Cubist Systematic Strategies LLC boosted its holdings in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 69.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,539 shares of the aerospace company’s stock after acquiring an additional 10,904 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Spirit Aerosystems Holdings were worth $1,538,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Spirit Aerosystems Holdings by 2.2% in the second quarter. State Street Corp now owns 2,083,909 shares of the aerospace company’s stock valued at $120,738,000 after purchasing an additional 44,802 shares during the period. Maverick Capital Ltd. raised its position in shares of Spirit Aerosystems Holdings by 53.2% in the second quarter. Maverick Capital Ltd. now owns 70,320 shares of the aerospace company’s stock valued at $4,074,000 after purchasing an additional 24,420 shares during the period. Janus Henderson Group PLC bought a new position in shares of Spirit Aerosystems Holdings in the second quarter valued at approximately $10,966,000. Cambria Investment Management L.P. bought a new position in shares of Spirit Aerosystems Holdings in the second quarter valued at approximately $905,000. Finally, Macquarie Group Ltd. raised its position in shares of Spirit Aerosystems Holdings by 12.8% in the second quarter. Macquarie Group Ltd. now owns 149,850 shares of the aerospace company’s stock valued at $8,682,000 after purchasing an additional 16,950 shares during the period. 98.66% of the stock is currently owned by institutional investors.

SPR has been the topic of a number of recent analyst reports. Buckingham Research lifted their price target on shares of Spirit Aerosystems Holdings from $53.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, September 28th. BidaskClub raised shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Goldman Sachs Group, Inc. (The) raised shares of Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and lifted their price target for the company from $54.00 to $68.00 in a research report on Thursday, August 10th. Cowen and Company reissued an “outperform” rating and issued a $88.00 price target (up previously from $79.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, September 28th. Finally, Canaccord Genuity lifted their price target on shares of Spirit Aerosystems Holdings from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $76.17.

In other Spirit Aerosystems Holdings news, Director Charles L. Chadwell sold 6,600 shares of the stock in a transaction dated 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 transaction, the director now directly owns 23,828 shares in the company, valued at $1,822,603.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John A. Pilla sold 10,088 shares of the stock in a transaction dated 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 transaction, 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 company insiders.

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Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) traded up 0.19% on Thursday, hitting $78.88. The company’s stock had a trading volume of 39,574 shares. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 28.32 and a beta of 1.36. The stock’s 50-day moving average price is $76.25 and its 200-day moving average price is $63.41. Spirit Aerosystems Holdings, Inc. has a 52 week low of $45.04 and a 52 week high of $79.84.

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 consensus estimate of $1.20 by $0.37. The business had revenue of $1.83 billion for 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%. Spirit Aerosystems Holdings’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.21 earnings per share. Equities analysts expect that Spirit Aerosystems Holdings, Inc. will post $5.25 earnings per share for the current fiscal year.

Spirit Aerosystems Holdings declared that its Board of Directors has initiated a share buyback program on Wednesday, August 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the aerospace company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Monday, September 18th were given a $0.10 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.40 annualized dividend and a yield of 0.51%. Spirit Aerosystems Holdings’s dividend payout ratio is presently 14.60%.

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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