Amundi Pioneer Asset Management Inc. Invests $5.93 Million in Spirit AeroSystems Holdings, Inc. (SPR)
Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 76,343 shares of the aerospace company’s stock, valued at approximately $5,933,000. Amundi Pioneer Asset Management Inc. owned approximately 0.06% of Spirit AeroSystems as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. purchased a new position in Spirit AeroSystems in the 2nd quarter worth $200,000. State of Alaska Department of Revenue raised its position in 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 worth $205,000 after purchasing an additional 222 shares during the period. Nine Chapters Capital Management LLC purchased a new position in Spirit AeroSystems in the 3rd quarter worth $218,000. Quantitative Systematic Strategies LLC purchased a new position in Spirit AeroSystems in the 3rd quarter worth $227,000. Finally, Hillsdale Investment Management Inc. raised its position in Spirit AeroSystems by 23.2% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 740 shares during the period. Hedge funds and other institutional investors own 96.21% of the company’s stock.
SPR has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. ValuEngine upgraded shares of Spirit AeroSystems from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. UBS reiterated a “buy” rating and issued a $81.00 target price (up previously from $63.00) on shares of Spirit AeroSystems in a research report on Monday, August 21st. Royal Bank Of Canada set a $69.00 target price on shares of Spirit AeroSystems and gave the stock a “sell” rating in a research report on Sunday, September 10th. Finally, Jefferies Group lifted their target price on shares of Spirit AeroSystems from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. Spirit AeroSystems currently has a consensus rating of “Hold” and an average price target of $79.95.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded down $1.28 during mid-day trading on Friday, hitting $82.97. 1,154,259 shares of the company’s stock were exchanged, compared to its average volume of 1,135,633. Spirit AeroSystems Holdings, Inc. has a 12-month low of $51.85 and a 12-month high of $84.96. The stock has a market capitalization of $9,741.32, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. 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 (NYSE:SPR) last released its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. research analysts expect that Spirit AeroSystems Holdings, Inc. will post 5.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Monday, December 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, December 15th. Spirit AeroSystems’s payout ratio is 14.08%.
In other Spirit AeroSystems news, SVP John A. Pilla sold 10,088 shares of the business’s 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 transaction, the senior vice president now owns 93,258 shares in the company, valued at $6,957,046.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $83.04, for a total transaction of $415,200.00. Following the completion of the transaction, the senior vice president now owns 39,374 shares in the company, valued at approximately $3,269,616.96. The disclosure for this sale can be found here. Insiders sold 21,688 shares of company stock worth $1,672,599 in the last 90 days. Corporate insiders own 0.28% of the company’s stock.
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About Spirit AeroSystems
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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