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Spirit Aerosystems Holdings Inc (NYSE: SPR) Investors To Make Big Returns Again

In the last trading session, 3.29 million Spirit Aerosystems Holdings Inc (NYSE:SPR) shares changed hands as the company’s beta touched 1.75. With the company’s per share price at $29.86 changed hands at $0.74 or 2.54% during last session, the market valuation stood at $3.47B. SPR’s last price was a discount, traded about -27.19% off its 52-week high of $37.98. The share price had its 52-week low at $14.65, which suggests the last value was 50.94% up since then. When we look at Spirit Aerosystems Holdings Inc’s average trading volume, we note the 10-day average is 4.11 million shares, with the 3-month average coming to 0.83.

Spirit Aerosystems Holdings Inc (NYSE:SPR) trade information

Instantly SPR was in green as seen at the end of in last trading. With action 11.79%, the performance over the past five days has been green. The jump to weekly highs of 29.90 added 2.54% to the stock’s daily price. The company’s shares are showing year-to-date downside of -6.04%, with the 5-day performance at 11.79% in the green. However, in the 30-day time frame, Spirit Aerosystems Holdings Inc (NYSE:SPR) is 8.19% up. Looking at the short shares, we see there were 12.31 million shares sold at short interest cover period of 2.21 days.

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Spirit Aerosystems Holdings Inc (SPR) estimates and forecasts

Data shows that the Spirit Aerosystems Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 29.10% over the past 6 months, a 113.93% in annual growth rate that is considerably higher than the industry average of 1.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Spirit Aerosystems Holdings Inc will rise 81.70%, while the growth in revenue is estimated to hit 89.70% for the next quarter. Year-over-year growth is forecast to reach 23.80% up from the last financial year.

Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of $1.72 billion. 16 analysts are of the opinion that Spirit Aerosystems Holdings Inc’s revenue for the quarter ending Jun 2024 will be $1.82 billion. The company’s revenue for the corresponding quarters a year ago was $1.52 billion and $1.36 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.30%. The estimates for the next quarter sales put growth at 33.50%.

The 2024 estimates are for Spirit Aerosystems Holdings Inc earnings to increase by 104.44%, but the outlook for the next 5-year period is at 8.50% per year.

SPR Dividends

Spirit Aerosystems Holdings Inc is expected to release its next quarterly earnings report between May 01 and May 06.

Spirit Aerosystems Holdings Inc (NYSE:SPR)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.72% of Spirit Aerosystems Holdings Inc shares while 79.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.66%. There are 79.09% institutions holding the Spirit Aerosystems Holdings Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 9.42% of the shares, roughly 9.92 million SPR shares worth $289.47 million.

Price (T.Rowe) Associates Inc holds the second largest percentage of outstanding shares, with 9.11% or 9.59 million shares worth $279.95 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Price (T.Rowe) Mid-Cap Value Fund and Vanguard Total Stock Market Index Fund. With 5.6 million shares estimated at $163.33 million under it, the former controlled 5.31% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.12% of the shares, roughly 3.28 million shares worth around $95.84 million.

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