Aigen Investment Management LP reduced its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Rating) by 58.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,781 shares of the aerospace company’s stock after selling 6,695 shares during the quarter. Aigen Investment Management LP’s holdings in Spirit AeroSystems were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Selective Wealth Management Inc. bought a new position in shares of Spirit AeroSystems during the first quarter worth $50,000. Rockefeller Capital Management L.P. boosted its position in shares of Spirit AeroSystems by 242.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,197 shares of the aerospace company’s stock worth $51,000 after acquiring an additional 847 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Spirit AeroSystems by 97.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,335 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 659 shares during the last quarter. CWM LLC bought a new position in shares of Spirit AeroSystems during the fourth quarter worth $118,000. Finally, Industrial Alliance Investment Management Inc. bought a new position in shares of Spirit AeroSystems during the fourth quarter worth $65,000. Institutional investors own 79.33% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Susquehanna dropped their target price on shares of Spirit AeroSystems from $50.00 to $41.00 in a research report on Thursday. Robert W. Baird decreased their price target on shares of Spirit AeroSystems from $53.00 to $43.00 in a research note on Thursday. Sanford C. Bernstein decreased their price target on shares of Spirit AeroSystems from $66.00 to $58.00 in a research note on Thursday, May 5th. Morgan Stanley decreased their price target on shares of Spirit AeroSystems from $54.00 to $51.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Truist Financial decreased their price target on shares of Spirit AeroSystems from $70.00 to $60.00 in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Spirit AeroSystems currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.27.
Spirit AeroSystems Trading Down 3.4 %
Spirit AeroSystems (NYSE:SPR – Get Rating) last announced its earnings results on Wednesday, August 3rd. The aerospace company reported ($1.21) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($1.00). Spirit AeroSystems had a negative net margin of 9.98% and a negative return on equity of 51.61%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company posted ($0.31) EPS. The company’s revenue was up 25.5% compared to the same quarter last year. As a group, analysts expect that Spirit AeroSystems Holdings, Inc. will post -0.2 EPS for the current year.
Spirit AeroSystems Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 12th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend is Friday, September 9th. Spirit AeroSystems’s dividend payout ratio is presently -0.99%.
Spirit AeroSystems Profile
Spirit AeroSystems Holdings, Inc designs, engineers, manufactures, and markets commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, struts/pylons, nacelles, and related engine structural components; and wings and wing components, including flight control surfaces, as well as other structural parts.
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