Metropolitan Life Insurance Co NY reduced its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 2.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,988 shares of the aerospace company’s stock after selling 167 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Spirit AeroSystems were worth $731,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC increased its position in Spirit AeroSystems by 5.8% in the 1st quarter. AQR Capital Management LLC now owns 4,654,106 shares of the aerospace company’s stock valued at $425,944,000 after acquiring an additional 255,883 shares during the period. Geode Capital Management LLC boosted its stake in shares of Spirit AeroSystems by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 1,113,218 shares of the aerospace company’s stock valued at $80,201,000 after purchasing an additional 158,183 shares during the last quarter. Norges Bank bought a new stake in shares of Spirit AeroSystems in the 4th quarter valued at $64,753,000. Dimensional Fund Advisors LP boosted its stake in shares of Spirit AeroSystems by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 846,217 shares of the aerospace company’s stock valued at $61,000,000 after purchasing an additional 37,859 shares during the last quarter. Finally, J. L. Bainbridge & Co. Inc. boosted its stake in shares of Spirit AeroSystems by 2.0% in the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 829,156 shares of the aerospace company’s stock valued at $59,774,000 after purchasing an additional 16,308 shares during the last quarter. Hedge funds and other institutional investors own 96.52% of the company’s stock.
Several brokerages recently issued reports on SPR. Cowen reissued a “buy” rating and set a $28.00 target price on shares of Intra-Cellular Therapies in a research note on Monday, July 8th. Canaccord Genuity set a $220.00 target price on shares of SAGE Therapeutics and gave the stock a “buy” rating in a research note on Monday, April 8th. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Monday, July 8th. SunTrust Banks cut their target price on shares of Broadcom to $307.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Extended Stay America in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $95.22.
Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Wednesday, May 1st. The aerospace company reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.01. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. Spirit AeroSystems had a net margin of 8.78% and a return on equity of 63.36%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. As a group, equities analysts forecast that Spirit AeroSystems Holdings, Inc. will post 6.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Monday, June 17th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.61%. Spirit AeroSystems’s dividend payout ratio is currently 7.67%.
In other news, Director Robert D. Johnson sold 500 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $79.95, for a total value of $39,975.00. Following the completion of the sale, the director now owns 2,925 shares in the company, valued at $233,853.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.84% of the company’s stock.
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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