Spirit Aerosystems stock hits 52-week high at 41.14 USD

Spirit Aerosystems Holdings Inc (NYSE:SPR). has reached a significant milestone, with its stock hitting a 52-week high at 41.14 USD. This marks a notable achievement for the aerospace component manufacturer, reflecting a positive trend over the past year. According to InvestingPro data, the stock has shown strong momentum with an impressive 19% gain year-to-date. The stock’s performance has been bolstered by a 16.47% increase over the last 12 months, indicating strong investor confidence and potential growth in the aerospace sector. However, investors should note that Spirit carries a substantial $5.4 billion debt burden and reported negative earnings of -$18.23 per share over the last twelve months. The company’s current trading price suggests it may be overvalued according to InvestingPro’s Fair Value analysis, making it crucial for investors to conduct thorough due diligence. Discover 11 more key insights about Spirit Aerosystems with an InvestingPro subscription, including detailed financial health scores and comprehensive research reports.

In other recent news, Spirit AeroSystems Holdings, Inc. announced a significant financial development with Airbus S.A.S. The companies have amended their agreement, resulting in Airbus providing an additional $94 million in financial assistance to Spirit AeroSystems, bringing the total support package to $152 million. This funding is earmarked for use in Airbus programs as outlined in their agreement. In another development, Boeing (NYSE:BA) is set to take over Spirit AeroSystems’ Belfast facility after unsuccessful attempts to find another buyer. Meanwhile, John L. Plueger, a long-serving board member of Spirit AeroSystems, will step down at the company’s annual stockholders meeting in May 2025 due to increased responsibilities at Air Lease (NYSE:AL) Corporation. Additionally, Spirit AeroSystems experienced a setback following a tragic Air India Boeing 787-8 Dreamliner crash, although the cause remains under investigation.

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