An overview of Spirit Aerosystems Holdings Inc’s (SPR) institutional holdings

The price of Spirit Aerosystems Holdings Inc (NYSE:SPR) shares last traded on Wall Street rose 3.82% to $23.94.

Based on available information, 17 analysts follow Spirit Aerosystems Holdings Inc (NYSE:SPR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $22.00, we find $29.00. Given the previous closing price of $23.06, this indicates a potential upside of 25.76 percent. SPR stock price is now 25.80% away from the 50-day moving average and -11.16% away from the 200-day moving average. The market capitalization of the company currently stands at $2.53B.

Among analysts, 8 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $29.38 as their price target over the next twelve months.

With the price target maintained at $34, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform 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 $0.24 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 $0.42 million. Insiders disposed of 82,954 shares of company stock worth roughly $1.99 million over the past 1 year. A total of 0.81% of the company’s stock is owned by insiders.

A candlestick chart of Spirit Aerosystems Holdings Inc (NYSE: SPR) showed a price of $24.32 on Thursday morning. During the past 12 months, Spirit Aerosystems Holdings Inc has had a low of $14.65 and a high of $38.55. The fifty day moving average price for SPR is $19.03 and a two-hundred day moving average price translates $26.95 for the stock.

The latest earnings results from Spirit Aerosystems Holdings Inc (NYSE: SPR) was released for Sep, 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 -$1.22 EPS in the same period last year. The net profit margin was -16.83% and return on equity was -543.53% for SPR. The company reported revenue of $1.44 billion for the quarter, compared to $1.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.69 percent. For the current quarter, analysts expect SPR to generate $1.49B in revenue.

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.

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