Milestone Group Inc. maintained its position in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 12,900 shares of the aerospace company’s stock at the end of the first quarter. Milestone Group Inc.’s holdings in Spirit AeroSystems Holdings were worth $747,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Stoneridge Investment Partners LLC purchased a new position in Spirit AeroSystems Holdings during the third quarter valued at about $646,000. Capital Fund Management S.A. increased its position in Spirit AeroSystems Holdings by 13.2% in the third quarter. Capital Fund Management S.A. now owns 130,424 shares of the aerospace company’s stock valued at $5,809,000 after buying an additional 15,203 shares in the last quarter. Wells Fargo & Company MN increased its position in Spirit AeroSystems Holdings by 8.0% in the third quarter. Wells Fargo & Company MN now owns 1,382,801 shares of the aerospace company’s stock valued at $61,589,000 after buying an additional 102,584 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its position in Spirit AeroSystems Holdings by 7.9% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 172,100 shares of the aerospace company’s stock valued at $7,665,000 after buying an additional 12,606 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in Spirit AeroSystems Holdings by 126.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,600 shares of the aerospace company’s stock valued at $606,000 after buying an additional 7,600 shares in the last quarter.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) traded up 0.79% on Friday, hitting $53.38. The stock had a trading volume of 644,166 shares. The company’s 50 day moving average is $55.94 and its 200-day moving average is $57.56. Spirit AeroSystems Holdings, Inc. has a 1-year low of $41.27 and a 1-year high of $62.90. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 15.05 and a beta of 1.33.
Spirit AeroSystems Holdings (NYSE:SPR) last issued its quarterly earnings results on Wednesday, May 3rd. The aerospace company reported $1.17 EPS for the quarter, hitting analysts’ consensus estimates of $1.17. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. Spirit AeroSystems Holdings had a net margin of 6.91% and a return on equity of 29.36%. Spirit AeroSystems Holdings’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 earnings per share. On average, analysts forecast that Spirit AeroSystems Holdings, Inc. will post $4.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Monday, June 19th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, June 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. Spirit AeroSystems Holdings’s dividend payout ratio (DPR) is presently 10.84%.
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Several research firms have issued reports on SPR. SunTrust Banks, Inc. began coverage on Spirit AeroSystems Holdings in a report on Thursday, January 19th. They set a “hold” rating and a $61.00 price objective on the stock. Robert W. Baird reaffirmed an “outperform” rating and set a $64.00 price objective on shares of Spirit AeroSystems Holdings in a report on Friday, January 20th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $74.00 price objective on shares of Spirit AeroSystems Holdings in a report on Friday, May 5th. Standpoint Research downgraded Spirit AeroSystems Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Finally, Barclays PLC upped their price objective on Spirit AeroSystems Holdings from $62.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, March 20th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Spirit AeroSystems Holdings has a consensus rating of “Hold” and an average target price of $60.79.
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.
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