Itau Unibanco Holding S.A. increased its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 11.1% during the 4th quarter, HoldingsChannel reports. The firm owned 12,824 shares of the aerospace company’s stock after buying an additional 1,278 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Spirit AeroSystems were worth $1,119,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in SPR. Boston Partners raised its holdings in Spirit AeroSystems by 74.5% during the third quarter. Boston Partners now owns 4,230,462 shares of the aerospace company’s stock worth $328,791,000 after purchasing an additional 1,806,228 shares in the last quarter. BlackRock Inc. raised its holdings in Spirit AeroSystems by 18.7% during the fourth quarter. BlackRock Inc. now owns 7,616,743 shares of the aerospace company’s stock worth $664,561,000 after purchasing an additional 1,200,213 shares in the last quarter. LSV Asset Management raised its holdings in Spirit AeroSystems by 19.5% during the fourth quarter. LSV Asset Management now owns 5,080,842 shares of the aerospace company’s stock worth $443,303,000 after purchasing an additional 827,943 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in Spirit AeroSystems during the third quarter worth approximately $52,067,000. Finally, JPMorgan Chase & Co. raised its holdings in Spirit AeroSystems by 79.9% during the third quarter. JPMorgan Chase & Co. now owns 745,016 shares of the aerospace company’s stock worth $57,813,000 after purchasing an additional 330,903 shares in the last quarter.
Spirit AeroSystems Holdings, Inc. (SPR) opened at $92.35 on Monday. Spirit AeroSystems Holdings, Inc. has a 52-week low of $51.85 and a 52-week high of $105.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.64. The firm has a market cap of $10,573.06, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.37.
Spirit AeroSystems announced that its board has initiated a stock repurchase plan on Friday, February 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, March 16th. Spirit AeroSystems’s dividend payout ratio is currently 13.25%.
In related news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction on Friday, December 1st. The shares were 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 of the company’s stock, valued at approximately $165,231.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP William Edward Brown sold 5,500 shares of Spirit AeroSystems stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $92.36, for a total transaction of $507,980.00. Following the completion of the sale, the senior vice president now directly owns 21,664 shares of the company’s stock, valued at approximately $2,000,887.04. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
Several equities research analysts recently commented on the company. Jefferies Group reissued a “buy” rating and set a $112.00 target price on shares of Spirit AeroSystems in a report on Monday, February 5th. Cowen reaffirmed a “buy” rating and issued a $110.00 price target on shares of Spirit AeroSystems in a report on Monday, February 5th. ValuEngine raised Spirit AeroSystems from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $115.00 price target on shares of Spirit AeroSystems in a report on Monday, January 29th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $129.00 price target on shares of Spirit AeroSystems in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $95.50.
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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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