Boston Partners purchased a new stake in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) during the second quarter, Holdings Channel reports. The fund purchased 2,424,234 shares of the aerospace company’s stock, valued at approximately $140,460,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SPR. DUPONT CAPITAL MANAGEMENT Corp boosted its position in Spirit Aerosystems Holdings by 7.8% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 159,133 shares of the aerospace company’s stock valued at $9,217,000 after buying an additional 11,514 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in Spirit Aerosystems Holdings by 90.7% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 195,008 shares of the aerospace company’s stock worth $11,294,000 after buying an additional 92,750 shares during the period. Breton Hill Capital Ltd. boosted its stake in Spirit Aerosystems Holdings by 12.4% in the first quarter. Breton Hill Capital Ltd. now owns 17,517 shares of the aerospace company’s stock worth $1,015,000 after buying an additional 1,932 shares during the period. River Road Asset Management LLC boosted its stake in Spirit Aerosystems Holdings by 8.4% in the first quarter. River Road Asset Management LLC now owns 318,720 shares of the aerospace company’s stock worth $18,460,000 after buying an additional 24,677 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its stake in Spirit Aerosystems Holdings by 12.0% in the first quarter. Glen Harbor Capital Management LLC now owns 73,948 shares of the aerospace company’s stock worth $4,283,000 after buying an additional 7,896 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Shares of Spirit Aerosystems Holdings, Inc. (NYSE SPR) opened at 68.91 on Friday. Spirit Aerosystems Holdings, Inc. has a 12-month low of $42.26 and a 12-month high of $73.86. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 24.74 and a beta of 1.36. The firm’s 50-day moving average price is $61.97 and its 200 day moving average price is $58.42.

Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.37. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. On average, analysts predict that Spirit Aerosystems Holdings, Inc. will post $5.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. Spirit Aerosystems Holdings’s payout ratio is currently 14.60%.

Spirit Aerosystems Holdings declared that its board has authorized a share buyback plan on Wednesday, August 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the aerospace company to buy up to 4.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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A number of analysts recently commented on the company. Cowen and Company reiterated a “buy” rating and set a $69.00 price objective on shares of Spirit Aerosystems Holdings in a research report on Wednesday, August 2nd. Credit Suisse Group reiterated an “outperform” rating and set a $80.00 price objective (up previously from $74.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, August 3rd. UBS AG upgraded Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Tuesday, May 9th. BidaskClub cut Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $68.00 price objective on shares of Spirit Aerosystems Holdings in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $69.56.

In other Spirit Aerosystems Holdings news, Director Richard A. Gephardt sold 4,247 shares of Spirit Aerosystems Holdings stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $58.00, for a total transaction of $246,326.00. Following the completion of the transaction, the director now owns 1,964 shares in the company, valued at approximately $113,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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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