ING Groep NV Takes $16.82 Million Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

ING Groep NV purchased a new position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 517,300 shares of the aerospace company's stock, valued at approximately $16,817,000. ING Groep NV owned 0.44% of Spirit AeroSystems at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPR. Byrne Asset Management LLC acquired a new position in shares of Spirit AeroSystems during the 2nd quarter worth about $30,000. Waldron Private Wealth LLC acquired a new stake in shares of Spirit AeroSystems in the third quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC increased its position in Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company's stock worth $44,000 after purchasing an additional 724 shares during the period. Quarry LP boosted its position in shares of Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company's stock worth $75,000 after purchasing an additional 751 shares during the last quarter. Finally, KBC Group NV boosted its stake in Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company's stock worth $150,000 after acquiring an additional 771 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Price Performance

Shares of SPR traded up $0.48 during trading hours on Friday, hitting $30.70. The stock had a trading volume of 1,098,143 shares, compared to its average volume of 3,030,099. Spirit AeroSystems Holdings, Inc. has a 1-year low of $24.11 and a 1-year high of $37.08. The firm has a market capitalization of $3.58 billion, a P/E ratio of -2.47 and a beta of 1.84. The firm has a 50 day simple moving average of $32.30 and a 200-day simple moving average of $32.76.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. Equities analysts predict that Spirit AeroSystems Holdings, Inc. will post -12.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com assumed coverage on Spirit AeroSystems in a research report on Friday, November 8th. They set a "sell" rating for the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $35.67.

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.