Spirit Aerosystems stock hits 52-week high at 40.38 USD

Spirit Aerosystems Holdings Inc (NYSE:SPR) reached a significant milestone as its stock hit a 52-week high, closing at 40.38 USD. According to InvestingPro data, this represents a remarkable 49.6% increase from its 52-week low of 27.00 USD. This marks a notable achievement for the aerospace company, which has seen its stock rise by 16.32% over the past year. While the increase reflects positive market sentiment, InvestingPro analysis reveals some concerning fundamentals, including significant debt burden and weak profit margins. The company’s financial health score is currently rated as WEAK, with 12 additional key insights available to Pro subscribers. As investors continue to evaluate the company’s performance and future potential, the stock’s recent high may attract further interest from both institutional and retail investors. For deeper insights into SPR’s valuation and future prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro, covering what really matters about this and 1,400+ other top stocks.

In other recent news, Boeing (NYSE:BA) will take over Spirit AeroSystems’ facility in Belfast, Northern Ireland, after unsuccessful attempts by Spirit to find another buyer. This development is part of broader negotiations with Boeing. Additionally, Spirit AeroSystems is in the process of being acquired by Boeing, with the all-stock transaction expected to close in mid-2025, pending regulatory approvals. In a separate incident, an Air India Boeing 787-8 Dreamliner crash in Ahmedabad, India, has drawn attention. Boeing is working to gather more information about the crash, which resulted in numerous fatalities. The crash occurs at a sensitive time for Spirit AeroSystems, a major supplier for Boeing, as they navigate the acquisition process. Furthermore, John L. Plueger, a board member of Spirit AeroSystems, announced his departure, effective at the company’s annual stockholders meeting in May 2025. Plueger’s decision is attributed to his increased responsibilities at Air Lease (NYSE:AL) Corporation. Spirit AeroSystems’ Chairman, Robert D. Johnson, praised Plueger for his contributions, particularly his role in securing the merger agreement with Boeing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.