Janus Henderson Group PLC cut its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 52.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,365 shares of the aerospace company’s stock after selling 99,900 shares during the quarter. Janus Henderson Group PLC owned about 0.08% of Spirit AeroSystems worth $6,945,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. bought a new stake in shares of Spirit AeroSystems during the 2nd quarter valued at $200,000. Nine Chapters Capital Management LLC bought a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at $218,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at $227,000. Hillsdale Investment Management Inc. lifted its position in shares of Spirit AeroSystems by 23.2% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock valued at $228,000 after acquiring an additional 740 shares during the period. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at $228,000. Institutional investors and hedge funds own 96.12% of the company’s stock.
In other news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $84.13, for a total transaction of $42,065.00. Following the completion of the transaction, the director now owns 1,964 shares of the company’s stock, valued at approximately $165,231.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Duane F. Hawkins sold 5,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $83.04, for a total value of $415,200.00. Following the transaction, the senior vice president now directly 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. 0.28% of the stock is currently owned by insiders.
Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, hitting analysts’ consensus estimates of $1.26. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the firm earned $1.16 EPS. Spirit AeroSystems’s revenue was up 2.2% on a year-over-year basis. research analysts expect that Spirit AeroSystems Holdings, Inc. will post 5.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 14.08%.
SPR has been the subject of a number of recent analyst reports. ValuEngine upgraded Spirit AeroSystems from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and set a $86.00 target price on shares of Spirit AeroSystems in a research report on Friday, September 8th. Royal Bank of Canada set a $69.00 target price on Spirit AeroSystems and gave the company a “sell” rating in a research report on Sunday, September 10th. Citigroup reiterated a “buy” rating and set a $85.00 target price on shares of Spirit AeroSystems in a research report on Tuesday, September 26th. Finally, Jefferies Group upped their target price on Spirit AeroSystems from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 28th. 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 stock. The company currently has an average rating of “Buy” and an average price target of $81.68.
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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.
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