Spirit Aerosystems Holdings, Inc. (SPR) Holdings Raised by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 48.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,949 shares of the aerospace company’s stock after acquiring an additional 15,030 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Spirit Aerosystems Holdings were worth $2,632,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Clearbridge Investments LLC raised its holdings in Spirit Aerosystems Holdings by 0.4% during the first quarter. Clearbridge Investments LLC now owns 8,863 shares of the aerospace company’s stock valued at $513,000 after acquiring an additional 36 shares during the period. Homrich & Berg raised its holdings in Spirit Aerosystems Holdings by 0.5% during the second quarter. Homrich & Berg now owns 7,325 shares of the aerospace company’s stock valued at $424,000 after acquiring an additional 38 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in Spirit Aerosystems Holdings by 0.7% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,700 shares of the aerospace company’s stock valued at $794,000 after acquiring an additional 100 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Spirit Aerosystems Holdings by 9.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock valued at $106,000 after acquiring an additional 160 shares during the period. Finally, Allen Investment Management LLC raised its holdings in Spirit Aerosystems Holdings by 2.6% during the first quarter. Allen Investment Management LLC now owns 7,280 shares of the aerospace company’s stock valued at $422,000 after acquiring an additional 183 shares during the period. 98.66% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Charles L. Chadwell sold 6,600 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the completion of the transaction, the director now owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John A. Pilla sold 10,088 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total transaction of $752,564.80. Following the transaction, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Spirit Aerosystems Holdings, Inc. (SPR) Holdings Raised by Migdal Insurance & Financial Holdings Ltd.” was first published by BBNS and is the property of of BBNS. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://baseballnewssource.com/markets/spirit-aerosystems-holdings-inc-spr-holdings-raised-by-migdal-insurance-financial-holdings-ltd/1702105.html.

Shares of Spirit Aerosystems Holdings, Inc. (NYSE SPR) traded up 0.998% during midday trading on Monday, reaching $79.405. The company’s stock had a trading volume of 316,919 shares. Spirit Aerosystems Holdings, Inc. has a 52 week low of $45.04 and a 52 week high of $79.82. The stock has a market capitalization of $9.40 billion, a PE ratio of 28.512 and a beta of 1.36. The company has a 50 day moving average price of $75.51 and a 200-day moving average price of $62.89.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.37. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.21 EPS. On average, equities research analysts expect that Spirit Aerosystems Holdings, Inc. will post $5.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Monday, September 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. Spirit Aerosystems Holdings’s payout ratio is currently 14.60%.

Spirit Aerosystems Holdings declared that its board has authorized a share buyback program on Wednesday, August 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the aerospace company to buy up to 4.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

A number of equities research analysts have commented on the company. Citigroup Inc. raised their price target on Spirit Aerosystems Holdings from $85.00 to $91.00 and gave the company a “buy” rating in a report on Monday. ValuEngine cut Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research cut Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $86.00 target price (up from $80.00) on shares of Spirit Aerosystems Holdings in a report on Thursday, September 28th. Finally, Jefferies Group LLC lifted their target price on Spirit Aerosystems Holdings from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $75.61.

About Spirit Aerosystems Holdings

Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.

Want to see what other hedge funds are holding SPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit Aerosystems Holdings, Inc. (NYSE:SPR).

Institutional Ownership by Quarter for Spirit Aerosystems Holdings (NYSE:SPR)

Receive News & Ratings for Spirit Aerosystems Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Aerosystems Holdings Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Red Sox Beat Houston Sunday to Avoid Elimination
Red Sox Beat Houston Sunday to Avoid Elimination


Leave a Reply

 
© 2006-2017 BBNS.