Spirit Aerosystems Holdings Inc (SPR) Is Down -8.37% in 2024 With Lots of Room to Run

Spirit Aerosystems Holdings Inc (NYSE: SPR) is -8.37% lower on its value in year-to-date trading and has touched a low of $14.65 and a high of $37.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPR stock was last observed hovering at around $28.27 in the last trading session, with the day’s gains setting it 0.85%.

Currently trading at $29.12, the stock is 6.72% and 1.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing 3.01% at the moment leaves the stock 15.38% off its SMA200. SPR registered -20.57% loss for a year compared to 6-month gain of 24.87%. The firm has a 50-day simple moving average (SMA 50) of $1.11 and a 200-day simple moving average (SMA200) of $277.07.

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The stock witnessed a -0.78% loss in the last 1 month and extending the period to 3 months gives it a 26.28%, and is 3.85% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.97% over the week and 5.23% over the month.

Spirit Aerosystems Holdings Inc (SPR) has around Sep 09 2022 employees, a market worth around $3.38B and $6.05B in sales. Fwd P/E is 14.29. Profit margin for the company is -10.46%. Distance from 52-week low is 98.77% and -23.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.65%).

Spirit Aerosystems Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.3 with sales reaching $1.72B over the same period.The EPS is expected to grow by 104.44% this year, but quarterly earnings will post 23.80% year-over-year. Quarterly sales are estimated to grow 13.30% in year-over-year returns.

Spirit Aerosystems Holdings Inc (SPR) Top Institutional Holders

341 institutions hold shares in Spirit Aerosystems Holdings Inc (SPR), with institutional investors hold 79.66% of the company’s shares. The shares outstanding are 116.05M, and float is at 115.18M with Short Float at 10.68%. Institutions hold 79.09% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 9.92 million shares valued at $289.47 million. The investor’s holdings represent 9.42% of the SPR Shares outstanding. As of Jun 29, 2023, the second largest holder is Price (T.Rowe) Associates Inc with 9.59 million shares valued at $279.95 million to account for 9.11% of the shares outstanding. The other top investors are FMR, LLC which holds 6.75 million shares representing 6.41% and valued at over $197.11 million, while Blackrock Inc. holds 5.72% of the shares totaling 6.02 million with a market value of $175.82 million.

Spirit Aerosystems Holdings Inc (SPR) Insider Activity

A total of 0 insider transactions have happened at Spirit Aerosystems Holdings Inc (SPR) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Ward Damon Christopher ,the company’sVP, Corporate Controller. SEC filings show that Ward Damon Christopher sold 685 shares of the company’s common stock on Feb 27 at a price of $34.45 per share for a total of $23598.0. Following the sale, the insider now owns 10182.0 shares.

Spirit Aerosystems Holdings Inc (SPR): Who are the competitors?

The company’s main competitors (and peers) include RTX Corp. (RTX) that is trading -9.99% down over the past 12 months. AAR Corp. (AIR) that is 21.15% higher over the same period.