ING Groep NV Makes New Investment in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

ING Groep NV bought a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 reporting period.

Several other large investors have also recently bought and sold shares of SPR. Vanguard Group Inc. lifted its position in Spirit AeroSystems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock worth $395,128,000 after buying an additional 109,632 shares in the last quarter. Pentwater Capital Management LP lifted its position in shares of Spirit AeroSystems by 18,132.0% during 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 during the last quarter. Steadfast Capital Management LP increased its holdings in shares of 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 purchasing an additional 4,371,874 shares during the period. Maple Rock Capital Partners Inc. boosted its stake in Spirit AeroSystems by 7.2% during the first quarter. Maple Rock Capital Partners Inc. now owns 4,423,000 shares of the aerospace company’s stock worth $159,538,000 after buying an additional 296,000 shares in the last quarter. Finally, Earnest Partners LLC boosted its stake in Spirit AeroSystems by 2.6% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SPR. StockNews.com began coverage on Spirit AeroSystems in a report on Friday, November 8th. They set a “sell” rating on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.67.

Spirit AeroSystems Stock Performance

SPR opened at $30.22 on Friday. The business has a fifty day simple moving average of $32.34 and a 200 day simple moving average of $32.77. Spirit AeroSystems Holdings, Inc. has a 1 year low of $24.11 and a 1 year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last released 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 firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.83 billion. As a group, sell-side analysts anticipate 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.