Point72 Asset Management L.P. Takes Position in Spirit AeroSystems Holdings, Inc. (SPR)

Point72 Asset Management L.P. bought a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 132,900 shares of the aerospace company’s stock, valued at approximately $10,329,000. Point72 Asset Management L.P. owned about 0.11% of Spirit AeroSystems at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SPR. Sei Investments Co. raised its stake in shares of Spirit AeroSystems by 23.8% in the second quarter. Sei Investments Co. now owns 9,052 shares of the aerospace company’s stock valued at $524,000 after acquiring an additional 1,743 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Spirit AeroSystems in the second quarter valued at approximately $267,000. Canada Pension Plan Investment Board raised its stake in shares of Spirit AeroSystems by 449.6% in the second quarter. Canada Pension Plan Investment Board now owns 75,300 shares of the aerospace company’s stock valued at $4,363,000 after acquiring an additional 61,600 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Spirit AeroSystems by 63.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 39,703 shares of the aerospace company’s stock valued at $2,274,000 after acquiring an additional 15,464 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Spirit AeroSystems by 2.3% in the second quarter. Teacher Retirement System of Texas now owns 9,750 shares of the aerospace company’s stock valued at $565,000 after acquiring an additional 222 shares during the last quarter. Institutional investors own 96.21% of the company’s stock.

Several research analysts recently weighed in on SPR shares. ValuEngine cut shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Canaccord Genuity restated a “buy” rating and issued a $86.00 price objective on shares of Spirit AeroSystems in a research report on Friday, November 17th. Royal Bank of Canada set a $77.00 price objective on shares of Spirit AeroSystems and gave the stock a “sell” rating in a research report on Sunday, November 12th. Berenberg Bank started coverage on shares of Spirit AeroSystems in a research report on Tuesday, November 7th. They issued a “buy” rating and a $100.00 price objective for the company. Finally, Zacks Investment Research cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $81.68.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $84.13, for a total transaction of $42,065.00. Following the completion of the sale, the director now owns 1,964 shares in the company, valued at approximately $165,231.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $83.04, for a total transaction of $415,200.00. Following the sale, the senior vice president now owns 39,374 shares of the company’s stock, valued at approximately $3,269,616.96. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded up $0.77 during trading on Friday, hitting $85.39. 1,069,966 shares of the company’s stock traded hands, compared to its average volume of 1,206,560. The company has a market cap of $9,795.67, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. Spirit AeroSystems Holdings, Inc. has a 52 week low of $51.85 and a 52 week high of $85.77. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, meeting the consensus estimate of $1.26. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations 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 posted $1.16 EPS. research analysts forecast that Spirit AeroSystems Holdings, Inc. will post 5.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Shareholders 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 0.47%. The ex-dividend date of this dividend is Friday, December 15th. Spirit AeroSystems’s payout ratio is 14.08%.

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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.

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

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