Stifel Financial Corp Cuts Stake in Spirit AeroSystems Holdings, Inc. (SPR)

Stifel Financial Corp lessened its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 38.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,807 shares of the aerospace company’s stock after selling 5,399 shares during the quarter. Stifel Financial Corp’s holdings in Spirit AeroSystems were worth $682,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its stake in shares of Spirit AeroSystems by 6.5% during the 2nd quarter. D.A. Davidson & CO. now owns 5,498 shares of the aerospace company’s stock worth $318,000 after buying an additional 336 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Spirit AeroSystems by 8.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,501 shares of the aerospace company’s stock worth $261,000 after buying an additional 369 shares during the last quarter. Comerica Bank raised its stake in shares of Spirit AeroSystems by 8.8% during the 3rd quarter. Comerica Bank now owns 7,484 shares of the aerospace company’s stock worth $602,000 after buying an additional 608 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Spirit AeroSystems by 15.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,915 shares of the aerospace company’s stock worth $284,000 after buying an additional 667 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Spirit AeroSystems by 19.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,422 shares of the aerospace company’s stock worth $257,000 after buying an additional 705 shares during the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) opened at $87.25 on Friday. The company has a market capitalization of $10,085.88, a PE ratio of 17.84, a P/E/G ratio of 1.54 and a beta of 1.16. Spirit AeroSystems Holdings, Inc. has a 52-week low of $51.85 and a 52-week high of $87.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.56.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, hitting analysts’ consensus estimates of $1.26. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. analysts expect that Spirit AeroSystems Holdings, Inc. will post 5.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Monday, December 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, December 15th. Spirit AeroSystems’s dividend payout ratio (DPR) is 14.08%.

SPR has been the subject of several research reports. Royal Bank of Canada set a $69.00 price target on Spirit AeroSystems and gave the stock a “sell” rating in a research note on Sunday, September 10th. Zacks Investment Research raised Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Wednesday, October 11th. Citigroup reaffirmed a “buy” rating and set a $91.00 price target (up previously from $85.00) on shares of Spirit AeroSystems in a research note on Monday, October 9th. Credit Suisse Group lifted their price target on Spirit AeroSystems from $88.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 price target on shares of Spirit AeroSystems in a research note on Friday, November 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Spirit AeroSystems currently has a consensus rating of “Buy” and a consensus target price of $81.68.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $84.13, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Duane F. Hawkins sold 5,000 shares of Spirit AeroSystems stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $83.04, for a total value of $415,200.00. Following the completion of 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. 0.28% of the stock is owned by insiders.

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

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