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Spirit AeroSystems (SPR) Stock Price, News & Analysis

Spirit AeroSystems logo
$31.92 +0.09 (+0.28%)
(As of 11/20/2024 ET)

About Spirit AeroSystems Stock (NYSE:SPR)

Key Stats

Today's Range
$31.72
$32.15
50-Day Range
$30.22
$33.70
52-Week Range
$25.16
$37.08
Volume
2.87 million shs
Average Volume
3.02 million shs
Market Capitalization
$3.73 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$35.67
Consensus Rating
Hold

Company Overview

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, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and 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 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.

Spirit AeroSystems Stock Analysis - MarketRank™

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39th Percentile Overall Score

SPR MarketRank™: 

Spirit AeroSystems scored higher than 39% of companies evaluated by MarketBeat, and ranked 39th out of 52 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Spirit AeroSystems has received a consensus rating of Hold. The company's average rating score is 2.06, and is based on 1 buy rating, 16 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Spirit AeroSystems has received no research coverage in the past 90 days.

  • Read more about Spirit AeroSystems' stock forecast and price target.
  • Earnings Growth

    Earnings for Spirit AeroSystems are expected to grow in the coming year, from ($12.76) to $0.92 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Spirit AeroSystems is -2.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Spirit AeroSystems is -2.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Read more about Spirit AeroSystems' valuation and earnings.
  • Percentage of Shares Shorted

    9.15% of the outstanding shares of Spirit AeroSystems have been sold short.
  • Short Interest Ratio / Days to Cover

    Spirit AeroSystems has a short interest ratio ("days to cover") of 6.9.
  • Change versus previous month

    Short interest in Spirit AeroSystems has recently increased by 14.44%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Spirit AeroSystems does not currently pay a dividend.

  • Dividend Growth

    Spirit AeroSystems does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, Spirit AeroSystems will have a dividend payout ratio of 4.35% next year. This indicates that Spirit AeroSystems will be able to sustain or increase its dividend.

  • Read more about Spirit AeroSystems' dividend.
  • Percentage of Shares Shorted

    9.15% of the outstanding shares of Spirit AeroSystems have been sold short.
  • Short Interest Ratio / Days to Cover

    Spirit AeroSystems has a short interest ratio ("days to cover") of 6.9.
  • Change versus previous month

    Short interest in Spirit AeroSystems has recently increased by 14.44%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Spirit AeroSystems has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Spirit AeroSystems this week, compared to 8 articles on an average week.
  • MarketBeat Follows

    Only 3 people have added Spirit AeroSystems to their MarketBeat watchlist in the last 30 days. This is a decrease of -70% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Spirit AeroSystems insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.90% of the stock of Spirit AeroSystems is held by insiders.

  • Percentage Held by Institutions

    93.59% of the stock of Spirit AeroSystems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Spirit AeroSystems' insider trading history.
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SPR Stock News Headlines

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Spirit AeroSystems to sell Fiber Materials business for $165M in cash
StockNews.com Initiates Coverage on Spirit AeroSystems (NYSE:SPR)
See More Headlines

SPR Stock Analysis - Frequently Asked Questions

Spirit AeroSystems' stock was trading at $31.78 at the beginning of the year. Since then, SPR stock has increased by 0.5% and is now trading at $31.9250.
View the best growth stocks for 2024 here
.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) posted its quarterly earnings results on Wednesday, October, 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by $2.87. The aerospace company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.83 billion.

Spirit AeroSystems subsidiaries include these companies: Fiber Materials Inc, Fiber Materials Inc., Huarui Spirit Aerospace Manufacturing Co. Ltd., Intermat, Short Brothers CIF (Common Investment Fund) Trustee Limited , Short Brothers Limited Pension Trustee Limited , Short Brothers plc , and others.

Spirit AeroSystems' top institutional shareholders include FMR LLC (12.66%), Hill City Capital LP (5.13%), State Street Corp (4.47%) and National Bank of Canada FI (2.15%). Insiders that own company stock include Robert D Johnson and Damon Christopher Ward.
View institutional ownership trends
.

Shares of SPR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Spirit AeroSystems investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
10/23/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/04/2025

Industry, Sector and Symbol

Sector
Aerospace
Industry
Aircraft parts & equipment, not elsewhere classified
Sub-Industry
Aerospace & Defense
CUSIP
84857410
Employees
20,655
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$35.67
High Stock Price Target
$37.25
Low Stock Price Target
$31.00
Potential Upside/Downside
+11.7%
Consensus Rating
Hold
Rating Score (0-4)
2.06
Research Coverage
17 Analysts

Profitability

Net Income
$-616,100,000.00
Pretax Margin
-21.54%

Debt

Sales & Book Value

Annual Sales
$6.48 billion
Book Value
($4.27) per share

Miscellaneous

Free Float
115,860,000
Market Cap
$3.73 billion
Optionable
Optionable
Beta
1.84

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This page (NYSE:SPR) was last updated on 11/21/2024 by MarketBeat.com Staff
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