Spirit Aerosystems (SPR) is Upgraded by Bernstein to Outperform

Spirit Aerosystems (SPR) is Upgraded by Bernstein to Outperform , according to the research report released to the investors. Earlier the firm had a rating of Mkt Perform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Spirit AeroSystems Holdings, Inc. is up 2.69% in the last 3-month period. Year-to-Date the stock performance stands at 16.33%.The company shares have rallied 14.85% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $57.99 and the one year low was seen on Jan 6, 2015. The 50-Day Moving Average price is $50.83 and the 200 Day Moving Average price is recorded at $52.45.

Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) appreciated by 3.49% during the past week but lost 4.3% on a 4-week basis. The shares have outperformed the S&P 500 by 4.36% in the past week but underperformed the index by 2.06% in the last 4 weeks.

Spirit Aerosystems Holdings, Inc. (NYSE:SPR) : On Thursday heightened volatility was witnessed in Spirit Aerosystems Holdings, Inc. (NYSE:SPR) which led to swings in the share price. The shares opened for trading at $48.63 and hit $50.21 on the upside , eventually ending the session at $50.07, with a gain of 2.25% or 1.1 points. The heightened volatility saw the trading volume jump to 1,816,333 shares. The 52-week high of the share price is $57.99 and the company has a market cap of $7,029 million. The 52-week low of the share price is at $41.28 .

Currently the company Insiders own 0.29% of Spirit Aerosystems Holdings, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.29% . Institutional Investors own 96.8% of Spirit Aerosystems Holdings, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -8.49%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP/CTO) of Spirit Aerosystems Holdings, Inc., Pilla John A had sold 4,958 shares worth of $247,702 in a transaction dated December 10, 2015. In this transaction, 4,958 shares were sold at $49.96 per share.

Spirit AeroSystems Holdings, Inc. (Holdings) is an independent non- original equipment manufacturer (OEM) aircraft parts designers and manufacturers of commercial aerostructures. The Company operates in three segments: Fuselage Systems, which includes forward, mid and rear fuselage sections; Propulsion Systems, which includes nacelles, struts/pylons and engine structural components, and Wing Systems, which includes wing systems and components, flight control surfaces and other miscellaneous structural parts. The Company is an independent supplier of aerostructures to The Boeing Company (Boeing). In addition, it is an independent suppliers of aerostructures to Airbus S.A.S. (Airbus). The Company is engaged in production of the majority of the airframe content for the Boeing B737. In addition, it is a content supplier of wing systems for the Airbus A320 family. It is a supplier for the Airbus A380. In April 2012, it opened a 55,000-square-foot manufacturing facility in Chanute, Kansas.