In yesterday’s Wall Street session, Spirit AeroSystems Holdings Inc. (NYSE:SPR) shares traded at $25.54, down -1.84% from the previous session.
16 analysts cover Spirit AeroSystems Holdings Inc. (NYSE:SPR), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $27.00, we find $40.00. Given the previous closing price of $26.02, this indicates a potential upside of 53.73 percent. SPR stock price is now -13.57% away from the 50-day moving average and -13.25% away from the 200-day moving average. The market capitalization of the company currently stands at $2.65B.
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The stock has received a hold rating from 7 analysts and a buy rating from 7. Brokers who have rated the stock have averaged $37.79 as their price target over the next twelve months.
In other news, Ward Damon Christopher, VP, Corporate Controller sold 685 shares of the company’s stock on Feb 27. The stock was sold for $23,598 at an average price of $34.45. Upon completion of the transaction, the VP, Corporate Controller now directly owns 10,182 shares in the company, valued at $0.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, Director JOHNSON ROBERT D sold 500 shares of the business’s stock. A total of $13,145 was realized by selling the stock at an average price of $26.29. This leaves the insider owning 17,641 shares of the company worth $0.45 million. Insiders disposed of 84,021 shares of company stock worth roughly $2.15 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SPR stock. A new stake in Spirit AeroSystems Holdings Inc. shares was purchased by MAPLE ROCK CAPITAL PARTNERS INC. during the first quarter worth $61,832,000. WOLF HILL CAPITAL MANAGEMENT, LP invested $58,195,000 in shares of SPR during the first quarter. In the first quarter, NEWBROOK CAPITAL ADVISORS LP acquired a new stake in Spirit AeroSystems Holdings Inc. valued at approximately $28,986,000. FIRST TRUST ADVISORS LP acquired a new stake in SPR for approximately $13,730,000. MOUNTAINEER PARTNERS MANAGEMENT, LLC purchased a new stake in SPR valued at around $7,597,000 in the second quarter. In total, there are 391 active investors with 89.70% ownership of the company’s stock.
On Thursday morning Spirit AeroSystems Holdings Inc. (NYSE: SPR) stock kicked off with the opening price of $26.10. During the past 12 months, Spirit AeroSystems Holdings Inc. has had a low of $21.14 and a high of $38.55. The fifty day moving average price for SPR is $29.46 and a two-hundred day moving average price translates $29.42 for the stock.
The latest earnings results from Spirit AeroSystems Holdings Inc. (NYSE: SPR) was released for Mar, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$1.69, missing analysts’ expectations of -$0.3 by -1.39. This compares to -$0.51 EPS in the same period last year. The net profit margin was -14.60% and return on equity was 599.60% for SPR. The company reported revenue of $1.43 billion for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.85 percent. For the current quarter, analysts expect SPR to generate $1.34B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/04/2021. Investors who held shares on 12/14/2020 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 0.16% percent yield. There was an ex-dividend date of 12/11/2020 for this dividend.
Spirit AeroSystems Holdings Inc.(SPR) 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, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and fully functional and tested wing systems. This segment primarily serves commercial and business/regional jet programs. The Defense & Space segment engages in the fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training on fuselage, strut, nacelle, and wing aerostructures; provision of missiles and hypersonics solutions, such as solid rocket motor throats, nozzles, re-entry vehicle thermal protections systems; forward cockpit and cabin, and fuselage work on rotorcraft aerostructures; and classified programs. This segment primarily serves U.S. Government defense programs. The Aftermarket segment provides maintenance, repair, and overhaul (MRO) services; fuselage, strut, nacelle, and wing aerostructures spare parts; repair services for radome, flight control surfaces, and nacelles; rotable assets trading and leasing; and engineering services. This segment primarily serves both Commercial and defense and space programs. The company was formerly known as Mid-Western Aircraft Systems Holdings, Inc. Spirit AeroSystems Holdings, Inc. was founded in 1927 and is headquartered in Wichita, Kansas.
