Shell Asset Management Co. held its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) during the second quarter, Holdings Channel reports. The firm owned 16,137 shares of the aerospace company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Spirit Aerosystems Holdings were worth $935,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Spirit Aerosystems Holdings by 9.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock valued at $106,000 after buying an additional 160 shares during the last quarter. Focused Wealth Management Inc boosted its stake in Spirit Aerosystems Holdings by 68.8% in the first quarter. Focused Wealth Management Inc now owns 2,700 shares of the aerospace company’s stock valued at $156,000 after buying an additional 1,100 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Spirit Aerosystems Holdings by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 3,317 shares of the aerospace company’s stock valued at $192,000 after buying an additional 149 shares in the last quarter. Parametrica Management Ltd bought a new stake in Spirit Aerosystems Holdings during the second quarter valued at approximately $217,000. Finally, PNC Financial Services Group Inc. boosted its stake in Spirit Aerosystems Holdings by 20.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,248 shares of the aerospace company’s stock valued at $247,000 after buying an additional 710 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Spirit Aerosystems Holdings, Inc. (NYSE SPR) opened at 69.74 on Thursday. The company’s 50-day moving average is $61.29 and its 200-day moving average is $58.26. The stock has a market capitalization of $8.25 billion, a PE ratio of 25.01 and a beta of 1.36. Spirit Aerosystems Holdings, Inc. has a 12 month low of $42.26 and a 12 month high of $73.86.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.37. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. Spirit Aerosystems Holdings’s revenue was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.21 EPS. Equities research analysts forecast that Spirit Aerosystems Holdings, Inc. will post $5.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Monday, September 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, September 15th. Spirit Aerosystems Holdings’s payout ratio is currently 14.60%.

Spirit Aerosystems Holdings declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the aerospace company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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Several research firms have recently commented on SPR. Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 target price (up from $65.00) on shares of Spirit Aerosystems Holdings in a research report on Wednesday. Cowen and Company reaffirmed an “outperform” rating and issued a $79.00 target price (up from $69.00) on shares of Spirit Aerosystems Holdings in a research report on Tuesday. Morgan Stanley raised their target price on shares of Spirit Aerosystems Holdings from $66.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday. BidaskClub raised shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $80.00 target price (up from $74.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $68.80.

In related news, Director Richard A. Gephardt sold 4,247 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $58.00, for a total value of $246,326.00. Following the completion of the transaction, the director now directly owns 1,964 shares of the company’s stock, valued at approximately $113,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% 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 also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.

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Institutional Ownership by Quarter for Spirit Aerosystems Holdings (NYSE:SPR)

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