ETRADE Capital Management LLC Grows Position in Spirit AeroSystems Holdings, Inc. (SPR)
ETRADE Capital Management LLC lifted its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 143.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,676 shares of the aerospace company’s stock after acquiring an additional 6,297 shares during the period. ETRADE Capital Management LLC’s holdings in Spirit AeroSystems were worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPR. State of Alaska Department of Revenue increased its position in shares of Spirit AeroSystems by 6.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock valued at $205,000 after acquiring an additional 222 shares during the period. Aperio Group LLC grew its position in Spirit AeroSystems by 6.9% during the 2nd quarter. Aperio Group LLC now owns 60,345 shares of the aerospace company’s stock worth $3,496,000 after purchasing an additional 3,877 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its position in Spirit AeroSystems by 0.7% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,700 shares of the aerospace company’s stock worth $794,000 after purchasing an additional 100 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in Spirit AeroSystems during the 2nd quarter worth about $21,437,000. Finally, Sei Investments Co. grew its position in Spirit AeroSystems by 23.8% during the 2nd quarter. Sei Investments Co. now owns 9,052 shares of the aerospace company’s stock worth $524,000 after purchasing an additional 1,743 shares during the period. 96.21% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Charles L. Chadwell sold 6,600 shares of Spirit AeroSystems stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the sale, the director now owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John A. Pilla sold 10,088 shares of Spirit AeroSystems stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total transaction 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 approximately $6,957,046.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,688 shares of company stock worth $1,672,599. Corporate insiders own 0.28% of the company’s stock.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded down $1.28 on Friday, reaching $82.97. 1,154,259 shares of the company’s stock were exchanged, compared to its average volume of 1,029,081. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. Spirit AeroSystems Holdings, Inc. has a twelve month low of $51.85 and a twelve month high of $84.96. The stock has a market cap of $9,740.00, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16.
Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 EPS. sell-side analysts forecast that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, December 15th. Spirit AeroSystems’s payout ratio is presently 14.08%.
SPR has been the topic of several analyst reports. Royal Bank Of Canada set a $69.00 price target on Spirit AeroSystems and gave the stock a “sell” rating in a research report on Sunday, September 10th. Zacks Investment Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Wednesday, October 11th. Citigroup restated a “buy” rating and set a $91.00 target price (up from $85.00) on shares of Spirit AeroSystems in a research report on Monday, October 9th. Credit Suisse Group raised their target price on Spirit AeroSystems from $88.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Finally, Sanford C. Bernstein restated an “in-line” rating and set a $98.00 target price (up from $87.00) on shares of Spirit AeroSystems in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $79.95.
WARNING: This article was first published by Daily Political and is the property of of Daily Political. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/12/01/etrade-capital-management-llc-grows-position-in-spirit-aerosystems-holdings-inc-spr.html.
Spirit AeroSystems 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.
Receive News & Ratings for Spirit AeroSystems Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.