IBM Retirement Fund Sells 5,943 Shares of Spirit Aerosystems Holdings, Inc. (SPR)
IBM Retirement Fund cut its position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 32.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,329 shares of the company’s stock after selling 5,943 shares during the period. IBM Retirement Fund’s holdings in Spirit Aerosystems Holdings were worth $549,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Spirit Aerosystems Holdings during the second quarter worth about $72,544,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Spirit Aerosystems Holdings during the second quarter worth $36,765,000. Numeric Investors LLC raised its position in shares of Spirit Aerosystems Holdings by 25.2% in the second quarter. Numeric Investors LLC now owns 2,370,483 shares of the company’s stock worth $101,931,000 after buying an additional 477,100 shares in the last quarter. Marshall Wace LLP raised its position in shares of Spirit Aerosystems Holdings by 45.3% in the second quarter. Marshall Wace LLP now owns 1,478,637 shares of the company’s stock worth $63,581,000 after buying an additional 461,120 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Spirit Aerosystems Holdings by 167.1% in the second quarter. UBS Asset Management Americas Inc. now owns 511,639 shares of the company’s stock worth $22,001,000 after buying an additional 320,097 shares in the last quarter.
Spirit Aerosystems Holdings, Inc. (NYSE:SPR) traded up 0.35% during trading on Friday, reaching $58.11. The company had a trading volume of 654,366 shares. The stock has a market cap of $7.07 billion, a P/E ratio of 15.24 and a beta of 1.35. The firm has a 50-day moving average price of $59.14 and a 200 day moving average price of $49.67. Spirit Aerosystems Holdings, Inc. has a 12-month low of $40.03 and a 12-month high of $61.55.
Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings data on Tuesday, November 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.09. Spirit Aerosystems Holdings had a net margin of 7.32% and a return on equity of 29.92%. The business earned $1.71 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business earned $0.89 EPS. Spirit Aerosystems Holdings’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that Spirit Aerosystems Holdings, Inc. will post $4.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 9th. Shareholders of record on Monday, December 19th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, December 15th. Spirit Aerosystems Holdings’s dividend payout ratio is 10.50%.
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A number of brokerages have weighed in on SPR. Zacks Investment Research lowered Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. J P Morgan Chase & Co lowered Spirit Aerosystems Holdings from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $61.00 to $67.00 in a research report on Friday, December 9th. Credit Suisse Group reaffirmed a “buy” rating and issued a $62.00 target price on shares of Spirit Aerosystems Holdings in a research report on Friday, November 4th. Deutsche Bank AG increased their target price on Spirit Aerosystems Holdings from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Monday, December 5th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Spirit Aerosystems Holdings in a research report on Thursday, November 3rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $58.15.
In other news, Director John L. Plueger bought 2,000 shares of the business’s stock in a transaction on Tuesday, December 13th. The stock was purchased at an average price of $59.49 per share, with a total value of $118,980.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $118,980. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.
Spirit Aerosystems Holdings 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 a supplier of aero-structures to The Boeing Company (Boeing) and Airbus SAS (Airbus). The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.
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