Russell Investments Group Ltd. Sells 98,258 Shares of Spirit AeroSystems Holdings, Inc. (SPR)

Russell Investments Group Ltd. trimmed its position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 78.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,402 shares of the aerospace company’s stock after selling 98,258 shares during the period. Russell Investments Group Ltd.’s holdings in Spirit AeroSystems were worth $2,422,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPR. First Trust Advisors LP grew its position in Spirit AeroSystems by 593.5% in the third quarter. First Trust Advisors LP now owns 131,816 shares of the aerospace company’s stock valued at $12,084,000 after acquiring an additional 112,810 shares in the last quarter. Retirement Systems of Alabama grew its position in Spirit AeroSystems by 4.1% in the third quarter. Retirement Systems of Alabama now owns 33,015 shares of the aerospace company’s stock valued at $3,026,000 after acquiring an additional 1,300 shares in the last quarter. First Quadrant L P CA grew its position in Spirit AeroSystems by 44.5% in the third quarter. First Quadrant L P CA now owns 138,110 shares of the aerospace company’s stock valued at $12,661,000 after acquiring an additional 42,544 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Spirit AeroSystems in the third quarter valued at approximately $154,000. Finally, IFM Investors Pty Ltd grew its position in Spirit AeroSystems by 15.2% in the third quarter. IFM Investors Pty Ltd now owns 6,031 shares of the aerospace company’s stock valued at $553,000 after acquiring an additional 796 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.

In other news, SVP John A. Pilla sold 9,642 shares of the stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $84.01, for a total transaction of $810,024.42. Following the completion of the transaction, the senior vice president now directly owns 21,866 shares in the company, valued at approximately $1,836,962.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $85.37, for a total value of $42,685.00. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

SPR has been the subject of several recent research reports. Wells Fargo & Co set a $105.00 price objective on shares of Spirit AeroSystems and gave the company a “buy” rating in a research report on Thursday, November 1st. Credit Suisse Group increased their price objective on shares of Spirit AeroSystems from $102.00 to $103.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Bank of America raised shares of Spirit AeroSystems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $105.00 in a research report on Thursday, November 8th. Standpoint Research raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, UBS Group initiated coverage on shares of Spirit AeroSystems in a research report on Wednesday, August 15th. They issued a “buy” rating and a $110.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $106.27.

Spirit AeroSystems stock opened at $81.88 on Monday. The company has a market cap of $8.68 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.57 and a quick ratio of 1.06. Spirit AeroSystems Holdings, Inc. has a 52 week low of $77.54 and a 52 week high of $105.20.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Wednesday, October 31st. The aerospace company reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.07. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Spirit AeroSystems had a return on equity of 46.86% and a net margin of 7.92%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. As a group, analysts forecast that Spirit AeroSystems Holdings, Inc. will post 6.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Monday, December 17th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Friday, December 14th. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 8.97%.

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Spirit AeroSystems Profile

Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through 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 offers related spares and maintenance, repairs, and overhaul (MRO) services.

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

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