Artemis Investment Management LLP grew its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 19.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 831,447 shares of the aerospace company’s stock after buying an additional 137,173 shares during the period. Spirit AeroSystems accounts for 0.9% of Artemis Investment Management LLP’s investment portfolio, making the stock its 28th largest position. Artemis Investment Management LLP owned about 0.80% of Spirit AeroSystems worth $67,157,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of SPR. Ellevest Inc. purchased a new position in shares of Spirit AeroSystems during the 2nd quarter valued at $28,000. Capital Bank & Trust Co purchased a new stake in Spirit AeroSystems during the 2nd quarter worth about $33,000. Parallel Advisors LLC lifted its holdings in Spirit AeroSystems by 1,685.2% during the 2nd quarter. Parallel Advisors LLC now owns 482 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 455 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Spirit AeroSystems during the 2nd quarter worth about $40,000. Finally, Doyle Wealth Management purchased a new stake in Spirit AeroSystems during the 2nd quarter worth about $46,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.
NYSE SPR traded up $0.02 during trading on Thursday, reaching $82.56. The company’s stock had a trading volume of 15,390 shares, compared to its average volume of 736,051. The stock has a market capitalization of $8.52 billion, a PE ratio of 13.19, a P/E/G ratio of 1.55 and a beta of 1.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.96 and a quick ratio of 1.42. The firm has a fifty day moving average of $81.57 and a 200 day moving average of $81.76. Spirit AeroSystems Holdings, Inc. has a one year low of $64.48 and a one year high of $100.34.
Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Wednesday, July 31st. The aerospace company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. Spirit AeroSystems had a return on equity of 56.85% and a net margin of 8.88%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 EPS. Research analysts expect that Spirit AeroSystems Holdings, Inc. will post 6.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 16th were given a dividend of $0.12 per share. The ex-dividend date was Friday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Spirit AeroSystems’s dividend payout ratio (DPR) is presently 7.67%.
SPR has been the topic of a number of recent research reports. Jefferies Financial Group cut Spirit AeroSystems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $106.00 to $85.00 in a report on Tuesday, July 2nd. Morgan Stanley increased their price objective on Spirit AeroSystems from $100.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday. ValuEngine raised Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. SunTrust Banks cut Spirit AeroSystems from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $93.00 to $75.00 in a report on Friday, June 14th. Finally, Zacks Investment Research cut Spirit AeroSystems from a “hold” rating to a “sell” rating and set a $84.00 price objective on the stock. in a report on Monday, July 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus price target of $94.66.
In other news, Director Robert D. Johnson sold 500 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.58, for a total transaction of $39,790.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.84% of the stock is currently owned by corporate insiders.
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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