Teachers Retirement System of The State of Kentucky cut its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 12.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,700 shares of the aerospace company’s stock after selling 17,800 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.11% of Spirit AeroSystems worth $11,055,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Strs Ohio acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at about $130,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at about $166,000. Guggenheim Capital LLC acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at about $207,000. LS Investment Advisors LLC acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at about $208,000. Finally, American International Group Inc. acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at about $211,000. Institutional investors and hedge funds own 97.48% of the company’s stock.
Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Spirit AeroSystems from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Jefferies Group reaffirmed a “buy” rating and set a $112.00 price objective on shares of Spirit AeroSystems in a research report on Monday, February 5th. Cowen reaffirmed a “buy” rating and set a $110.00 price objective on shares of Spirit AeroSystems in a research report on Monday, February 5th. ValuEngine raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $115.00 price objective on shares of Spirit AeroSystems in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. Spirit AeroSystems presently has an average rating of “Buy” and an average price target of $97.11.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) opened at $91.02 on Wednesday. The company has a market cap of $10,400.18, a PE ratio of 17.08, a PEG ratio of 1.31 and a beta of 1.45. The company has a quick ratio of 0.74, a current ratio of 1.64 and a debt-to-equity ratio of 0.62. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $105.20.
Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Friday, February 2nd. The aerospace company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.10. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Spirit AeroSystems had a net margin of 5.08% and a return on equity of 34.03%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post 6.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be issued a $0.10 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 13.25%.
Spirit AeroSystems declared that its Board of Directors has initiated a share repurchase plan on Friday, February 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
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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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