T. Rowe Price Associates, Inc. has recently announced that it has increased stake in Spirit Aerosystems Holdings Inc (NYSE:SPR) by 16.29%. After grabbing 10.81 million shares, the institutional investor is now in possession of 1.51 million shares of the Industrials Company. The new investment brought the stake of investor firm to 9.34% having worth around $343.59 million. Moreover, The Vanguard Group, Inc. increased its share by 50838.0 to have a control over 9.83 million shares. And Hill City Capital LP raised its holdings to 0.12 million shares by acquiring 5.3 million shares or 4.58% of the stake.
Spirit Aerosystems Holdings Inc (SPR) concluded trading on Wednesday at a closing price of $28.57, with 8.61 million shares of worth about $246.0 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.22% during that period and On Wednesday, January 24 the price saw a gain of about 7.00%. Currently the company’s common shares owned by public are about 116.03M shares, out of which, 115.16M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 84 times over the past 12 months. They bought 168,211 shares in 36 of the transactions. In 48 selling transactions, insiders dumped 81,836 shares.
T Rowe Price Mid Cap Value Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Spirit Aerosystems Holdings Inc T Rowe Price Mid Cap Value Fund is currently holding 5.7 million shares of worth totaling $181.19 million. The company recently came selling -0.69 million shares which brought its stake up to 4.93% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 3445.0 shares, after which its hold over company’s outstanding shares expand to 3.11%, leaving 3.6 million shares with the mutual fund that have a worth of about $114.34 million. Vanguard Small Cap Index Fund, after selling 2.92 million shares, have now control over 2.52% of the stake in the company. It holds 49432.0 shares of worth $92.8 million.
However, the stock later moved at a day high price of 29.14, or with a gain of 7.00%. Stock saw a price change of 5.89% in past 5 days and over the past one month there was a price change of -10.94%. Year-to-date (YTD), SPR shares are showing a performance of -10.10% which decreased to -12.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.65 but also hit the highest price of $38.55 during that period. The average intraday trading volume for Spirit Aerosystems Holdings Inc shares is 3.99 million. The stock is currently trading -2.63% below its 20-day simple moving average (SMA20), while that difference is up 1.68% for SMA50 and it goes to 11.93% higher than SMA200.
T. Rowe Price Associates, Inc. acquired 10.81 million shares of Spirit Aerosystems Holdings Inc having value of about $343.59 million. Data submitted at the U.S SEC by T. Rowe Price Associates, Inc. revealed that the firm now holds 1.51 million shares in the company valued at close to $43269607.84, or have control over 16.29% stake in the company. Spirit Aerosystems Holdings Inc (NYSE: SPR) currently have 116.03M outstanding shares and institutions hold larger chunk of about 78.14% of that. Holding of mutual funds in the company is about 39.02% while other institutional holders and individual stake holders have control over 39.50% and 3.05% of the stake respectively.
The stock has a current market capitalization of $3.31B and its 3Y-monthly beta is at 1.76. It has posted earnings per share of -$8.90 in the same period. It has Quick Ratio of 0.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SPR, volatility over the week remained 5.34% while standing at 4.81% over the month.
Analysts are in expectations that Spirit Aerosystems Holdings Inc (SPR) stock would likely to be making an EPS of $0.87 in the current quarter, while forecast for next quarter EPS is -$0.19 and it is $0.18 for next year. For the current quarter EPS, analysts have given the company a lowest target -$2.2 which is $3.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -15.24% while it is estimated to increase by 112.59% in next year.
