Oregon Public Employees Retirement Fund grew its stake in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 117.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,383 shares of the aerospace company’s stock after acquiring an additional 17,500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Spirit AeroSystems were worth $2,635,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in Spirit AeroSystems during the first quarter worth approximately $42,000. Bessemer Group Inc. lifted its position in Spirit AeroSystems by 96.7% during the fourth quarter. Bessemer Group Inc. now owns 836 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 411 shares during the last quarter. Smithfield Trust Co. lifted its position in Spirit AeroSystems by 538.5% during the first quarter. Smithfield Trust Co. now owns 830 shares of the aerospace company’s stock worth $76,000 after acquiring an additional 700 shares during the last quarter. Advisors Preferred LLC acquired a new stake in Spirit AeroSystems during the first quarter worth approximately $76,000. Finally, Signaturefd LLC lifted its position in Spirit AeroSystems by 120.0% during the first quarter. Signaturefd LLC now owns 970 shares of the aerospace company’s stock worth $89,000 after acquiring an additional 529 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.
Several equities research analysts have issued reports on SPR shares. Jefferies Financial Group restated a “buy” rating on shares of Extended Stay America in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Monday, July 8th. Cowen reaffirmed a “buy” rating and set a $28.00 target price on shares of Intra-Cellular Therapies in a report on Monday, July 8th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, SunTrust Banks lowered their target price on shares of Broadcom to $307.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $95.22.
NYSE:SPR traded up $1.90 during mid-day trading on Tuesday, reaching $81.02. The stock had a trading volume of 40,788 shares, compared to its average volume of 1,229,925. The business has a 50-day simple moving average of $79.56. The stock has a market capitalization of $8.18 billion, a PE ratio of 12.93, a PEG ratio of 1.46 and a beta of 1.28. The company has a quick ratio of 1.39, a current ratio of 1.95 and a debt-to-equity ratio of 1.71. Spirit AeroSystems Holdings, Inc. has a 12 month low of $64.48 and a 12 month high of $100.34.
Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.01. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Spirit AeroSystems had a net margin of 8.78% and a return on equity of 63.36%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Sell-side analysts expect that Spirit AeroSystems Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Monday, June 17th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. Spirit AeroSystems’s payout ratio is presently 7.67%.
Spirit AeroSystems 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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