Parametric Portfolio Associates LLC Has $23.52 Million Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

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Parametric Portfolio Associates LLC lowered its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 22.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 289,093 shares of the aerospace company’s stock after selling 85,873 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.28% of Spirit AeroSystems worth $23,523,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Spirit AeroSystems by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 846,217 shares of the aerospace company’s stock worth $61,000,000 after purchasing an additional 37,859 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Spirit AeroSystems by 16.6% during the fourth quarter. Geode Capital Management LLC now owns 1,113,218 shares of the aerospace company’s stock valued at $80,201,000 after purchasing an additional 158,183 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Spirit AeroSystems by 104.1% during the first quarter. SG Americas Securities LLC now owns 3,273 shares of the aerospace company’s stock valued at $300,000 after acquiring an additional 1,669 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Spirit AeroSystems by 33.1% during the first quarter. Toronto Dominion Bank now owns 19,085 shares of the aerospace company’s stock valued at $1,746,000 after acquiring an additional 4,744 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Spirit AeroSystems by 21.4% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,068 shares of the aerospace company’s stock valued at $646,000 after acquiring an additional 1,248 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.58, for a total value of $39,790.00. The sale was disclosed in a filing with the SEC, which is available through this link. 0.84% of the stock is owned by corporate insiders.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Morgan Stanley reduced their price target on shares of Spirit AeroSystems from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, August 14th. Barclays reissued a “buy” rating and set a $95.00 price target on shares of Spirit AeroSystems in a research report on Sunday, August 4th. Cowen reissued a “hold” rating and set a $90.00 price target on shares of Spirit AeroSystems in a research report on Monday, July 8th. Finally, Credit Suisse Group downgraded shares of Spirit AeroSystems from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $101.00 to $83.00 in a research report on Monday, July 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $94.43.

NYSE:SPR traded up $0.56 during trading hours on Thursday, reaching $86.07. The company had a trading volume of 284,210 shares, compared to its average volume of 930,423. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 1.47. Spirit AeroSystems Holdings, Inc. has a 52 week low of $64.48 and a 52 week high of $100.34. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.61 and a beta of 1.18. The firm’s 50 day moving average price is $78.03 and its 200-day moving average price is $83.03.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Wednesday, July 31st. The aerospace company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. Spirit AeroSystems had a net margin of 8.88% and a return on equity of 56.85%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. On average, analysts forecast that Spirit AeroSystems Holdings, Inc. will post 6.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. Spirit AeroSystems’s dividend payout ratio is currently 7.67%.

About Spirit AeroSystems

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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