Spirit AeroSystems Holdings Inc. (SPR): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Spirit AeroSystems Holdings Inc. (SPR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.75, or -2.94%, to $24.76. Volume reached 49,889 shares, with price reaching a high of $26.09 and a low of $24.76. Recently, Yahoo Finance discussed the stock, revealing that Spirit AeroSystems, Malaysia Airlines Berhad sign Memorandum of Understanding to create MRO services for 737NG.


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Stocks Info

This NYSE-listed company operates within the Aerospace & Defense industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $25.12 and fluctuated between $26.54 as its day high and $25.10 as its day low. The current market capitalization of Spirit AeroSystems Holdings Inc. is $2.72B. A total of 1.96 million shares were traded on the day, compared to an average of 2.04M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SPR has seen 0 BUY and 7 SELL insider trades, representing the acquisition of 0 and the disposition of 1,643 shares. Over the last 12 months, there were 23 BUYs and 61 SELLs from insiders. Insiders purchased 116,447 shares during that period but sold 74,434.

In the most recent transaction, JOHNSON ROBERT D sold 500 shares of SPR for 29.55 per share on Sep 01. After the transaction, the Director now owns 18,141 company shares. In a previous transaction on Jun 01, JOHNSON ROBERT D sold 500 shares at 31.91 per share. SPR shares that Director owns now total 18,641.

Among the insiders who sold shares, JOHNSON ROBERT D disposed of 500 shares on Dec 01 at a per-share price of $38.95. This resulted in the Director holding 16,625 shares of SPR after the transaction. In another insider transaction, JOHNSON ROBERT D sold 500 shares at $49.80 per share on Dec 01. Company shares held by the Director now total 16,125.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. SPR’s most recent ex-dividend date was 12/11/2020 when it declared a $0.01 quarterly dividend that was paid in cash on 01/04/2021. Previously, the company paid the dividend on 10/05/2020 with an ex-dividend date of 09/11/2020. The dividend was $0.01 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SPR in the last 3 months, the mean price target is $45.43 with high estimates of $52.00 and low estimates of $35.00. In terms of 52-week highs and lows, SPR has a high of $53.31 and a low of $24.90.

As of this writing, SPR has an earnings estimate of $-0.38 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $-0.16 per share and a lower estimate of $-1.03. The company reported an EPS of $-1.21 in the last quarter, which was -426.09% lower than expectations of $-0.23.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPR is Underweight with a score of 4.33. A total of 10 analysts rated the stock as Buy while 3 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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