Spirit AeroSystems Holdings, Inc. (SPR) is Hound Partners LLC’s 5th Largest Position

Hound Partners LLC decreased its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 13.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,629,100 shares of the aerospace company’s stock after selling 582,724 shares during the period. Spirit AeroSystems makes up about 7.6% of Hound Partners LLC’s investment portfolio, making the stock its 5th largest position. Hound Partners LLC’s holdings in Spirit AeroSystems were worth $303,756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPR. BlackRock Inc. raised its stake in shares of Spirit AeroSystems by 18.7% during the fourth quarter. BlackRock Inc. now owns 7,616,743 shares of the aerospace company’s stock valued at $664,561,000 after purchasing an additional 1,200,213 shares during the period. Boston Partners raised its stake in shares of Spirit AeroSystems by 22.6% during the first quarter. Boston Partners now owns 5,177,105 shares of the aerospace company’s stock valued at $433,323,000 after purchasing an additional 952,968 shares during the period. Cannell Peter B & Co. Inc. purchased a new stake in shares of Spirit AeroSystems during the first quarter valued at approximately $29,159,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Spirit AeroSystems during the first quarter valued at approximately $27,105,000. Finally, Impala Asset Management LLC purchased a new stake in shares of Spirit AeroSystems during the fourth quarter valued at approximately $28,076,000. Hedge funds and other institutional investors own 95.62% of the company’s stock.

In other news, Director Laura Wright purchased 1,200 shares of Spirit AeroSystems stock in a transaction dated Tuesday, May 15th. The stock was bought at an average price of $84.46 per share, with a total value of $101,352.00. Following the completion of the acquisition, the director now owns 3,187 shares in the company, valued at approximately $269,174.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $85.00, for a total transaction of $42,500.00. Following the transaction, the director now directly owns 3,457 shares of the company’s stock, valued at approximately $293,845. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Spirit AeroSystems from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. ValuEngine downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Cowen reissued a “buy” rating and set a $110.00 price target on shares of Spirit AeroSystems in a research report on Wednesday, May 2nd. Canaccord Genuity decreased their price target on shares of Spirit AeroSystems from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, May 3rd. Finally, Zacks Investment Research downgraded shares of Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $98.79.

Spirit AeroSystems stock opened at $89.18 on Thursday. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 0.98. Spirit AeroSystems Holdings, Inc. has a 12 month low of $55.46 and a 12 month high of $105.20.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, May 2nd. The aerospace company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. Spirit AeroSystems had a return on equity of 35.11% and a net margin of 4.82%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 6.28 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 9th. Shareholders of record on Monday, June 18th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Friday, June 15th. This is an increase from Spirit AeroSystems’s previous quarterly dividend of $0.10. Spirit AeroSystems’s payout ratio is currently 7.48%.

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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