T. Rowe Price Associates, Inc. has recently announced that it has increased stake in Spirit Aerosystems Holdings Inc (NYSE:SPR) by 16.29%. After grabbing 10.81 million shares, the institutional investor is now in possession of 1.51 million shares of the Industrials Company. The new investment brought the stake of investor firm to 9.34% having worth around $297.21 million. Moreover, The Vanguard Group, Inc. increased its share by 50838.0 to have a control over 9.83 million shares. And Hill City Capital LP raised its holdings to 0.12 million shares by acquiring 5.3 million shares or 4.58% of the stake.
Spirit Aerosystems Holdings Inc (SPR) concluded trading on December 20, 2023 at a closing price of $30.89, with 3.2 million shares of worth about $98.99 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.92% during that period and On Wednesday the price saw a gain of about 0.55%. Currently the company’s common shares owned by public are about 115.76M shares, out of which, 114.89M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 85 times over the past 12 months. They bought 168,211 shares in 36 of the transactions. In 49 selling transactions, insiders dumped 82,022 shares.
T Rowe Price Mid Cap Value Fund, SPDR S&P Aerospace & Defense ETF, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Spirit Aerosystems Holdings Inc T Rowe Price Mid Cap Value Fund is currently holding 6.39 million shares of worth totaling $175.67 million. The company recently came buying 0.79 million shares which brought its stake up to 5.52% of the company’s outstanding shares. SPDR S&P Aerospace & Defense ETF bought 19059.0 shares, after which its hold over company’s outstanding shares expand to 3.16%, leaving 3.66 million shares with the mutual fund that have a worth of about $100.59 million. Vanguard Total Stock Market ETF, after buying 3.29 million shares, have now control over 2.85% of the stake in the company. It holds 7508.0 shares of worth $90.57 million.
However, the stock later moved at a day high price of 31.98, or with a gain of 0.55%. Stock saw a price change of 8.92% in past 5 days and over the past one month there was a price change of 19.59%. Year-to-date (YTD), SPR shares are showing a performance of 4.36% which increased to 12.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.65 but also hit the highest price of $38.55 during that period. The average intraday trading volume for Spirit Aerosystems Holdings Inc shares is 4.21 million. The stock is currently trading 10.92% above its 20-day simple moving average (SMA20), while that difference is up 26.29% for SMA50 and it goes to 19.62% higher than SMA200.
T. Rowe Price Associates, Inc. acquired 10.81 million shares of Spirit Aerosystems Holdings Inc having value of about $297.21 million. Data submitted at the U.S SEC by T. Rowe Price Associates, Inc. revealed that the firm now holds 1.51 million shares in the company valued at close to $46783275.68, or have control over 16.29% stake in the company. Spirit Aerosystems Holdings Inc (NYSE: SPR) currently have 115.76M outstanding shares and institutions hold larger chunk of about 79.53% of that. Holding of mutual funds in the company is about 36.60% while other institutional holders and individual stake holders have control over 43.13% and 3.05% of the stake respectively.
The stock has a current market capitalization of $3.58B and its 3Y-monthly beta is at 1.77. It has posted earnings per share of -$8.90 in the same period. It has Quick Ratio of 0.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SPR, volatility over the week remained 4.21% while standing at 3.42% over the month.
Analysts are in expectations that Spirit Aerosystems Holdings Inc (SPR) stock would likely to be making an EPS of $1 in the current quarter, while forecast for next quarter EPS is -$0.19 and it is $0.22 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.13 which is $3.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -28.29% while it is estimated to increase by 109.93% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on Dec-21-23 offering an Equal-weight rating for the stock and assigned a target price range of between $22 and $35 to it.
