Brandywine Global Investment Management LLC increased its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 146,117 shares of the aerospace company’s stock after buying an additional 2,475 shares during the quarter. Brandywine Global Investment Management LLC owned 0.13% of Spirit AeroSystems worth $12,749,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SPR. Strs Ohio bought a new position in shares of Spirit AeroSystems during the fourth quarter worth about $130,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Spirit AeroSystems during the fourth quarter worth about $166,000. LS Investment Advisors LLC bought a new position in shares of Spirit AeroSystems during the fourth quarter worth about $208,000. American International Group Inc. bought a new position in shares of Spirit AeroSystems during the fourth quarter worth about $211,000. Finally, Commonwealth Equity Services Inc bought a new position in shares of Spirit AeroSystems during the third quarter worth about $228,000. Institutional investors and hedge funds own 97.48% of the company’s stock.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) opened at $90.84 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.64 and a quick ratio of 0.74. The firm has a market capitalization of $10,420.00, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 1.31 and a beta of 1.45. Spirit AeroSystems Holdings, Inc. has a one year low of $51.85 and a one year high of $105.20.
Spirit AeroSystems declared that its Board of Directors has approved a stock buyback program on Friday, February 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, March 16th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. Spirit AeroSystems’s dividend payout ratio is currently 12.23%.
In other news, SVP Stacy Cozad sold 1,100 shares of Spirit AeroSystems stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $91.47, for a total transaction of $100,617.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William Edward Brown sold 5,500 shares of Spirit AeroSystems stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $92.36, for a total value of $507,980.00. Following the transaction, the senior vice president now owns 21,664 shares of the company’s stock, valued at $2,000,887.04. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
A number of research analysts recently issued reports on SPR shares. Wells Fargo & Co upgraded Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Cowen reiterated a “buy” rating and set a $110.00 price objective on shares of Spirit AeroSystems in a report on Monday, January 22nd. ValuEngine downgraded Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Canaccord Genuity reiterated a “buy” rating and set a $86.00 price objective on shares of Spirit AeroSystems in a report on Friday, November 17th. Finally, Morgan Stanley increased their price objective on Spirit AeroSystems from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. Spirit AeroSystems currently has an average rating of “Buy” and an average price target of $97.11.
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Spirit AeroSystems Company Profile
Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.
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