In yesterday’s Wall Street session, Spirit Aerosystems Holdings Inc (NYSE:SPR) shares traded at $15.16, up 2.16% from the previous session.
As of this writing, 16 analysts cover 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 $34.00 and a low of $17.70, we find $26.00. Given the previous closing price of $14.84, this indicates a potential upside of 75.2 percent. SPR stock price is now -34.10% away from the 50-day moving average and -47.36% away from the 200-day moving average. The market capitalization of the company currently stands at $1.60B.
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There are 9 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $26.19 as their price target over the next twelve months.
With the price target maintained at $23, Melius recently Downgraded its rating from Overweight to Neutral 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 $0.15 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 $0.27 million. Insiders disposed of 83,012 shares of company stock worth roughly $1.26 million over the past 1 year. A total of 0.82% 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 $25,713,000. CANNELL & CO. invested $9,224,000 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 $7,138,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in SPR for approximately $3,524,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in SPR valued at around $3,090,000 in the second quarter. In total, there are 375 active investors with 91.29% ownership of the company’s stock.
Friday morning saw Spirit Aerosystems Holdings Inc (NYSE: SPR) opened at $14.92. 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 $23.01 and a two-hundred day moving average price translates $28.80 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 -15.91% and return on equity was -543.53% 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 $1.56B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/03/2022. Investors who held shares on 09/12/2022 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.
