $100.00 price target on shares of Spirit AeroSystems in a research note on Friday, January 4th. Seaport Global Securities downgraded shares of Spirit AeroSystems from a “buy” rating to a “neutral” rating and set a $98.64 price target on the stock. in a research note on Tuesday, March 5th. Finally, Vertical Research downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 price target on the stock. in a research note on Wednesday, March 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $101.47.
Spirit AeroSystems stock traded up $0.24 during mid-day trading on Friday, reaching $87.36. 367,749 shares of the company traded hands, compared to its average volume of 1,095,283. The company has a current ratio of 1.80, a quick ratio of 1.16 and a debt-to-equity ratio of 1.51. The company has a market cap of $9.05 billion, a P/E ratio of 13.96, a PEG ratio of 1.52 and a beta of 1.44. Spirit AeroSystems Holdings, Inc. has a 52-week low of $64.48 and a 52-week high of $100.34.
Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Friday, February 1st. The aerospace company reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ 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 55.88%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.32 EPS. Analysts predict that Spirit AeroSystems Holdings, Inc. will post 7.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Monday, June 17th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, June 14th. Spirit AeroSystems’s payout ratio 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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