Spirit AeroSystems Holdings Inc. (SPR): Technicals Say You should Hold

Spirit AeroSystems Holdings Inc. (NYSE:SPR) saw an upside of 0.30% to close Monday at $47.50 after adding $0.14 on the day. The 5-day average trading volume is 1,392,020 shares of the company’s common stock. It has gained $48.58 in the past week. An average of 1,436,550 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,445,432.

SPR’s 1-month performance is 24.54% or $9.36 on its low of $37.96 reached on 09/20/21. The company’s shares have touched a 52-week low of $17.60 and high of $53.63, with the stock’s rally to the 52-week high happening on 03/15/21. YTD, SPR has achieved 21.51% or $8.41. However, the current price is down -11.43%% from the 52-week high price.

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Insider Transactions

On Sep 01, 41 days have gone by since the last insider trading activity for Spirit AeroSystems Holdings Inc. (SPR). JOHNSON ROBERT D (Director) most recently sold 500 shares at $39.38 per share on Sep 01. This transaction cost the insider $19,690. Director, JOHNSON ROBERT D, sold 500 shares at a price of $49.80 on Jun 01. Then, on Mar 11, Director JOHNSON ROBERT D sold 500 shares at a price of $48.77 per share. This transaction amounted to $24,385.

Valuation Metrics

Spirit AeroSystems Holdings Inc. (SPR) has a trailing price-to-earnings (P/E) ratio of 18.50 for the broader industry and 28.50 for the sector. The company’s PE ratio for the last five years has touched a high of 34.08 and a low of 3.704. SPR stock has a beta of 2.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.41 while the price-to-book (PB) in the most recent quarter is 8.85.

Spirit AeroSystems Holdings Inc. pays an annual dividend of $0.04 per share. Its dividend yield is 0.08%. SPR’s most recent quarterly dividend payment was made on Oct. 4, when it paid $0.01 a share compared with prior rate of $0.01, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.11 reported on Thursday February 6 2020. Measured over the last 3 years, the Dividend has been growing by -90.00% yearly.

It is projected that Spirit AeroSystems Holdings Inc.’s next ex-dividend date will be on 13-Dec. SPR is expected to distribute $0.01 as its next dividend.

Spirit AeroSystems Holdings Inc.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 2.50 meaning that SPR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 6.35, while the total debt to equity was 6.43. In terms of profitability, the gross margin trailing 12 months is -5.60%. The trailing 12-month EBITDA margin is -10.99% while for the period ending June 29; Spirit AeroSystems Holdings Inc.’s operating margin was -14.20%. The firm’s gross profit as reported stood at -$440.7 million against revenue of $3.4 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SPR to announce -$0.7 per share in earnings in its latest quarter, but it posted -$0.31, representing a 55.70% surprise. EBITDA for the quarter stood at more than -$15.7 million. SPR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.18 billion, with total debt at $3.69 billion. Shareholders hold equity totaling $105.43 million

Technical Picture

Let’s look briefly at Spirit AeroSystems Holdings Inc. (SPR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 70.58% to suggest the stock is trending Overbought, with historical volatility in this time period at 38.17%.

The stock’s 5-day moving average is $47.37, reflecting a +1.69% or $0.79 change from its current price. SPR is currently trading +18.93% above its 20-day SMA, +9.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +9.93% and +23.50% respectively.

Stochastic %K and %D was 93.57% and 95.97% and the average true range (ATR) pointed at 1.62. The RSI (14) points at 66.62%, while the 14-day stochastic is at 88.79% with the period’s ATR at 1.63. The stock’s 9-day MACD Oscillator is pointing at 0.98 and 2.47 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Spirit AeroSystems Holdings Inc. (NYSE: SPR), Bernstein upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for SPR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SPR as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.

What is SPR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $39.00 and a high of $70.00, with their median price target at $55.50. Looking at these predictions, the average price target given by analysts is for Spirit AeroSystems Holdings Inc. (SPR) stock is $56.14.


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