KBC Group NV Raises Position in Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

KBC Group NV increased its position in shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) by 23.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,055 shares of the aerospace company’s stock after purchasing an additional 1,322 shares during the period. KBC Group NV’s holdings in Spirit Aerosystems were worth $243,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SPR. SBI Securities Co. Ltd. acquired a new position in Spirit Aerosystems during the 4th quarter worth approximately $32,000. Headlands Technologies LLC purchased a new stake in shares of Spirit Aerosystems in the fourth quarter valued at approximately $67,000. Vestcor Inc purchased a new stake in shares of Spirit Aerosystems in the fourth quarter valued at approximately $97,000. Byrne Asset Management LLC grew its holdings in Spirit Aerosystems by 128.2% during the first quarter. Byrne Asset Management LLC now owns 4,679 shares of the aerospace company’s stock worth $161,000 after acquiring an additional 2,629 shares during the period. Finally, Sterling Capital Management LLC raised its position in Spirit Aerosystems by 52.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,317 shares of the aerospace company’s stock worth $215,000 after acquiring an additional 2,186 shares in the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit Aerosystems Stock Performance

Shares of SPR stock opened at $37.01 on Friday. The stock has a fifty day moving average price of $37.20 and a 200 day moving average price of $34.98. The stock has a market cap of $4.34 billion, a PE ratio of -2.03, a P/E/G ratio of 2.38 and a beta of 1.61. Spirit Aerosystems Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $39.02.

Spirit Aerosystems (NYSE:SPR) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business earned ($3.93) earnings per share. The firm’s revenue was down 10.6% on a year-over-year basis. As a group, equities research analysts predict that Spirit Aerosystems Holdings, Inc. will post -11.88 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on shares of Spirit Aerosystems in a research report on Saturday, March 8th. They set a “hold” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Spirit Aerosystems currently has an average rating of “Hold” and a consensus price target of $36.79.

Spirit Aerosystems Company 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.