Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 12.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,259,475 shares of the aerospace company’s stock after selling 182,416 shares during the quarter. Clearbridge Investments LLC’s holdings in Spirit AeroSystems were worth $59,435,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SPR. Parkside Financial Bank & Trust lifted its holdings in shares of Spirit AeroSystems by 84.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 527 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 241 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Spirit AeroSystems in the 1st quarter valued at about $54,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Spirit AeroSystems during the 2nd quarter valued at approximately $60,000. Fifth Third Bancorp raised its stake in Spirit AeroSystems by 40.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,011 shares of the aerospace company’s stock valued at $95,000 after acquiring an additional 578 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators purchased a new stake in Spirit AeroSystems during the 2nd quarter valued at approximately $131,000. 74.80% of the stock is owned by institutional investors and hedge funds.

Shares of Spirit AeroSystems stock opened at $46.55 on Thursday. Spirit AeroSystems Holdings, Inc. has a fifty-two week low of $17.60 and a fifty-two week high of $53.63. The firm has a market cap of $4.91 billion, a PE ratio of -6.38 and a beta of 2.09. The business’s fifty day moving average is $41.78 and its two-hundred day moving average is $44.87. The company has a quick ratio of 1.62, a current ratio of 2.48 and a debt-to-equity ratio of 6.34.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Tuesday, August 3rd. The aerospace company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.70) by $0.39. Spirit AeroSystems had a negative return on equity of 52.84% and a negative net margin of 21.15%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $956.45 million. During the same period last year, the company posted ($2.28) EPS. The business’s quarterly revenue was up 55.3% on a year-over-year basis. Equities research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post -2.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 4th. Shareholders of record on Monday, September 13th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Friday, September 10th. Spirit AeroSystems’s dividend payout ratio (DPR) is presently -0.70%.

A number of equities analysts have recently issued reports on SPR shares. Susquehanna cut their target price on Spirit AeroSystems from $60.00 to $54.00 and set a “positive” rating for the company in a research note on Thursday, August 5th. Credit Suisse Group cut their target price on Spirit AeroSystems from $62.00 to $58.00 and set an “outperform” rating for the company in a research note on Thursday, August 5th. Cowen increased their target price on Spirit AeroSystems from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 22nd. Bank of America upgraded Spirit AeroSystems from an “underperform” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Friday, August 6th. Finally, Sanford C. Bernstein upgraded Spirit AeroSystems from a “market perform” rating to an “outperform” rating and increased their target price for the company from $53.00 to $66.00 in a report on Wednesday, September 29th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $49.38.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates through the following segments: Fuselage Systems, Propulsion Systems, Wing Systems, and All Other. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems.

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

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