Truvestments Capital LLC Buys New Stake in Spirit AeroSystems Holdings, Inc. (SPR)

Truvestments Capital LLC bought a new stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 461 shares of the aerospace company’s stock, valued at approximately $42,000.

Several other institutional investors have also made changes to their positions in SPR. Great West Life Assurance Co. Can raised its stake in Spirit AeroSystems by 0.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 29,127 shares of the aerospace company’s stock worth $2,002,000 after buying an additional 129 shares during the period. Creative Planning raised its stake in Spirit AeroSystems by 4.6% during the 4th quarter. Creative Planning now owns 4,349 shares of the aerospace company’s stock worth $313,000 after buying an additional 190 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in Spirit AeroSystems by 66.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock worth $36,000 after buying an additional 200 shares during the period. BMT Investment Advisors raised its stake in Spirit AeroSystems by 0.9% during the 1st quarter. BMT Investment Advisors now owns 23,527 shares of the aerospace company’s stock worth $2,153,000 after buying an additional 204 shares during the period. Finally, SignalPoint Asset Management LLC raised its stake in Spirit AeroSystems by 3.6% during the 4th quarter. SignalPoint Asset Management LLC now owns 7,896 shares of the aerospace company’s stock worth $569,000 after buying an additional 274 shares during the period. Institutional investors own 95.66% of the company’s stock.

Shares of Spirit AeroSystems stock opened at $86.41 on Tuesday. The company has a market capitalization of $9.23 billion, a PE ratio of 13.80, a P/E/G ratio of 1.51 and a beta of 1.44. Spirit AeroSystems Holdings, Inc. has a 52 week low of $64.48 and a 52 week high of $100.34. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.80 and a quick ratio of 1.16.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Friday, February 1st. The aerospace company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. Spirit AeroSystems had a return on equity of 55.88% and a net margin of 8.54%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 earnings per share. On average, equities research analysts predict that Spirit AeroSystems Holdings, Inc. will post 7.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Monday, March 18th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, March 15th. Spirit AeroSystems’s payout ratio is 7.67%.

A number of research analysts recently weighed in on the company. Cowen reaffirmed a “hold” rating and set a $93.00 price target on shares of Spirit AeroSystems in a research note on Tuesday. Canaccord Genuity downgraded Spirit AeroSystems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $100.00 to $92.00 in a research note on Monday, April 8th. ValuEngine downgraded Spirit AeroSystems from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Credit Suisse Group reaffirmed an “outperform” rating and set a $103.00 price target (up from $96.00) on shares of Spirit AeroSystems in a research note on Monday, February 4th. Finally, SunTrust Banks upped their price target on Spirit AeroSystems to $96.00 and gave the stock an “in-line” rating in a research note on Monday, February 4th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $101.47.

In related news, Director Robert D. Johnson sold 500 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $99.60, for a total transaction of $49,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Fulchino sold 15,000 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $92.49, for a total value of $1,387,350.00. Following the sale, the director now directly owns 47,234 shares of the company’s stock, valued at $4,368,672.66. The disclosure for this sale can be found here. Insiders have sold 53,700 shares of company stock valued at $5,032,198 over the last ninety days. 0.84% of the stock is currently owned by company insiders.

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Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in 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 related spares, as well as maintenance, repairs, and overhaul (MRO) services.

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

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