Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 12.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,070 shares of the aerospace company’s stock after selling 5,756 shares during the quarter. Raymond James & Associates’ holdings in Spirit AeroSystems were worth $3,759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPR. Doyle Wealth Management bought a new stake in Spirit AeroSystems in the 4th quarter valued at about $40,000. Truvestments Capital LLC bought a new stake in Spirit AeroSystems in the 1st quarter valued at about $42,000. Bessemer Group Inc. raised its stake in Spirit AeroSystems by 96.7% in the 4th quarter. Bessemer Group Inc. now owns 836 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 411 shares during the period. Smithfield Trust Co. raised its stake in Spirit AeroSystems by 538.5% in the 1st quarter. Smithfield Trust Co. now owns 830 shares of the aerospace company’s stock valued at $76,000 after acquiring an additional 700 shares during the period. Finally, Advisors Preferred LLC bought a new stake in Spirit AeroSystems in the 1st quarter valued at about $76,000. 96.55% of the stock is owned by institutional investors and hedge funds.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $79.95, for a total value of $39,975.00. Following the sale, the director now owns 2,925 shares of the company’s stock, valued at approximately $233,853.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is currently owned by insiders.

A number of equities research analysts recently issued reports on the company. SunTrust Banks cut Spirit AeroSystems from a “hold” rating to a “sell” rating and lowered their price objective for the company from $93.00 to $75.00 in a research note on Friday, June 14th. Zacks Investment Research raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Cowen reaffirmed a “hold” rating and set a $93.00 target price on shares of Spirit AeroSystems in a report on Wednesday, May 1st. Canaccord Genuity lowered Spirit AeroSystems from a “buy” rating to a “hold” rating and reduced their target price for the company from $100.00 to $92.00 in a report on Monday, April 8th. Finally, Barclays reaffirmed a “buy” rating on shares of Spirit AeroSystems in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $99.72.

Shares of SPR traded up $1.23 during midday trading on Friday, reaching $81.37. 2,094,900 shares of the stock were exchanged, compared to its average volume of 994,058. The firm has a 50-day simple moving average of $82.14. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.95 and a quick ratio of 1.39. Spirit AeroSystems Holdings, Inc. has a twelve month low of $64.48 and a twelve month high of $100.34. The stock has a market cap of $8.29 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.36.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.01. Spirit AeroSystems had a return on equity of 63.36% and a net margin of 8.78%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the company posted $1.10 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that Spirit AeroSystems Holdings, Inc. will post 7.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Monday, June 17th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, June 14th. Spirit AeroSystems’s dividend payout ratio is presently 7.67%.

Spirit AeroSystems Company Profile

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

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