Gargoyle Investment Advisor L.L.C. held its stake in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) during the second quarter, according to its most recent filing with the SEC. The fund owned 50,559 shares of the aerospace company’s stock at the end of the second quarter. Spirit Aerosystems Holdings accounts for 1.2% of Gargoyle Investment Advisor L.L.C.’s investment portfolio, making the stock its 29th largest position. Gargoyle Investment Advisor L.L.C.’s holdings in Spirit Aerosystems Holdings were worth $2,929,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised 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 period. Focused Wealth Management Inc raised its stake in shares of 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 during the period. State of Alaska Department of Revenue raised its stake in shares of 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 during the period. Parametrica Management Ltd purchased a new stake in shares of Spirit Aerosystems Holdings during the second quarter valued at $217,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of 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 during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Spirit Aerosystems Holdings, Inc. (NYSE:SPR) opened at 68.91 on Friday. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 24.74 and a beta of 1.36. Spirit Aerosystems Holdings, Inc. has a 52-week low of $42.26 and a 52-week high of $73.86. The company’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 issued its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.37. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.74 billion. Spirit Aerosystems Holdings had a return on equity of 30.82% and a net margin of 4.97%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS. Equities analysts predict that Spirit Aerosystems Holdings, Inc. will post $5.16 earnings per share for the current fiscal year.

Spirit Aerosystems Holdings announced that its board has initiated a stock buyback plan on Wednesday, August 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the aerospace company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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

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A number of brokerages have recently issued reports on SPR. UBS AG raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Tuesday, May 9th. Credit Suisse Group reaffirmed a “buy” rating and set a $74.00 target price on shares of Spirit Aerosystems Holdings in a research report on Friday, May 5th. BidaskClub lowered Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Jefferies Group LLC set a $68.00 target price on Spirit Aerosystems Holdings and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Finally, Seaport Global Securities raised Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $83.00 in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Spirit Aerosystems Holdings has a consensus rating of “Hold” and a consensus 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 value of $246,326.00. Following the sale, the director now owns 1,964 shares of the company’s stock, valued at approximately $113,912. The transaction was disclosed in a document filed 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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