The price of Spirit AeroSystems Holdings Inc. (NYSE:SPR) shares last traded on Wall Street rose 2.94% to $20.65.
Based on available information, 16 analysts follow Spirit AeroSystems Holdings Inc. (NYSE:SPR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $18.00, we find $27.00. Given the previous closing price of $20.06, this indicates a potential upside of 34.6 percent. SPR stock price is now -23.69% away from the 50-day moving average and -30.06% away from the 200-day moving average. The market capitalization of the company currently stands at $2.11B.
Among analysts, 9 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $27.79 as their price target over the next twelve months.
With the price target reduced from $42 to $25, Truist Downgraded its rating from Buy to Hold for Spirit AeroSystems Holdings Inc. (NYSE: SPR).
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 $0.21 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 $0.36 million. Insiders disposed of 83,512 shares of company stock worth roughly $1.72 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 OWL CREEK ASSET MANAGEMENT, L.P. during the first quarter worth $35,024,000. CANNELL & CO. invested $12,565,000 in shares of SPR during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in Spirit AeroSystems Holdings Inc. valued at approximately $9,722,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in SPR for approximately $4,801,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in SPR valued at around $4,209,000 in the second quarter. In total, there are 375 active investors with 89.70% ownership of the company’s stock.
During the past 12 months, Spirit AeroSystems Holdings Inc. has had a low of $18.80 and a high of $38.55. The fifty day moving average price for SPR is $26.85 and a two-hundred day moving average price translates $29.49 for the stock.
The latest earnings results from Spirit AeroSystems Holdings Inc. (NYSE: SPR) was released for Jun, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$1.46, missing analysts’ expectations of -$0.86 by -0.6. This compares to -$1.17 EPS in the same period last year. The net profit margin was -15.90% and return on equity was 249.80% for SPR. The company reported revenue of $1.36 billion for the quarter, compared to $1.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.49 percent. For the current quarter, analysts expect SPR to generate $1.58B 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.
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.
