Spirit AeroSystems (SPR)

• Market cap: $3.9B
• 1 day: -0.54%
• 5 days: 0.70%
• 1 month: -6.52%
• 3 months: -2.66%
• 6 months: 0.60%
• Year to date: -0.75%
• 1 year: 1.19%
• 5 years: 71.86%
• 10 years: -36.01%
• Sector: Industrials
• Industry: Aerospace & Defense

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 to become 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. The company plans to be acquired by and reintegrated into Boeing in mid-2025.

Employees: 20,370

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 8 [Q3] → 12 (+4) [Q4]

9% more capital invested

Capital invested by funds: $3.44B [Q3] → $3.76B (+$316M) [Q4]

3.23% more ownership

Funds ownership: 90.81% [Q3] → 94.05% (+3.23%) [Q4]

6% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 82

2% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 50

1% less funds holding

Funds holding: 275 [Q3] → 273 (-2) [Q4]

61% less call options, than puts

Call options by funds: $79.5M | Put options by funds: $203M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $37 12% upside
• Avg. target: $37 12% upside
• High target: $37 12% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

RBC Capital Ken Herbert 52% 1-year accuracy 33 / 64 met price target

12% upside $37

Sector Perform Reiterated

11 Feb 2025