KBC Group NV Boosts Stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

KBC Group NV grew its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 20.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,607 shares of the aerospace company’s stock after acquiring an additional 771 shares during the quarter. KBC Group NV’s holdings in Spirit AeroSystems were worth $150,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Spirit AeroSystems by 1.0% in the first quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after acquiring an additional 109,632 shares in the last quarter. Pentwater Capital Management LP boosted its position in shares of Spirit AeroSystems by 18,132.0% in the 2nd quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock worth $296,356,000 after purchasing an additional 9,066,000 shares in the last quarter. Steadfast Capital Management LP grew its stake in Spirit AeroSystems by 1,274.6% during the 1st quarter. Steadfast Capital Management LP now owns 4,714,874 shares of the aerospace company’s stock worth $170,066,000 after buying an additional 4,371,874 shares during the last quarter. Maple Rock Capital Partners Inc. increased its position in Spirit AeroSystems by 7.2% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 4,423,000 shares of the aerospace company’s stock valued at $159,538,000 after buying an additional 296,000 shares in the last quarter. Finally, Earnest Partners LLC raised its stake in Spirit AeroSystems by 2.6% in the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock valued at $134,644,000 after buying an additional 105,350 shares during the last quarter. 93.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SPR shares. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Saturday, November 16th. They set a “sell” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus price target of $35.67.

Spirit AeroSystems Price Performance

Shares of Spirit AeroSystems stock opened at $31.51 on Friday. The stock has a market cap of $3.68 billion, a PE ratio of -2.54 and a beta of 1.84. The firm has a fifty day moving average price of $32.14 and a 200 day moving average price of $32.74. Spirit AeroSystems Holdings, Inc. has a 1 year low of $25.16 and a 1 year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.83 billion. As a group, equities analysts expect that Spirit AeroSystems Holdings, Inc. will post -12.76 EPS for the current year.

Spirit AeroSystems Profile

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.