Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP cut its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPRGet Rating) by 58.3% during the first quarter, HoldingsChannel.com reports. The firm owned 4,781 shares of the aerospace company’s stock after selling 6,695 shares during the period. Aigen Investment Management LP’s holdings in Spirit AeroSystems were worth $234,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Alliancebernstein L.P. increased its position in shares of Spirit AeroSystems by 8.7% during the fourth quarter. Alliancebernstein L.P. now owns 4,122,315 shares of the aerospace company’s stock worth $177,631,000 after purchasing an additional 329,723 shares in the last quarter. Marshall Wace LLP increased its position in shares of Spirit AeroSystems by 36,482.5% during the fourth quarter. Marshall Wace LLP now owns 3,281,450 shares of the aerospace company’s stock worth $141,395,000 after purchasing an additional 3,272,480 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Spirit AeroSystems by 28.4% during the fourth quarter. Nuveen Asset Management LLC now owns 1,810,671 shares of the aerospace company’s stock valued at $78,021,000 after buying an additional 400,705 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Spirit AeroSystems by 75.8% during the fourth quarter. Point72 Asset Management L.P. now owns 1,460,698 shares of the aerospace company’s stock valued at $62,941,000 after buying an additional 629,998 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Spirit AeroSystems by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,288,927 shares of the aerospace company’s stock valued at $55,539,000 after buying an additional 44,446 shares during the last quarter. 79.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. TheStreet lowered shares of Spirit AeroSystems from a “c-” rating to a “d+” rating in a report on Wednesday, June 1st. Robert W. Baird dropped their price objective on shares of Spirit AeroSystems from $53.00 to $43.00 in a report on Thursday. Susquehanna dropped their price objective on shares of Spirit AeroSystems from $50.00 to $41.00 in a report on Thursday. Sanford C. Bernstein dropped their price objective on shares of Spirit AeroSystems from $66.00 to $58.00 in a report on Thursday, May 5th. Finally, Morgan Stanley dropped their price objective on shares of Spirit AeroSystems from $54.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.27.

Spirit AeroSystems Price Performance

NYSE:SPR opened at $30.42 on Friday. Spirit AeroSystems Holdings, Inc. has a one year low of $26.18 and a one year high of $53.31. The company has a debt-to-equity ratio of 9.77, a quick ratio of 1.22 and a current ratio of 1.98. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -7.51 and a beta of 1.69. The firm’s fifty day moving average is $31.33 and its two-hundred day moving average is $39.32.

Spirit AeroSystems (NYSE:SPRGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The aerospace company reported ($1.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($1.00). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. Spirit AeroSystems had a negative return on equity of 51.61% and a negative net margin of 9.98%. The company’s revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.31) EPS. Research analysts expect that Spirit AeroSystems Holdings, Inc. will post -0.2 EPS for the current year.

Spirit AeroSystems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be given a $0.01 dividend. The ex-dividend date is Friday, September 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.13%. Spirit AeroSystems’s dividend payout ratio (DPR) is currently -0.99%.

Spirit AeroSystems Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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