West Branch Capital LLC lessened its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 18.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,644 shares of the aerospace company’s stock after selling 1,252 shares during the period. West Branch Capital LLC’s holdings in Spirit AeroSystems were worth $517,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Spirit AeroSystems by 35.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 491,948 shares of the aerospace company’s stock worth $45,096,000 after acquiring an additional 128,587 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Spirit AeroSystems by 20.1% in the third quarter. Mackenzie Financial Corp now owns 3,741 shares of the aerospace company’s stock worth $343,000 after buying an additional 625 shares during the period. Nordea Investment Management AB boosted its position in shares of Spirit AeroSystems by 3.3% in the third 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 during the period. B. Riley Wealth Management Inc. acquired a new stake in shares of Spirit AeroSystems in the third quarter worth $468,000. Finally, Standard Life Aberdeen plc boosted its position in shares of Spirit AeroSystems by 15.3% in the third quarter. Standard Life Aberdeen plc now owns 7,410 shares of the aerospace company’s stock worth $679,000 after buying an additional 981 shares during the period. Institutional investors own 95.33% of the company’s stock.
In other news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $99.60, for a total value of $49,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.84% of the stock is owned by insiders.
NYSE SPR traded up $1.31 during trading on Friday, reaching $82.64. 634,819 shares of the company traded hands, compared to its average volume of 1,035,319. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.55 and a beta of 1.38. Spirit AeroSystems Holdings, Inc. has a 1-year low of $64.48 and a 1-year high of $100.34.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.01. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. Spirit AeroSystems had a return on equity of 63.36% and a net margin of 8.78%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. On average, analysts predict that Spirit AeroSystems Holdings, Inc. will post 7.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Monday, June 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, June 14th. Spirit AeroSystems’s payout ratio is currently 7.67%.
SPR has been the subject of several recent analyst reports. SunTrust Banks raised their target price on Spirit AeroSystems to $96.00 and gave the stock an “in-line” rating in a research report on Monday, February 4th. Canaccord Genuity cut Spirit AeroSystems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $100.00 to $92.00 in a research report on Monday, April 8th. Barclays reiterated a “buy” rating on shares of Spirit AeroSystems in a research note on Wednesday, March 13th. Cowen reiterated a “hold” rating and issued a $93.00 price objective on shares of Spirit AeroSystems in a research note on Tuesday, April 16th. Finally, Vertical Research lowered Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 price objective on the stock. in a research note on Wednesday, March 6th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $101.47.
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Spirit AeroSystems 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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