SPR Stock Summary and Trading Ideas (Spirit Aerosystems Hldgs | NYSE:SPR)

Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.

Spirit Aerosystems Hldgs trades on the NYSE stock market under the symbol SPR.

As of April 19, 2024, SPR stock price declined to $32.81 with 974,875 million shares trading.

SPR has a beta of 2.05, meaning it tends to be more sensitive to market movements. SPR has a correlation of 0.12 to the broad based SPY ETF.

SPR has a market cap of $3.81 billion. This is considered a Mid Cap stock.

Last quarter Spirit Aerosystems Hldgs reported $2 billion in Revenue and $.48 earnings per share. This beat revenue expectation by $73 million and missed earnings estimates by -$.39.

In the last 3 years, SPR stock traded as high as $53.31 and as low as $14.65.

The top ETF exchange traded funds that SPR belongs to (by Net Assets): VTI, VB, XAR, VBR, VXF.

SPR stock has underperformed the market in the last year with a return of +8.4%, while SPY returned +20.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SPR shares. However, SPR has outperformed the market in the last 3 month and 2 week periods, returning +16.6% and -3.6%, while SPY returned +4.0% and -3.7%, respectively. This indicates SPR has been having a stronger performance recently.

SPR support price is $32.39 and resistance is $33.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPR stock will trade within this expected range on the day.