Sparton Corporation VP Gordon B. Madlock Unloads 2,800 Shares (SPA)
Sparton Corporation (NYSE:SPA) VP Gordon B. Madlock unloaded 2,800 shares of Sparton Corporation stock on the open market in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $31.49, for a total transaction of $88,172.00. Following the completion of the transaction, the vice president now directly owns 42,479 shares of the company’s stock, valued at approximately $1,337,664. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sparton Corporation (NYSE:SPA) traded up 0.31% during mid-day trading on Tuesday, hitting $32.41. The stock had a trading volume of 78,426 shares. Sparton Corporation has a one year low of $12.19 and a one year high of $32.48. The stock’s 50-day moving average is $29.63 and its 200-day moving average is $25.55. The company has a market cap of $317.9 million and a price-to-earnings ratio of 25.22.
Sparton Corporation (NYSE:SPA) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $84.60 million for the quarter, compared to the consensus estimate of $78.10 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, analysts predict that Sparton Corporation will post $1.49 earnings per share for the current fiscal year.
Sparton Corporation (NYSE:SPA) provides electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, and field service.