CIBC World Markets Inc. decreased its holdings in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 96.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,177 shares of the aerospace company’s stock after selling 200,609 shares during the quarter. CIBC World Markets Inc.’s holdings in Spirit Aerosystems Holdings were worth $416,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Canada Pension Plan Investment Board raised its holdings in Spirit Aerosystems Holdings by 25.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 13,700 shares of the aerospace company’s stock valued at $794,000 after acquiring an additional 2,800 shares in the last quarter. World Asset Management Inc raised its holdings in Spirit Aerosystems Holdings by 11.1% in the 1st quarter. World Asset Management Inc now owns 4,961 shares of the aerospace company’s stock valued at $287,000 after acquiring an additional 494 shares in the last quarter. Karp Capital Management Corp acquired a new position in Spirit Aerosystems Holdings in the 1st quarter valued at approximately $3,271,000. Ameriprise Financial Inc. raised its holdings in Spirit Aerosystems Holdings by 6.4% in the 1st quarter. Ameriprise Financial Inc. now owns 472,657 shares of the aerospace company’s stock valued at $27,377,000 after acquiring an additional 28,466 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in Spirit Aerosystems Holdings by 1.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 293,308 shares of the aerospace company’s stock valued at $16,988,000 after acquiring an additional 2,910 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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Several equities analysts have commented on the company. Cowen and Company reaffirmed a “buy” rating and issued a $69.00 price target on shares of Spirit Aerosystems Holdings in a report on Wednesday, August 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $80.00 price target (up previously from $74.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, August 3rd. ValuEngine raised Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub cut Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $86.00 price target on shares of Spirit Aerosystems Holdings in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Spirit Aerosystems Holdings presently has a consensus rating of “Buy” and an average target price of $72.94.

Spirit Aerosystems Holdings, Inc. (SPR) opened at 78.14 on Thursday. The stock has a 50 day moving average price of $72.33 and a 200 day moving average price of $61.20. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 28.06 and a beta of 1.31. Spirit Aerosystems Holdings, Inc. has a 52-week low of $42.37 and a 52-week high of $78.20.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.37. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 earnings per share. Analysts anticipate that Spirit Aerosystems Holdings, Inc. will post $5.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.60%.

Spirit Aerosystems Holdings announced that its board has authorized a share 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

In related news, Director Charles L. Chadwell sold 6,600 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $76.49, for a total value of $504,834.00. Following the completion of the sale, the director now directly owns 23,828 shares in the company, valued at $1,822,603.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John A. Pilla sold 10,088 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total value of $752,564.80. Following the completion of the sale, the senior vice president now owns 93,258 shares of the company’s stock, valued at $6,957,046.80. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Spirit Aerosystems Holdings 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.

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

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