Spirit AeroSystemsSPR
Market Cap: $3.83B
About: Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's beleaguered 737 program, which accounts for nearly half the company's revenue.
Employees: 20,655
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
4.94% more ownership
Funds ownership: 96.5% [Q1] → 101.44% (+4.94%) [Q2]
8% more call options, than puts
Call options by funds: $236M | Put options by funds: $218M
0% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 6 (+0) [Q2]
4% less capital invested
Capital invested by funds: $4.04B [Q1] → $3.89B (-$156M) [Q2]
4% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 95
4% less funds holding
Funds holding: 301 [Q1] → 288 (-13) [Q2]
24% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 54
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
RBC Capital Ken Herbert 81% 1-year accuracy 50 / 62 met price target | 13%upside $37 | Sector Perform Reiterated | 20 Aug 2024 |
Truist Securities Michael Ciarmoli 64% 1-year accuracy 37 / 58 met price target | 7%upside $35 | Hold Maintained | 17 Jul 2024 |
Susquehanna Charles Minervino 31% 1-year accuracy 17 / 55 met price target | 13%upside $37 | Neutral Downgraded | 17 Jul 2024 |
Baird Peter Arment 76% 1-year accuracy 16 / 21 met price target | 13%upside $37 | Neutral Downgraded | 12 Jul 2024 |
JP Morgan Seth Seifman 77% 1-year accuracy 20 / 26 met price target | 13%upside $37 | Neutral Downgraded | 8 Jul 2024 |
Financial journalist opinion
Based on 16 articles about SPR published over the past 30 days