Clal Insurance Enterprises Holdings Ltd decreased its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 22.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the aerospace company’s stock after selling 2,900 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Spirit AeroSystems were worth $916,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Spirit AeroSystems by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 1,113,218 shares of the aerospace company’s stock worth $80,201,000 after acquiring an additional 158,183 shares in the last quarter. Norges Bank acquired a new position in Spirit AeroSystems during the 4th quarter valued at approximately $64,753,000. Northern Trust Corp boosted its position in Spirit AeroSystems by 31.8% during the 1st quarter. Northern Trust Corp now owns 881,411 shares of the aerospace company’s stock valued at $80,676,000 after purchasing an additional 212,683 shares during the period. Dimensional Fund Advisors LP boosted its position in Spirit AeroSystems by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 846,217 shares of the aerospace company’s stock valued at $61,000,000 after purchasing an additional 37,859 shares during the period. Finally, J. L. Bainbridge & Co. Inc. boosted its position in Spirit AeroSystems by 2.0% during the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 829,156 shares of the aerospace company’s stock valued at $59,774,000 after purchasing an additional 16,308 shares during the period. Institutional investors own 96.61% of the company’s stock.

In other news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $79.95, for a total value of $39,975.00. Following the sale, the director now owns 2,925 shares of the company’s stock, valued at approximately $233,853.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.84% of the stock is currently owned by insiders.

Shares of Spirit AeroSystems stock opened at $78.53 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.39 and a current ratio of 1.95. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. Spirit AeroSystems Holdings, Inc. has a 1-year low of $64.48 and a 1-year high of $100.34.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.01. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. Spirit AeroSystems had a return on equity of 63.36% and a net margin of 8.78%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. On average, research analysts forecast that Spirit AeroSystems Holdings, Inc. will post 7.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Monday, June 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, June 14th. Spirit AeroSystems’s dividend payout ratio is presently 7.67%.

A number of research analysts recently issued reports on SPR shares. Seaport Global Securities lowered Spirit AeroSystems from a “buy” rating to a “neutral” rating and set a $98.64 price objective for the company. in a research report on Tuesday, March 5th. Barclays restated a “buy” rating on shares of Spirit AeroSystems in a research report on Wednesday, March 13th. Vertical Research lowered Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 price objective for the company. in a research report on Wednesday, March 6th. Zacks Investment Research lowered Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Cowen lowered Spirit AeroSystems from an “outperform” rating to a “market perform” rating and set a $92.49 price objective for the company. in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $99.72.

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Spirit AeroSystems Profile

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and related spares, as well as maintenance, repairs, and overhaul (MRO) services.

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Institutional Ownership by Quarter for Spirit AeroSystems (NYSE:SPR)

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