Mn Services Vermogensbeheer B.V. Has $5.67 Million Position in Spirit AeroSystems Holdings, Inc. (SPR)
Mn Services Vermogensbeheer B.V. boosted its holdings in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,917 shares of the aerospace company’s stock after buying an additional 600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Spirit AeroSystems were worth $5,667,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Spirit AeroSystems by 66.7% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 200 shares during the period. Doyle Wealth Management bought a new stake in shares of Spirit AeroSystems during the fourth quarter worth $40,000. Truvestments Capital LLC bought a new stake in shares of Spirit AeroSystems during the first quarter worth $42,000. Bessemer Group Inc. increased its position in shares of Spirit AeroSystems by 96.7% during the fourth quarter. Bessemer Group Inc. now owns 836 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 411 shares in the last quarter. Finally, Smithfield Trust Co. increased its position in shares of Spirit AeroSystems by 538.5% during the first quarter. Smithfield Trust Co. now owns 830 shares of the aerospace company’s stock worth $76,000 after acquiring an additional 700 shares in the last quarter. Institutional investors own 95.85% of the company’s stock.
Several equities research analysts have recently issued reports on SPR shares. Zacks Investment Research downgraded shares of Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Sanford C. Bernstein reissued an “outperform” rating and set a $112.00 price objective (up previously from $102.00) on shares of Spirit AeroSystems in a research report on Friday, February 8th. Cowen reissued a “hold” rating and set a $93.00 price objective on shares of Spirit AeroSystems in a research report on Wednesday, May 1st. Seaport Global Securities downgraded shares of Spirit AeroSystems from a “buy” rating to a “neutral” rating and set a $98.64 price objective for the company. in a research report on Tuesday, March 5th. Finally, ValuEngine raised shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $101.47.
Spirit AeroSystems stock opened at $83.10 on Friday. The firm has a market capitalization of $8.52 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38. Spirit AeroSystems Holdings, Inc. has a 1-year low of $64.48 and a 1-year high of $100.34. The company has a quick ratio of 1.39, a current ratio of 1.95 and a debt-to-equity ratio of 1.71.
Spirit AeroSystems (NYSE:SPR) last released its earnings results on Wednesday, May 1st. The aerospace company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.01. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. Spirit AeroSystems had a net margin of 8.78% and a return on equity of 63.36%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. On average, research analysts anticipate that Spirit AeroSystems Holdings, Inc. will post 7.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Monday, June 17th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, June 14th. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 7.67%.
Spirit AeroSystems Profile
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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