Spirit AeroSystems Holdings, Inc. Industrial Goods | Aerospace/Defense Products & Services | USA Spirit AeroSystems Holdings, Inc., through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. The company operates through three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and offers related spares, as well as maintenance, repairs, and overhaul (MRO) services. This segment also provides rotorcraft, including forward cockpits and cabins. The Propulsion Systems segment offers struts/pylons; nacelles, such as thrust reversers; and related engine structural components primarily to aircraft or engine OEMs, as well as related spares and MRO services. The Wing Systems segment provides wings and wing components comprising flight control surfaces; and other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services. It also offers low observables, including radar absorbent and translucent materials; radomes; and other military services, such as fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training. The company was formerly known as Mid-Western Aircraft Systems Holdings, Inc. Spirit AeroSystems Holdings, Inc. was founded in 1927 and is headquartered in Wichita, Kansas.
SPR is in a wedge, and also staying more-or-less between the 50 sma and 200 sma, with the 50 finally rising and closing in on the 200. It's been a weak stock recently, but I circled the MACD and its value is around 0. Watch which way it breaks out of this wedge. I happen to think it will break up and out, as it looks like a strong company. SPR is in the Aerospace industry, which has been a strong one of late (eg HII). And it has P/E below 10, and P/S below 1, and PEG below 1.
This stock still has great price ratios in a solid industry. Company gets a majority of its revenue from Boeing which is a concern, but it's growing revenue from Airbus. It didn't break out from the wedge mentioned in my last post, guess it wasn't time Also dipped a bit after the CEO announced he was leaving. But nothing catastrophic. And now maybe the news of a new CEO can be some kind of catalyst instead of a worry. Looking at weekly chart The 20-week sma (purple one) is the average of interest. Price is starting to converge around it -- looking for that sma to move upward and see if price can stay above it. For now there is also a channel I've drawn in. Now I don't expect that channel to last forever, or even for the next 2 months. But it's there as a guide to gauge the strength of the stock. Hopefully it can get even steeper.
