Does Spirit Aerosystems Holdings Inc (SPR) offer a good opportunity for investors?

Spirit Aerosystems Holdings Inc (NYSE: SPR) stock jumped 4.36% on Monday to $25.83 against a previous-day closing price of $24.75. With 3.33 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.68 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $25.95 whereas the lowest price it dropped to was $24.80. The 52-week range on SPR shows that it touched its highest point at $38.55 and its lowest point at $14.65 during that stretch. It currently has a 1-year price target of $28.88. Beta for the stock currently stands at 1.69.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPR was up-trending over the past week, with a rise of 4.49%, but this was up by 20.53% over a month. Three-month performance surged to 12.35% while six-month performance fell -2.82%. The stock gained 2.34% in the past year, while it has lost -12.74% so far this year. A look at the trailing 12-month EPS for SPR yields -8.90 with Next year EPS estimates of 0.52. For the next quarter, that number is -0.44. This implies an EPS growth rate of -25.71% for this year and 114.65% for next year.

Float and Shares Shorts:

At present, 114.66 million SPR shares are outstanding with a float of 113.74 million shares on hand for trading. On Oct 30, 2023, short shares totaled 10.84 million, which was 10.27% higher than short shares on Sep 28, 2023. In addition to Hon. Patrick M. Shanahan as the firm’s President, CEO & Director, Mr. Mark J. Suchinski serves as its Senior VP & CFO.

Institutional Ownership:

Through their ownership of 91.07% of SPR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.65% of SPR, in contrast to 39.19% held by mutual funds. Shares owned by individuals account for 3.35%. As the largest shareholder in SPR with 10.27% of the stake, T. Rowe Price Associates, Inc. holds 10,811,406 shares worth 10,811,406. A second-largest stockholder of SPR, The Vanguard Group, Inc., holds 9,831,461 shares, controlling over 9.34% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in SPR, holding 5,508,270 shares or 5.23% stake. With a 6.07% stake in SPR, the T Rowe Price Mid Cap Value Fund is the largest stakeholder. A total of 6,390,416 shares are owned by the mutual fund manager. The SPDR S&P Aerospace & Defense ETF, which owns about 3.41% of SPR stock, is the second-largest Mutual Fund holder. It holds 3,589,194 shares valued at 81.12 million. Vanguard Total Stock Market ETF holds 3.13% of the stake in SPR, owning 3,294,673 shares worth 74.46 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SPR analysts setting a high price target of $36.00 and a low target of $21.00, the average target price over the next 12 months is $28.88. Based on these targets, SPR could surge 39.37% to reach the target high and fall by -18.7% to reach the target low. Reaching the average price target will result in a growth of 11.81% from current levels.

Summary of Insider Activity:

Insiders traded SPR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 36 while that of sell transactions has risen to 50 over the past year. The total number of shares bought during that period was 168,211 while 82,522 shares were sold.