Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Short Interest Up 12.2% in July
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 3,011,800 shares, a growth of 12.2% from the June 15th total of 2,683,200 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average trading volume of 923,100 shares, the short-interest ratio is currently 3.3 days.
A number of equities analysts have issued reports on SPR shares. Cowen restated a “buy” rating and set a $28.00 price target on shares of Intra-Cellular Therapies in a report on Monday, July 8th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Monday, July 8th. Jefferies Financial Group restated a “buy” rating on shares of Extended Stay America in a report on Tuesday, July 2nd. Canaccord Genuity set a $220.00 price target on SAGE Therapeutics and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $95.22.
Shares of NYSE:SPR traded down $1.26 during trading on Friday, reaching $75.48. 1,075,962 shares of the stock were exchanged, compared to its average volume of 1,238,703. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.39 and a current ratio of 1.95. Spirit AeroSystems has a 1-year low of $64.48 and a 1-year high of $100.34. The stock has a fifty day moving average price of $79.22. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 16th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Friday, September 13th. Spirit AeroSystems’s payout ratio is 7.67%.
In related news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $79.95, for a total value of $39,975.00. Following the sale, the director now directly owns 2,925 shares in the company, valued at $233,853.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.84% of the company’s stock.
Several large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new position in Spirit AeroSystems in the 2nd quarter worth about $40,000. Artemis Investment Management LLP boosted its stake in Spirit AeroSystems by 7.4% in the 2nd quarter. Artemis Investment Management LLP now owns 694,274 shares of the aerospace company’s stock worth $55,531,000 after purchasing an additional 47,867 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in Spirit AeroSystems by 33.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 440,000 shares of the aerospace company’s stock worth $35,803,000 after purchasing an additional 110,000 shares during the period. Bessemer Group Inc. boosted its stake in Spirit AeroSystems by 36.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,140 shares of the aerospace company’s stock worth $93,000 after purchasing an additional 304 shares during the period. Finally, Polianta Ltd bought a new position in Spirit AeroSystems in the 2nd quarter worth about $1,122,000. 96.48% of the stock is currently owned by institutional investors.
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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