Spirit AeroSystems Holdings, Inc. (SPR) Stake Boosted by Dupont Capital Management Corp

Dupont Capital Management Corp increased its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,214 shares of the aerospace company’s stock after acquiring an additional 3,631 shares during the period. Dupont Capital Management Corp owned about 0.09% of Spirit AeroSystems worth $9,187,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. LSV Asset Management grew its holdings in shares of Spirit AeroSystems by 2.8% in the second quarter. LSV Asset Management now owns 5,178,473 shares of the aerospace company’s stock valued at $444,882,000 after acquiring an additional 138,708 shares in the last quarter. Scopia Capital Management LP grew its holdings in shares of Spirit AeroSystems by 4.9% in the second quarter. Scopia Capital Management LP now owns 5,050,529 shares of the aerospace company’s stock valued at $433,891,000 after acquiring an additional 236,079 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Spirit AeroSystems by 35.9% in the second quarter. OppenheimerFunds Inc. now owns 1,640,092 shares of the aerospace company’s stock valued at $140,900,000 after acquiring an additional 433,677 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Spirit AeroSystems by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 1,279,824 shares of the aerospace company’s stock valued at $109,948,000 after acquiring an additional 31,891 shares in the last quarter. Finally, J. L. Bainbridge & Co. Inc. bought a new position in shares of Spirit AeroSystems in the second quarter valued at approximately $70,804,000.

Several equities analysts recently commented on SPR shares. Bank of America upgraded Spirit AeroSystems from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $105.00 in a research note on Thursday. Cowen reiterated a “buy” rating and issued a $100.00 price objective on shares of Spirit AeroSystems in a research note on Wednesday, August 1st. ValuEngine upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. Wells Fargo & Co set a $105.00 price objective on Spirit AeroSystems and gave the company a “buy” rating in a research note on Thursday, November 1st. Finally, Standpoint Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $106.27.

In other Spirit AeroSystems news, Director Charles L. Chadwell sold 11,500 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $87.33, for a total transaction of $1,004,295.00. Following the sale, the director now owns 13,821 shares in the company, valued at $1,206,987.93. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction on Tuesday, September 4th. The stock was 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. In the last 90 days, insiders have sold 15,500 shares of company stock worth $1,346,230. Company insiders own 0.87% of the company’s stock.

NYSE:SPR opened at $88.85 on Friday. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 1.29 and a beta of 1.25. Spirit AeroSystems Holdings, Inc. has a 1 year low of $77.54 and a 1 year high of $105.20. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 1.67.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Wednesday, October 31st. The aerospace company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion. Spirit AeroSystems had a return on equity of 46.86% and a net margin of 7.92%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 earnings per share. On average, analysts predict that Spirit AeroSystems Holdings, Inc. will post 6.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Monday, December 17th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.54%. Spirit AeroSystems’s dividend payout ratio is currently 8.97%.

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About Spirit AeroSystems

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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