Latest news with #SpiritAerosystems
Yahoo
01-05-2025
- Business
- Yahoo
Looking for a Fast-paced Momentum Stock at a Bargain? Consider Spirit Aerosystems (SPR)
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times. A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Spirit Aerosystems (SPR) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones: A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 5.1%, the stock of this aircraft parts maker is certainly well-positioned in this regard. While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. SPR meets this criterion too, as the stock gained 4.7% over the past 12 weeks. Moreover, the momentum for SPR is fast paced, as the stock currently has a beta of 1.41. This indicates that the stock moves 41% higher than the market in either direction. Given this price performance, it is no surprise that SPR has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped SPR earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, SPR is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. SPR is currently trading at 0.67 times its sales. In other words, investors need to pay only 67 cents for each dollar of sales. So, SPR appears to have plenty of room to run, and that too at a fast pace. In addition to SPR, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria. This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market. However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies. Click here to sign up for a free trial to the Research Wizard today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Spirit Aerosystems Holdings, Inc. (SPR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
Spirit workers urge UK government to secure jobs
Spirit Aerosystems workers and union officials met with Westminster politicians on Wednesday to try and secure the future of the aerospace sector in Northern Ireland. It comes days after Airbus finalised a deal to take over part of the Spirit AeroSystems operation in Belfast. The deal was first announced in July last year as part of a wider break up of the Spirit business. Spirit is Northern Ireland's most significant manufacturing employer, with about 3,500 staff but there is uncertainty for the non-Airbus parts of the Belfast business, with Spirit saying it will sell them separately. Susan Fitzgerald from Unite said that "clarity" is needed for all employees but especially those working in non-Airbus sections of the business. She accused the UK government of not having "done enough" to impact a different outcome and ensure the company isn't broken up. Fitzgerald rejected the government's response that the matter is "commercial" and therefore it can't interfere. Speaking outside the Houses of Parliament, Alan Perry from GMB union said it was "vital" politicians with influence within the British government "act upon the situation." "The aerospace industry in Northern Ireland is worth over £10 million to the Northern Ireland economy, over 3,500 workers work there, the factory has been there for over 135 years, this is clearly something we are not prepared to let go off without a fight," he added. Airbus confirms deal for Spirit operations in Belfast Airbus to take over some Spirit operations in Belfast
BBC News
30-04-2025
- Business
- BBC News
Spirit Aerosystems workers urge UK government to secure jobs
Spirit Aerosystems workers and union officials will meet with Westminster politicians on Wednesday to try and secure the future of the aerospace sector in Northern comes days after Airbus finalised a deal to take over part of the Spirit AeroSystems operation in deal was first announced in July last year as part of a wider break up of the Spirit is Northern Ireland's most significant manufacturing employer, with about 3,500 staff but there is uncertainty for the non-Airbus parts of the Belfast business, with Spirit saying it will sell them separately. Susan Fitzgerald from Unite said that "clarity" is needed for all employees but especially those working in non-Airbus sections of the accused the UK government of not having "done enough" to impact a different outcome and ensure the company isn't broken rejected the government's response that the matter is "commercial" and therefore it can't interfere. Speaking outside the Houses of Parliament, Alan Perry from GMB union said it was "vital" politicians with influence within the British government "act upon the situation.""The aerospace industry in Northern Ireland is worth over £10 million to the Northern Ireland economy, over 3,500 workers work there, the factory has been there for over 135 years, this is clearly something we are not prepared to let go off without a fight," he added.
BBC News
28-01-2025
- Business
- BBC News
Boeing loses $1b every month in 2024
Boeing lost nearly a billion dollars a month in 2024, as it grappled with a safety crisis, quality control issues and a damaging aerospace giant lost $11.8bn across the year, its worst result since 2020, when the aviation industry was paralysed by the Covid the three months to the end of December, when strikes were affecting the business, it lost $ well as suffering from well-publicised problems at it's commercial aircraft unit, Boeing also struggled with issues affecting a number of defence programmes. Chief executive Kelly Ortberg said the company was focused on what he called the "fundamental changes" needed to restore its fortunes and restore has had a dreadful year by any January 2024, a door panel fell off a brand new 737 Max shortly after take-off, leaving a gaping hole in the side of the plane. Investigators said it had not been bolted on incident highlighted serious quality control failings at the company – and at it's main supplier, Spirit Aerosystems. It also reignited concerns about Boeing's attitude towards had been trying to emerge from the shadow of two high-profile crashes involving a different 737 model, the Max 8, in 2018 and 2019, which killed 346 latest incident forced Boeing to curb production, as regulators called for changes on the factory floor, and demanded the implementation of a comprehensive safety and quality control August, Boeing appointed a new chief executive. Kelly Ortberg, a veteran engineer was brought in to steady the ship. But he immediately faced a serious challenge.A strike by 33,000 workers, most of them in Boeing's heartlands around Seattle brought two of its most important factories to a halt, and paralysed production of the 737 Max, the 777 and the 767 seven-week stoppage, which began in September, reflected deep seated resentment among employees over their pay and retirement provisions. The dispute was settled in early November, but it cost the company did take action. It announced plans to lay off 10% of its workforce and began raising more than $20bn through a combination of share sales and borrowing in order to protect its credit also delayed the entry into service of the 777X. A new version of the long-haul workhorse, it was already years late but had been expected to start operating in 2025. It will not now carry passengers until total, Boeing delivered 348 commercial aircraft last year. Its great rival Airbus delivered at Boeing's defence business have been less visible, but no less damaging. The unit lost more than $5bn, largely thanks to rising costs on fixed price military on the results, Mr Ortberg said, "We made progress on key areas to stabilize our operations during the quarter and continued to strengthen important aspects of our safety and quality plan""My team and I are focused on making the fundamental changes needed to fully recover our company's performance and restore trust with our customers, employees, suppliers, investors, regulators and all others who are counting on us."
