Hound Partners LLC lowered its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,211,824 shares of the aerospace company’s stock after selling 495,471 shares during the period. Spirit AeroSystems accounts for 10.1% of Hound Partners LLC’s investment portfolio, making the stock its 3rd largest holding. Hound Partners LLC owned 3.68% of Spirit AeroSystems worth $367,482,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its stake in Spirit AeroSystems by 18.7% during the 4th quarter. BlackRock Inc. now owns 7,616,743 shares of the aerospace company’s stock worth $664,561,000 after purchasing an additional 1,200,213 shares during the period. LSV Asset Management boosted its stake in Spirit AeroSystems by 19.5% during the 4th quarter. LSV Asset Management now owns 5,080,842 shares of the aerospace company’s stock worth $443,303,000 after purchasing an additional 827,943 shares during the period. Bank of New York Mellon Corp boosted its stake in Spirit AeroSystems by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,277,294 shares of the aerospace company’s stock worth $111,443,000 after purchasing an additional 13,957 shares during the period. JPMorgan Chase & Co. boosted its stake in Spirit AeroSystems by 79.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 745,016 shares of the aerospace company’s stock worth $57,813,000 after purchasing an additional 330,903 shares during the period. Finally, Wedge Capital Management L L P NC boosted its stake in Spirit AeroSystems by 8.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 729,881 shares of the aerospace company’s stock worth $63,682,000 after purchasing an additional 59,956 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.
In other Spirit AeroSystems news, SVP William Edward Brown sold 5,500 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $92.36, for a total transaction of $507,980.00. Following the completion of the transaction, the senior vice president now directly owns 21,664 shares in the company, valued at approximately $2,000,887.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stacy Cozad sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $91.47, for a total transaction of $100,617.00. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.
Spirit AeroSystems Holdings, Inc. (SPR) opened at $91.02 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.64 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10,400.18, a PE ratio of 30.14, a PEG ratio of 1.31 and a beta of 1.45. Spirit AeroSystems Holdings, Inc. has a twelve month low of $51.85 and a twelve month high of $105.20.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Friday, February 2nd. The aerospace company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.10. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm posted $0.89 EPS. The business’s revenue was up 9.2% compared to the same quarter last year. analysts forecast that Spirit AeroSystems Holdings, Inc. will post 6.42 earnings per share for the current fiscal year.
Spirit AeroSystems announced that its board has initiated a stock buyback program on Friday, February 2nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Monday, March 19th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.40 annualized dividend and a yield of 0.44%. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 13.25%.
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About Spirit AeroSystems
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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